ALEXANDRIA, Va. -- Credit union organizations participated in a couple of financial literacy inspired events in Washington, D.C. recently.
NCUA Chairman JoAnn Johnson and agency staff, along with other federal agencies, answered questions and distributed materials regarding financial education to interested members of Congress and their staff at a Capitol Hill event recognizing Financial Literacy Month.
"Financial education is one of the primary foundations of a strong economy, and this event highlighted that fact to our nation's Congress," Johnson commented. "I was pleased to see the excellent turnout of lawmakers and their staffs and have the opportunity to underscore the commitment that NCUA and the credit union industry have to financially educated consumers."
Separately, American Airlines Credit Union President/CEO John Tippets took part in The Aspen Institute's press event highlighting its new report, Savings for Life: A Pathway to Financial Security for All Americans, which featured a number of policy recommendations. A number of members of Congress were scheduled to participate as well as representatives from private sector companies like H&R Block.
Tippets serves on the Aspen Institute advisory board that helped develop its Initiative on Financial Security. "The legislative process is a slow one and concepts presented to Congress change a great deal but I hope some of the ideas presented today can gain traction," he commented.