WASHINGTON -- NCUA Chairman JoAnn Johnson congratulated the Department of Treasury's Office of Financial Education on its fifth anniversary.
"This five year milestone gives NCUA and America's credit unions the occasion to reflect on the growing value of financial education to their members," Johnson noted. "When President Bush recognized the importance of financial education to the American economy and directed the U.S. Department of Treasury to establish the Office of Financial Education, it signaled a strong commitment by this Administration to enhance the ability of consumers to become more informed and thus better able to make choices in an increasingly complex marketplace."
Chairman Johnson serves as one of the 20 members of the Financial Literacy and Education Commission, chaired by Treasury Secretary Henry Paulson. She has chaired the committee to establish the mymoney.gov financial education Web site that grew out of the FLEC.
"The Treasury Department can count on continued support from NCUA and the credit union community as we work together to provide the necessary tools of financial education so more of our fellow citizens may achieve the American dream," Johnson concluded.