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From the May-14, 2008 issue of Credit Union Times Magazine • Subscribe!

Presidential Panel Seeks Ideas On Improving Financial Literacy

WASHINGTON -- A federal panel aimed at improving the public's understanding of personal finance issues wants help from the public.

The President's Advisory Council on Financial Literacy is seeking comments and suggestions to incorporate into its final report to President Bush later this year.

The panel wants ideas about youth financial literacy, financial education in the workplace, financial access for underserved markets, financial literacy research and outreach and awareness.

Statements may be e-mailed to financialliteracycouncil@do.treas.gov or

sent in triplicate form to the President's Advisory Council on Financial

Literacy, Office of Financial Education, Room 1332, Department of the Treasury, 1500 Pennsylvania Ave., NW., Washington, DC, 20220. The deadline is May 23.

A full copy of the information request is in Federal Register/Vol. 73, No.54:

http://www.treas.gov/offices/enforcement/ofac/legal/regs/fr13519.pdf.

Several panel members have current or past ties to credit unions including Ted Beck, president/CEO of the National Endowment for Financial Education, which receives contributions from CUNA and several individual credit unions; John Bryant, president of Operation Hope, a nonprofit social investment banking organization that works with many credit unions to provide economic opportunities and education in low-income areas; Cutler Dawson, president/CEO of Navy Federal Credit Union, who will be the council's liaison to the Financial and Literacy Education Commission; and Laura Levine, the executive director of the Jump$tart Coalition for Personal Financial Literacy and a past vice president of the California Credit Union League and of the Vista Federal Credit Union.

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