NAFCU Board Gets Two New Members
WASHINGTON -- Visions FCU President/CEO Frank Berrish and Randolph-Brooks FCU President/CEO Randy Smith were elected to three-year terms on NAFCU's board in balloting that ended last month.
Berrish, whose credit union is in Endicott, N.Y., was elected to an at-large seat while Smith, whose credit union is in Live Oak, Texas, captured the Region IV seat.
At-Large Director Michael Lussier, president/CEO of Webster First FCU in Webster, Mass., was re-elected to a third term on the board. Region III Director Larry Wilson, president/CEO of Coastal FCU in Raleigh, N.C. was unopposed for re-election for that board position.
"We are delighted to welcome Berrish and Smith and to continue to rely on the guidance and expertise of Lussier and Wilson on the NAFCU Board of Directors," said NAFCU President Fred R. Becker. "Together with out other board members, they represent a great wealth of knowledge and enthusiasm that is vital as NAFCU continues to champion credit union issues."NAFCU Urges Focus on Education
WASHINGTON -- Financial education should be broader and deeper and start earlier, NAFCU told a government panel.
Ensuring that elementary school students learn about these subjects early on "will allow children and young adults to avoid many financial missteps in the immediate future," NAFCU Senior Vice President of Government Affairs B. Dan Berger wrote in a letter sent to the President's Advisory Council on Financial Literacy.
Berger urged that school systems expand their efforts with credit unions to increase financial awareness among students of all ages.
He also recommended that the government to collaborate with organizations that work with underserved populations to provide workshops and free credit counseling. The governments should also encourage these organizations to build relationships "between underserved citizens and responsible financial institutions."
Berger wrote that the council should make sure that low-cost materials are available to help businesses provide financial education to their employees.
The government should also expand its use of traditional print, broadcast and web outlets to stress the importance of financial literacy, he added.
The council, which has several members with ties to credit unions, is coming up with proposed public- and private-sector initiatives to raise people's knowledge of personal finance issues.