PHOENIX, Ariz. – Arizona credit unions are on the right track in pitching financial literacy programs to adults instead of focusing solely on students, according to a top U.S. Treasury aide. Speaking here to CU executives involved in financial education, Daniel Iannicola, U.S. Treasury Deputy Assistant Secretary overseeing the department’s Office of Financial Education, sat in on a Desert Schools CU charter school classroom and met with leaders of the Arizona Credit Union League during a March 12 visit. “I came away impressed with how Desert Schools and other credit unions are putting their resources where their mouths are and making a very strong commitment to financial education,” said Iannicola. “It’s a big commitment and they are showing they are up to the task.” He singled out Desert Schools which has a full time teacher on staff devoted to reducing illiteracy in Hispanic communities. Iannicola said his visit to Arizona follows a similar recent stopover in Albuquerque and is part of a nationwide tour of both bank and CU operations by the department. He said he has made similar visits to CUs in Brooklyn, N.Y. and in Virginia, but the work being done in Arizona “is impressive.” The Arizona visit included a “roundtable” discussion held in League offices and featured talks by Arizona State Sen. Dean Martin discussing a bill creating “Financial Literacy for Youth Month” which is proceeding through the state legislature. Also on hand for the roundtable were representatives from government and non-profit agencies and Arizona education associations.
The disruption could introduce new risks into the system by compelling banks to loosen lending standards and take on greater risk.
The CDFI awards support to developers, renters and buyers.
Without email authentication standards, hackers don’t need to compromise accounts to send emails that impersonate FIs.
Sponsored by Epic River
Learn how your credit union can onboard new sources of deposit revenue from hospital systems and healthcare providers in your community with the strategy outlined in this white paper.
Sponsored by Finastra
Taking the first step towards a complete digital mortgage experience can be the hardest. Learn six strategic steps to start your credit union’s journey today.
Credit Union Times
Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!
- Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
- Exclusive discounts on ALM and Credit Union Times events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.