ALEXANDRIA, Va.-The NCUA boardroom at its Alexandria, Va. headquarters was the site of the unveiling of the Financial Literacy and Education Commission's Web site and toll-free hotline last week. The Web site and number should be easy to remember at www.mymoney.gov and 1-888-MYMONEY, respectively. Both will lead consumers to a free tool kit they can order, which includes financial education brochures from the Securities and Exchange Commission, Department of Labor, the Social Security Administration, and the Federal Deposit Insurance Corporation. Both are available in English and Spanish. NCUA served on the commission's subcommittees that established the Web site and hotline. "Everyone in this room has been involved in financial education and credit unions are no exception," NCUA Chairman JoAnn Johnson stated during her opening remarks. Treasury Assistant Secretary for Financial Institutions Wayne Abernathy said he felt NCUA was a very appropriate place to launch the new Web site and hotline. "I can think of no financial institutions more in the forefront in financial education than credit unions," he remarked. Treasury Deputy Assistant Secretary for Financial Education Dan Iannicola emphasized that the commission will work with consumer groups and others to get the word out about the new collection of information available. Johnson pointed out, "The work of the commission is far from complete." The members are continuing to look for more information and will search the private sector as well, Commodity and Futures Trading Commission Chairman Sharon Brown-Hruska explained. Right now the hotline directs people on how to get the tool kit. Eventually, consumers will be able to speak to someone to direct them to the appropriate agency for the information they are seeking, FDIC Deputy Director of Compliance and Consumer Protection Donna Gambrell, who headed up the hotline subcommittee, said. Abernathy added that the reason this strategy works so well is that the commission is not trying to do anyone else's job. Additionally, consumers can ask questions at the Web site and either get an answer or be directed where they can go for more information. [email protected]
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