CUNA Asks for $3 Million for National Financial Literacy Public Service Campaign

WASHINGTON – CUNA has requested to include $3 million in the Treasury, Transportation and Housing Appropriations bill to fund a national financial literacy public service multi-media campaign from key lawmakers for the federal government’s 2006 budget now under consideration in Congress. In letters to the chairman and ranking member of the House Appropriations Subcommittee on Transportation, Treasury and Housing, CUNA President/CEO Dan Mica noted that the multi-media campaign was authorized by the Fair and Accurate Credit Transactions Act passed in the 108th Congress. “Financial literacy is an important tool for both students and adults of all ages, incomes and backgrounds,” Mica stated in the letters to Chairman Joe Knollenberg (R-Mich.) and Ranking Member John Olver (D-Mass.). “Ensuring individuals have proper financial skills will lead to financially stable families and communities, helping to achieve the American dreams of college, homeownership and retirement security.” Mica added that the multi-media campaign to be developed with the $3 million appropriation will “help bring financial literacy to all Americans.”