Thank you for sharing!

Your article was successfully shared with the contacts you provided.

At the same time, HLPR is being refined, he said adding “we’re looking to develop a fixed-rate version.” Nonetheless, HLPR remains a “great illustration of our commitment to people of modest means.” In reaching young people, CUs, he said are “well positioned to take the lead on financial education” maintaining “we could be and should be the number one source of personal finance information in this country.” In his Portland speech, Valdov stressed the severity of the financial literacy problem noting that 56% of parents believe their high school graduates are “totally unprepared” to manage their personal finances. Moreover, more than 50% of high school seniors who take Jumpstart’s annual financial literacy test get a failing grade and statistics show that anywhere between 25-56 million adults are “unbanked.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join 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.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.