Roland Arteaga, president/CEO of the Defense Credit UnionCouncil, has been appointed by President Obama to the President'sAdvisory Council on Financial Capability.

The 12-member council will provide advice to Obama on promotingand enhancing financial literacy and capability among the Americanpeople, according to the White House. The council has been taskedwith a number of charges including advising on financial educationefforts, promoting financial products and services that arebeneficial to consumers, especially low- and moderate-incomeconsumers, and promoting understanding of effective use of suchproducts and services.

Arteaga represents the interest of credit unions operating onmilitary bases worldwide, serving as their primary liaison andconduit to the Pentagon, the White House said. An ex-officio memberof the DCUC's executive committee and ex-officio board member andtreasurer of the Armed Forces Financial Network, Arteaga serves onthe National Partners Coordinating Committee for the Military Savescampaign and is also a member of the American Society MilitaryComptrollers.

The new Consumer Financial Protection Bureau will house theOffice of Financial Education, which will look to the financialcapability council to help consumers make better informed financialdecisions, according to the White House.