NEW YORK (10/31/08)--Nearly 100 financial literacy practitioners and government officials attended the National Federation of Community Development Credit Unions’ Seventh Annual Financial Literacy Day celebration at the Museum of American Finance in Manhattan last week. Representatives from credit unions, city officials, banks and community organizations addressed attendees about financial literacy and the work their organizations are conducting in low- and moderate-income communities. Practitioners should “reach out to all levels of government and non profit agencies” to make the most of available resources, said Dan Iannicola, deputy assistant secretary for financial education at the U.S. Treasury. “With the financial industry in turmoil and the persistent problems in the global economy, the need for this type of work is greater than ever,” added federation President/CEO Cliff Rosenthal. Other presenters included:
* Lee Kjelleren, CEO, Museum of American Finance; * Johnette Hartnett, director of public policy at the National Disability Institute; * Dianne Dixon, deputy superintendent of the New York State Banking Department; and * Thom Dellwo, financial education coordinator, Cooperative FCU, Syracuse, N.Y.
“Credit unions are uniquely qualified to teach financial literacy because of their commitment to their communities and particularly as financial institutions,” Dellwo said. He authored the book, “Life Skills: Planning Your Financial Future.” Support for the event was provided by the New York Credit Union Foundation, Signature Bank and the Museum of American Finance.