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Iowa league testifies at presidents fin-lit forum
DES MOINES, Iowa (11/14/08)--Iowa Credit Union League (ICUL) testified that credit unions are increasing financial literacy among their members during a financial literacy forum hosted by members of
Jeff Russell of The Members Group provides testimony on behalf of the Iowa Credit Union League during a financial literacy forum hosted by the President’s Advisory Council on Financial Literacy. The Members Group is a credit union service organization owned by the league.
Carrie Schwab Pomerantz, daughter of the President’s Advisory Council on Financial Literacy Chair Charles Schwab, was the keynote speaker at the council’s forum on financial literacy in Des Moines, Iowa. (Photos provided by the Iowa Credit Union League)
the President’s Advisory Council on Financial Literacy. Iowa credit unions are holding financial seminars, developing in-school branches, participating in Money Smart Week Iowa and sponsoring the television show BizKid$, which teaches children about money. “Iowa credit unions are advocates for increasing financial literacy, not only among our members but our broader communities,” said Patrick Jury, ICUL president/CEO. “We will continue to pledge our support of financial education and making a difference in the lives of our members.” Jeff Russell of The Members Group (TMG) provided the testimony for ICUL. TMG is a credit union service organization that is owned by ICUL. Russell shared information about the Iowa Credit Union Foundation’s individual development account program that matches the savings of working families so they can purchase long-term financial assets such as a home, business or education. He also noted ICUL’s subsidiary company, Coopera Consulting, which was created to help credit unions nationwide reach out to Hispanics. Coopera has helped credit unions open accounts for previously unbanked Hispanics and has started them on a path to savings, asset building and greater financial literacy, he said. More than 100 financial education leaders in Iowa attended the forum to discuss financial literacy efforts in the state. The forum was sponsored by the ICU, Greater Iowa CU, and the Iowa State University College of Business and College of Human Sciences. Council members heard testimony from the ICUL, Iowa Society for Human Resource Management, the Iowa Department of Human Services, the Iowa Jump$tart Coalition and the 21st Century Skill Committee. The President’s Advisory Council on Financial Literacy was created in January by President Bush to help Americans with finances.
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