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CU System
N.J. CUs sponsor state coalitions fin lit symposium
MERCERVILLE, N.J. (12/9/11)--New Jersey credit unions, through their partnership with the New Jersey Coalition for Financial Education (NJCFE) created earlier this year, sponsored NJCFE's fifth Annual Financial Literacy Symposium Wednesday in Mercerville.

The Financial Literacy Symposium is the main event of NJCFE's year. With the theme "Community Financial Survival Kit," the symposium provided information from financial and education experts (The Daily Exchange Dec. 8).

Maryanne Evanko, NJCFE chairwoman, and Michael Drulis, NJCFE executive staff, welcomed the group. And Drulis explained that N.J. credit unions became involved with the NJCFE "just in the nick of time," helping the organization expand its reach into New Jersey communities.

Keynote speaker Paul Gentile, president/CEO of the New Jersey Credit Union League, stressed the importance of financial literacy in the state and affirmed New Jersey credit unions' commitment to the cause. Financial literacy is a key component to helping consumers make better financial decisions, and through their offerings--including webinars, seminars, and Reality Fairs program--New Jersey credit unions are dedicated to spreading financial literacy, Gentile said.

"New Jersey credit unions want to partner with organizations to bring financial literacy to New Jersey consumers," Gentile said.

Credit unions' sponsorship of NJCFE is made possible by contributions from the New Jersey Credit Union Foundation and New Jersey credit unions that support the sponsorship, Gentile noted.

The New Jersey credit unions' work with NJCFE is just one example of how credit unions nationwide are supporting financial literacy programs by partnering with state and local community group and agencies to provide fundamental financial educations to help consumers wisely manage their money, credit, and accounts at financial institutions.

The Credit Union National Association has a financial literacy site that includes several programs, such as a Mad City Money hands-on simulation that appeals to youth and gives them a taste of the real world. The site also has a National Endowment for Financial Education High School Financial Planning program. For more information, use the links.
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