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Wis. league drives CU participation in investment program
MADISON, Wis. (10/23/09)--With the help of the Wisconsin Credit Union League, more than 3,500 credit union employees have registered for free online courses on investing through the REAL Progress and Pathways to Prosperity (RP3) program, according to Investor Protection Trust (IPT). The program’s goal is to provide on-line investor education to 4,000 employees and then study how investing behaviors changed among both employees and members of the credit unions. Because 3,500 employees have already registered for the first phase of the project, project leaders are confident that more than 4,000 employees will participate within the two phases (investorprotection.org September 2009). More than 3,000 employees have taken the pre-course survey and more than 2,800 online course modules have been completed by employees, according to the Department of Financial Institutions (DFI). The Wisconsin league also helped to sign memorandums of understanding with 75 credit unions statewide, surpassing the original goal of 40, the DFI said. Also, during Money Smart Week in Wisconsin, Wis. Gov. Doyle's Council on Financial Literacy officially endorsed a concept to recognize employees and CUs for their participation, the DFI said. IPT awarded a grant to the Center on Business and Poverty through the University of Wisconsin Foundation to implement the program. The Wisconsin league partnered with the Governor’s Council on Financial Literacy, Precision Information, and other businesses and non profits on the project. Investor education is being offered primarily through an on-line provider, Precision Information, and its Educated Investor University.
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