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News Now

CU System
Wis. teachers learn to help students be millionaires
MADISON, Wis. (7/15/08)--A group of 50 educators will learn how to teach their students about finances during the second session of the 2008 National Institute of Financial and Economic Literacy (NIFEL), held through Friday at Edgewood College in Madison, Wis. The Wisconsin Department of Financial Institutions (DFI) is conducting the NIFEL sessions. Attendees will spend the week learning how to teach their students about investing, financial plans, insurance and “how to be a millionaire,” the DFI said in a release. The Wisconsin Credit Union League is helping to sponsor the event, as it has done every year since 2001, according to Chad Helminak, Wisconsin Credit Union League public relations specialist. “Wisconsin credit unions have been amazing in stepping up to the plate and providing support for local teachers,” Helminak told News Now. Jim Drogue, vice president of credit union development at the league, was scheduled to present Monday about the payday lending industry, dangers of payday loans, and viable credit union alternatives, such as StretchPay. NIFEL is organized by The Jump$tart Coalition for Personal Financial Literacy. It was organized in 2001 in response to the fact that most educators lack the skills to teach personal finance, the DFI said.
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