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News Now

Washington
CUNA financial literacy partner tapped by Bush
WASHINGTON (1/24/08)--The National Endowment for Financial Education (NEFE)--CUNA’s partner in expanding financial literacy education throughout U.S. schools--was named to President George W. Bush’s newly established President’s Advisory Council on Financial Literacy. NEFE President/CEO Ted Beck will represent the organization on the president’s council. The White House said the 19-member council will focus exclusively on economic empowerment issues. It will operate under the guidance of the U.S. Treasury Department with the specific charge of “keeping America competitive and assisting citizens in understanding and addressing financial matters." Charles R. Schwab, chairman/CEO of the Charles Schwab Corp., will serve as the council's chairman. Operation HOPE Founder, Chairman/CEO John Hope Bryant was named vice-chairman. Cutler Dawson, president/CEO of Navy Federal CU in Merrifield, Va., also will serve on the council.


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