Financial Literacy Headlines
Chairman Johnson’s Agenda
Chairman JoAnn Johnson addresses financial education
in Madison, Wisconsin, and elsewhere
April 11, 2005, Alexandria, Va. -- Chairman JoAnn Johnson is spending April, Financial Literacy month, highlighting the importance of financial education in an effort to raise peoples’ awareness of their finances.
April 13 in Madison, Wisconsin, NCUA Chairman JoAnn Johnson and Treasury Deputy Assistant Secretary for Financial Education Dan Iannicola, Jr., will discuss the details of a new national financial education strategy before a group of credit unions and Jumpstart partners. Taking Ownership of the Future – The National Strategy for Financial Literacy, a new national literacy strategy adopted by the Financial Literacy and Education Commission, is a blueprint for improving Americans’ understanding of issues like homeownership, credit management and retirement savings.
“This financial education strategy does an excellent job of emphasizing the importance of raising public awareness, developing sound tactics, and proposing prompt action which will equip both the public and private sectors to help educate American consumers,” Chairman Johnson said announcing the Madison rollout.
This follows an April 4 event where Chairman Johnson joined Treasury Secretary John Snow, the U.S. Treasurer, Members of Congress and several federal agency officials at the U.S. Treasury in Washington, D.C., unveiling the Financial Literacy and Education Commission’s (FLEC) new financial education strategy.
“I appreciate Secretary Snow’s contribution to the cause of financial literacy and education and can say without a doubt that credit unions will continue to play a key role in strengthening America by providing valuable financial education to their members,” Chairman Johnson said.
“The National Strategy for Financial Literacy is the right tool for the job. You have my word that the NCUA will serve as a reliable partner in this effort and will apply the National Strategy to enhance the agency’s policies, outreach and initiatives in the future,” Johnson said.
May 1, 2006, Chairman Johnson will attend a third financial literacy event in Chicago, Illinois, where she and fellow Financial Literacy Commission members will discuss how
financial institutions can reach out to the millions without basic financial services in the United States today.
Chairman Johnson serves on the Financial Literacy and Education Commission headed by the Treasury Department and comprised of 20 federal agencies. The Commission was created by Congress in 2003 to establish a national strategy for financial education. The Commission introduced the website (www.MyMoney.gov) and toll-free hotline (1-888-My Money) in 2004, which highlights federal resources on a wide range of personal finance topics.
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the savings of nearly 85 million account holders in all federal credit unions and many state-chartered credit unions. NCUA operations are funded by credit unions, not tax dollars.
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