Chairman Johnson to Join U.S. Treasurer
at Unbanked Conference in Texas
November 29, 2006, Alexandria, VA – National Credit Union Administration (NCUA) Chairman JoAnn Johnson will serve as a Featured Speaker at the Regional Conference on Reaching Unbanked People, scheduled for Monday, December 4, in Edinburg, Texas at the University of Texas - Pan American. More than fifty credit union representatives from Texas have already reserved their attendance for the event.
The one day Conference is free and lunch is included. Credit union officials in the region are encouraged to attend. For questions and to R.S.V.P., please feel free to email the Department of Treasury at FLECSTRATEGY@do.treas.gov
Chairman Johnson will stress the importance of reaching out to the unbanked with much needed products and services, while also providing financial education so they can best apply those products and services. “Reaching out and serving the unbanked doesn’t stop at getting them through the doors of a traditional financial institution and offering them loans “said Chairman Johnson. “It is only the beginning. We need to equip them with the vital financial literacy necessary to empower them for a lifetime. This Conference is a big step in setting the course for America’s financial institutions to make a profound difference in this segment of our population which is often overlooked, yet so vital to the health of America’s economy.”
The Conference is the second of four regional events organized in conjunction with this year’s launch of The National Strategy for Financial Literacy adapted by the Financial Literacy and Education Commission (FLEC). Chairman Johnson serves on the FLEC, which was created by Congress in 2003, comprised of 20 federal agencies, and headed by the Treasury Department. The National Strategy is a blueprint for improving Americans’ understanding of issues like homeownership, credit management and retirement savings. The Commission introduced the website www.MyMoney.gov and toll-free hotline (1-888-My Money) which highlights federal resources on a wide range of personal finance topics. Chairman Johnson was recently selected by the Treasury Department to lead the MyMoney.Gov website.
Chairman Johnson will join officials from the government, including U.S. Treasurer Anna Escobedo Cabral, as well as private sector officials, to discuss innovative ways financial institutions can serve the unbanked. The conference will also feature expert panelists and will provide a forum to discuss issues affecting the unbanked, including:
- remittances and reaching the unbanked;
- innovative products and strategies for reaching the unbanked;
- asset building;
- financial education; and
- reaching the unbanked youth.
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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