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Article Archive

Filling the Void: Lessons from the Front Line of Financial Education & Counseling

Credit unions across the country have answered this need with many outstanding programs. In this CUtv event, we revisited this critical service, hosting a panel of best-practice presentations straight from the personnel on the front lines—the curriculum developers, teachers, and budget counselors that do the best work in the field every day.... More

Working Financial Literacy into the Classroom

Most Americans aren’t fluent in the language of money. Yet we’re expected to make big financial decisions as early as our teens — Should I take on thousands of dollars of student debt? Should I buy a car? — even though most of us received no formal instruction on financial matters until it was too late. While no course in personal finance could have prevented many Americans from getting caught up in the housing bubble, it’s clear that most of us need some help, preferably starting when we’re still in school. And I’m not just talking about learning to balance your checkbook. It’s understanding concepts like the time value of money, risk and reward, and, yes, the importance of savings.... More

Alabama Jump$tart Coalition Named National Jump$tart's Southeast Coalition of the Year

Alabama Jump$tart Coalition Named National Jump$tart's Southeast Coalition of the Year; a non-profit organization that was established in December 2002 in Alabama. The membership represents over ninety organizations and the members represent the Alabama Department of Education, financial institutions, government agencies, non-profit organizations, and universities and colleges of higher learning. Alabama Jump$tart is a proud affiliate of the National Jump$tart Coalition for Personal Financial Literacy which is based in Washington, D.C. and was first convened in 1995.... More

HSFPP and NEFE at The White House!

Last Friday afternoon was a historic day for the NEFE High School Financial Planning Program, and for the financial literacy movement. Using our program, a master teacher from Virginia gave a brilliant and inspired lesson to thirteen high school girls in the State Dining Room of the White House in Washington DC. ... More

USA Today Article, by Don Campbell, "A lesson every grad needs: personal finance"

Millions of high school and college graduates will hear commencement speeches this month in which they'll be exhorted to greatness and told they have the power to change the world. Unfortunately, some of them will then wander off into a financial jungle — a world they will neither understand nor be equipped to cope with, much less change.

In a few years, they'll be calling radio talk show hosts like Clark Howard and Dave Ramsey, pleading for advice because they're out of work and upside down on a $30,000 car loan, or buried under $75,000 in college loans for a graduate degree that turned out to be useless, or finding out that financing a small business with credit cards is not a viable long-term plan.... More

HSFPP and NEFE at the White House, AGAIN!

I guess the word travels fast at the White House! Less than a week after Lisa Moore and I took the NEFE HSFPP to First Lady Michelle Obama’s female mentees** on April 23, Lisa’s phone was ringing again! This time is was the head of the male mentorship program of President Obama. Could she return to teach that same lesson on budgeting to their group? And could she come over on just six days notice?

Well, after some fast and furious emailing back and forth, getting new security clearances, etc., we were back this past Tuesday. The White House itself must have been booked because our class was held right next door in the very imposing Eisenhower Executive Office Building. The time was set for a 5:30 pm class session. Lisa came across the bridge from Arlington and I came across several states from Denver. Then we met up at my hotel and taxied on down to the EOB. ... More

Iowa CUs Serve the Underserved Through Remittances, Community Outreach

With Mother's Day around the corner, money transfer agents across the United States are experiencing the single busiest holiday of the year, as Latin Americans working abroad send larger amounts of money home to family members. Ready to help their remittance-sending communities amid the bustle are three Iowa credit unions, money transfer agents through World Council of Credit Unions' (WOCCU) International Remittances Network (IRnet®). The institutions developed their Hispanic outreach strategies through WOCCU's Credit Union Remittances Outreach Program (CUROP) and recently documented their guidelines and best-practice recommendations in a 32-page report, Reaching the Hispanic Market through Remittances.... More

Alabama No. 26 for delinquent mortgages

Fewer Americans were late with their mortgage in the first quarter, with the ratio of borrowers 60 days or more past due at 6.77 percent. That’s down from 6.89 percent in the fourth quarter, according to the latest data from TransUnion.

"The fall in mortgage delinquency is indeed good news for the consumer, the mortgage industry, and the current economic recovery," said FJ Guarrera, vice president in TransUnion's financial services business unit, in a news release.... More

Financial Literacy and Education Commission Launches New MyMoney Website

The Financial Literacy and Education Commission (FLEC) announced the launch of its redesigned financial literacy education website, The new site has enhanced interactive features and utility to provide more resources to Americans seeking information that can inform their personal financial decisions. President Obama recently proclaimed April to be National Financial Literacy Month, and this enhanced online offering is just one of the many steps the Administration is taking to expand financial education and access for the future.... More

The Jump$tart Coalition 2009 Annual Report

Below, please find a link to access a copy of this year's annual report—Bridge to a Greener Tomorrow, and please, accept our thanks not only for all you do to support Jump$tart but also the many activities and programs you conduct throughout the year. ... More