Maine CU Financial Literacy Council to welcome local and national experts at inaugural Conference in September

August 7, 2017

The Maine Credit Union League and Maine's credit unions commitment to financial literacy continues to grow and that commitment took a significant step with the recent announcement of for the first-ever Maine CU Financial Literacy Conference.  The Conference will be held on Wednesday, September 6, at the CU Service Center in Westbrook. The dynamic program will include local and national speakers who will present on financial education efforts at all ages.

For 15 consecutive years, the Maine Credit Union League has received the national Desjardins Award for Youth Financial Education, a record.  In 2016/17, nearly 8,000 students participated in one of the Financial Fitness - Money Management Experience Fairs, coordinated by Maine's credit unions, and nearly 30,000 consumers of all ages participated in some sort of CU-facilitated financial education this past year.

Mary Dyer of the Finance Authority of Maine (FAME) will kick-off the conference with an overview of FAME's financial education programs, with a special focus on college students. Attendees will then be joined by Christopher Morris of the National Credit Union Foundation (NCUF), who will provide a national perspective on financial education, and discuss some of the Foundation’s recent initiatives and research findings.

Following Morris, CUNA Mutual, the NCUF and the Maine CU Financial Literacy Council will present the Retire on Track Retirement Fair for all attendees to participate in. This program was created to assist credit unions help their members and staff better prepare for retirement. This award-winning fair will help attendees think more carefully about the type of lifestyle they would like to pursue in retirement and how that lifestyle fits into their overall financial plan. Retire on Track is applicable to people of all ages, not just those nearing retirement.

"Financial education is something that Maine's credit unions believe is paramount at any age, and our efforts remain focused on doing all that we can to help Maine consumers to better understand and manage money.  This Conference will help our credit unions extend those efforts," stated Jon Paradise, Vice President of Governmental and Pulbic Affairs for the Maine Credit Union League.