News Banner

October 2, 2008 -- (An opinion from CAJump$tart Advisory Group member Lori Mackey, Founder Prosperity4Kids, Inc.) -- How you talk to your kids about the financial crisis depends on how it is personally affecting your family. Children do not have enough knowledge about money and the financial crisis to understand what is going on. This is a complicated issue for the majority of kids and they will have a hard time understanding. However, no matter what your child knows, take this time to assure your children that you are there to protect and take care of them. Children did not create the problem adults did. The lesson for parents is to take this time to start teaching your children differently when it comes to money!

September 29, 2008 -- Governor vetoed Assemblyperson Ted Lieu's AB 1502 on financial literacy   
 
To the Members of the California State Assembly:
I am returning Assembly Bill 1502 without my signature. While I acknowledge that teaching students the importance of financial literacy is meritorious, school districts already have the flexibility to incorporate money management into their lesson plans. Moreover, the State Board of Education adopted content standards are developed by a diverse group of experts and are intentionally broad in order to allow coverage of various events, developments, and issues.  I continue to believe that the State should establish rigorous academic standards and frameworks, but refrain from being overly prescriptive in specific school curriculum. For this reason, I am unable to sign this bill.

Sincerely,
Arnold Schwarzenegger

September 3, 2008 - (New York) -- The Peter G. Peterson Foundation (website) today announced several initiatives leveraging new media, popular media, and other innovative means to engage young people and the business sector in the growing challenges that threaten our financial future, and mobilize them to take corrective action. America is currently burdened with $53 trillion in obligations - $175,000 per American - due to its addiction to debt, near-zero national and personal savings rates, and rising costs for health care and programs like Social Security and Medicare.

These efforts include the purchase of the feature documentary "I.O.U.S.A.," an early version of which premiered at the Sundance Film Festival and which will be released in select cities in August 2008. They also include $5.27 million in grants to support the creation of new tools to help young people learn about public and personal finance, and to enable citizens and business leaders to demand change from their elected officials. 

Members From Bay Federal CU and Greater Nevada CU Receive $500 Scholarships for College

July 23, 2008 - The California and Nevada Youth Involvement Network (CNYIN), a volunteer organization supported by the California and Nevada Credit Union Leagues, has awarded $500 scholarships to three high school and college students from California and Nevada for winning entries in the Network’s annual essay contest.

January 22,2008 - Washington, DC, President George W. Bush today signed an executive order that established the President’s Advisory Council on Financial Literacy within the U.S. Department of Treasury. Laura Levine, executive director of the Jump$tart Coalition® for Personal Financial Literacy, has been appointed to the Council and was at the White House for the announcement today.