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Treasury establishes Office of Financial Education

WASHINGTON-The Treasury Department announced the establishment of the Office of Financial Education (OFE) May 7 with the goal of improving U.S. financial literacy levels. OFE will develop and implement financial education policy initiatives and oversee Treasury's outreach efforts. Treasury recognized Assistant Secretary for Financial Institutions Sheila Bair, whom CUNA and...

By Staff Writer | Updated on May 14, 2002

<p>WASHINGTON-The Treasury Department announced the establishment of the Office of Financial Education (OFE) May 7 with the goal of improving U.S. financial literacy levels. OFE will develop and implement financial education policy initiatives and oversee Treasury’s outreach efforts. Treasury recognized Assistant Secretary for Financial Institutions Sheila Bair, whom CUNA and NAFCU has met with on several occasions, and U.S. Treasurer Rosario Marin as leading the agency’s effort to spread financial knowledge nationwide in all age groups. Deputy Assistant Secretary for Financial Education Judy Chapa will head up OFE. “The creation of this office is a tremendous step forward for the cause of financial literacy,” Marin said. Chapa has more than 15 years of experience in marketing, public and government relations and community affairs, including her previous service as manager of external affairs for Miller Brewing Co., and other marketing jobs. She earned a bachelors degree in broadcast journalism from the University of Texas in 1981.</p>

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