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Financial Literacy Day A Hit In NYC

NEW YORK - One hundred representatives from more than 40 organizations celebrated the 2nd Annual Financial Literacy Day in New York. The National Federation of Community Development Credit Unions brought together bankers, credit union leaders, consumer advocates, and government officials to discuss effective strategies to promote financial literacy. St. Mark's...

By Staff Writer | Updated on November 04, 2003

NEW YORK – One hundred representatives from more than 40 organizations celebrated the 2nd Annual Financial Literacy Day in New York. The National Federation of Community Development Credit Unions brought together bankers, credit union leaders, consumer advocates, and government officials to discuss effective strategies to promote financial literacy. St. Mark’s Church and Federal Credit Union hosted the October 17th event in Harlem. “There needs to be a vision of financial literacy based not on today’s costs, but on tomorrow’s benefits,” said keynote speaker Dennis Dollar, chairman of the National Credit Union Administration. “We cannot sit here and say that this is an investment that we cannot afford to make.” Dollar’s words were reinforced by leading representatives of the banking industry, including Takuya Honjo, President and CEO of Mizuho Corporate Bank (USA); Stacey Cooper, Senior Vice President for North Fork Bank; and Jos Rivera, Community Development Officer for Fleet Bank. Frank Kerbein, Executive Director of the New York Credit Union Foundation spoke of the importance of financial literacy in youth education. “Teenagers control billions of dollars,” Kerbein said. “They are a powerful group that needs to be educated about their finances.”

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