Nearly three years after employees at Wisconsin's credit unions started participating in an investor education project, the latest update revealed an improvement in financial behavior.
In 2009, the Investor Protection Trust partnered with the Wisconsin Credit Union League and others for the Investor Education in Your Workplace program, also titled Real Progress and Pathways to Prosperity. The goal was to recruit credit unions in Wisconsin to enroll their employees in an online investor education program to see whether the education led to knowledge gains and behavior changes.
The Filene Research Institute recently released the most current outcomes. Wisconsin employees' scores on interest and credit responses rose 3% to 4% following the education modules. Scores for knowledge of investing for retirement rose 11%, 21% for knowledge of stocks and bonds, and 25% for knowledge of investor information available online.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
