SOUTH PORTLAND, Maine (4/14/14)--The Institute for Financial Literacy (IFL) recognized credit unions' commitment to financial education with three of its Excellence in Financial Literacy Education (EIFLE) awards.
EIFLE awards promote the effective delivery of consumer financial products, services and education. IFL's mission is to promote effective financial education and counseling. It sets the national standards for adult financial literacy education and administers the Center for Consumer Financial Research.
A+ FCU, a $1 billion-asset credit union in Austin, Texas, was honored for its youth financial camps for their success in teaching children income planning and money management.
"As a credit union founded by educators nearly 65 years ago, it is part of our culture to provide financial literacy education to the communities we serve," said CEO Kerry A.S. Parker. The programs have reached more than 400 students in the Greater Austin area.
In the category of education program of the year, income and careers for children, IFL honored America's Credit Union Museum's CU 4 Reality financial education program. Forty-one credit unions and leagues use the program that takes hands-on approach with practical application of budgeting.
Ingrid Adade, financial education officer at $633 million-asset Leominster CU, Boston, was named educator of the year. Adade gives financial education presentations to all ages, including elementary-age students who are visited by "Grandma Moneybags" and college students who learn about financial well-being and career development during her "Finding Easy Street" seminar. Additionally, she was named a credit union hero by Banker and Tradesman (9/18/13).