DES MOINES, Iowa (9/17/14)--When putting together the Financial Work Team that was charged to review and offer recommendations on Iowa's financial education standards, the state's leaders made sure to include members of the Iowa Credit Union Foundation.
This week, Iowa Gov. Terry Branstad and Lt. Gov. Kim Reynolds were joined by Jamie Miller, the foundation's executive director, and representatives from other financial institution associations, to announce the recommendations the team developed.
The 13-member group was convened by Brad Buck, Iowa Department of Education director, in January.
"We know our children need to be financially literate in order to have a bright future, and many Iowans, including educators, financial service experts and elected officials, have expressed concerns about the status of financial literacy in Iowa," Branstad said.
The recommendations made by the work team were common-sense standards developed by credit unions and other financial institutions, which offer excellent resources in financial literacy throughout Iowa, Branstad added.
In addition to Miller, the work group included representatives from public and private schools, financial services, higher education and the Iowa Department of Education.
The group's recommendations were to: