Youth fin. ed. charge led by N.Y. CUs, Mellin writes
April 13, 2015
ALBANY, N.Y. (4/14/15)--Financial education should be a critical part of any school's curriculum, and New York's credit unions are taking a leadership role in this effort, New York Credit Union Association President/CEO William J. Mellin wrote in a letter to the editor that appeared in the Sunday edition of the Times Union.
In the letter, Mellin called on all New Yorkers to make financial education a priority. He cited an "alarming" PBS NewsHour study that found U.S. teens ranked below their peers in other developed economies on financial literacy knowledge.
"April is National Financial Literacy Month, and now is the time to have a serious discussion about how we are (or aren't) preparing our young people to deal with real-world financial issues," wrote Mellin. "New York can be a leader in this area, and in fact, the state's credit unions already are."
New York credit unions provided 14,000 financial lessons at schools, reaching more than 230,000 students and 172,000 adults in 2014, Mellin wrote. "Those are impressive numbers, but we all have to do more, and credit unions can't do it alone," he added.
The Sunday edition of the Albany-based Times Union, which covers the four-county Capital Region and surrounding areas, has a readership of more than 125,000.