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Governor's Awards recognize credit union efforts

Jan 26, 2018
By Christine Henzig, Director of Communications
Under:
  • League News
  • News

Updated 2/16 

Wisconsin's top honor for financial education has again recognized credit unions - this time, one credit union, a coalition that involved credit unions, and a program that your League and credit unions have sponsored for well over a decade to improve the financial capability of teachers and students.

What

The Governor's Financial Literacy Awards recognize efforts toward financial empowerment that demonstrate innovative implementation, measurable results, collaboration with partners and scalability.

The honor is bestowed by the Governor's Council on Financial Literacy, and this year honors a total of 14 individuals, businesses and organizations. 

All winners were congratulated by the Governor at a ceremony in Madison.

Who

Educators Credit UnionEducators Credit Union

Educators Credit Union has been honored with an Organizational award for Innovation for its EverFi program. Victor Frasher, CUDE, (right) accepted the award from the Governor.

Victor Frasher, CUDE, accepts Educators' AwardThe program:

  • is a digital financial education program for middle through high school students; Educators works with districts, schools and classrooms to provide the materials to students and support teachers.
  • tracks test scores in multiple categories, such as credit scores, investing, renting vs. owning, saving and financing higher education. 
  • improved student learning as much as 59% among 4,587 students at 75 schools last year, having provided 11,630 hours of learning​.

Read the full nomination explaining more.

The National Institute of Financial & Economic Literacy

The National Institute of Financial & Economic Literacy has been honored with an Innovation award for helping to better prepare Wisconsin's financial educators to bring financial learning to their classrooms.

The program:

  • is a nationally recognized teacher training institute held each summer at Edgewood College in Madison, providing three weeks of instruction and three graduate credits per week. 
  • has graduated 900 educators, 594 of which are teaching in Wisconsin.
  • has touched more than 45,000 K-12 students in Wisconsin who learn from these teachers.National Institute of Financial and Economic Literacy
  • has been sponsored by The League since its inception in 2001.
  • enrolls local teachers sponsored by credit unions and even credit union employees who attend to boost their knowledge as financial educators. 
  • helped many Wisconsin school districts implement their own graduation requirements for student financial capability prior to recent enactment of a credit union-supported state law requiring districts to offer personal finance training.

Chris Schell of Summit CU (red tie) helped accept the award for the WI Coalition on Student DebtWisconsin Coalition on Student Debt, Inc.

UW and Summit Credit Unions participated in a group effort that researched solutions that address student debt and held student loan-related events during Money Smart Week. Chris Schell of Summit Credit Union (red tie, right) helped accept the honor. ​

Why

The Governor's Council's mission is to measurably improve the financial literacy of Wisconsin citizens by encouraging innovation in financial education as well as advise the Governor and the state Office of Financial Literacy.

How

Wisconsin credit unions are encouraged to apply for this honor when the application period opens in December, 2018.