Washington State Department of Financial Institutions

News Release

Thursday, February 14, 2013


Lyn Peters, Director of Communications
PH (360) 902-8731 lyn.peters@dfi.wa.gov

Patrick Mitchell, Investor Protection Trust & Investor Protection Institute
PH 703-276-3266, pmitchell@hasingsgroup.com


DFI Announces Limited Pilot Expansion Of Investor Education In Your Workplace® Program In Washington

Leadership from state-chartered banks and credit unions, Washington military personnel, AmeriCorps, and financial education teachers are being offered 10-week investor education course

OLYMPIA – The Washington State Department of Financial Institutions (DFI) announced today it is expanding the pilot program of the award-winning Investor Education in Your Workplace (IEiYW) program, making it available to up to 600 state-chartered bank and credit union employees, military personnel, AmeriCorps leadership members, and financial education teachers throughout the state.

The 10-week-long IEiYW program runs from May to August of this year. Participation will be on a first-come, first-served basis. For more information, contact Lyn Peters at 360-902-8731.

Interested parties can register for an informational webinar online at http://www.ieiyw.com/webinars. Webinar sessions will be held February 21, and February 28, March 5 and March 13 at noon PST.

IEiYW is an award-winning online financial and investment education program for employers to help educate their employees about long-term savings and investment options such as 401(k), 403(b) or related retirement plans.

Due to the success of this program, Washington’s DFI requested and was awarded a grant from the nonprofit Investor Protection Trust (www.investorprotection.org) to make the IEiYW® program (valued at $100 per student) available to 600 leadership staff from other entities throughout Washington.

The IEiYW program already has been fielded tested nationwide by more than 15,500 employees working at nearly 400 companies.

Resources for Participants

About IEiYW
Investor Education in Your Workplace provides investor education and protection to individuals in their workplace. The Investor Protection Trust is collaborating with the Investor Protection Institute, state securities regulators and state credit union associations to provide online investor education and protection curriculum to credit union employees in participating states. The program was piloted with credit union employees and educators in Wisconsin, Pennsylvania and North Carolina. The pilot programs have shown strong results including a 27 percent improvement in knowledge for teachers in Wisconsin and a 38 percent and 47 percent improvement in knowledge for credit union employees in Pennsylvania and Wisconsin, respectively. The IEiYW program has now been expanded into 14 states, the District of Columbia and Puerto Rico and to additional employer groups. Course topics include: saving & investing, personal finance, investing basics, investment strategies, investment risks, retirement planning, retirement plan options, mutual funds, financial advisors and putting it all together.

About DFI
www.dfi.wa.gov ▪ 360.902-8700 ▪ 877.746-4334
The Washington State Department of Financial Institutions regulates a variety of financial service providers such as banks, credit unions, mortgage brokers, consumer loan companies, payday lenders and securities brokers and dealers. The department also works to improve financial education throughout Washington through its outreach programs and online clearinghouse www.dfi.wa.gov/financial-education. In addition to posting information about licensees and administrative actions, DFI uses the Web and social media to provide financial education information: http://www.twitter.com/FinEd4All, www.twitter.com/DFIConsumers, www.finlit.blogspot.com, www.youtube.com/user/WADFI, www.homeownership.wa.gov.

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