Financial Education & Literacy News

Below you will find what's new regarding financial education and literacy in Washington State.

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• DFI Encourages Teachers To Sign Up For The National Financial Literacy Challenge
  DFI is encouraging all Washington high school teachers to sign their classrooms up for the National Financial Literacy Challenge. The Challenge is a voluntary, 35-question test that students can take online to earn recognition of their financial knowledge.
  
  The challenge is being offered Nov. 3 - Dec. 12, 2008.
  
  For more information, visit www.flc.treas.gov.
• FDIC & NCUA Temporarily Increase Insurance Coverage To $250,000
  On October 03, 2008 President Bush signed into law the emergency Economic Stabilization Act of 2008. The law raises the FDIC and the National Credit Union Share Insurance Fund deposit insurance limits from $100,000 per account to $250,000 until December 31, 2009.
  
  Are My Deposits Safe? Information from DFI
• DFI Encourages Investors To Make Informed And Researched Decisions
  DFI is urging Washington State investors to make informed decisions about their long-term financial holdings and to seek the advice of a trusted investment adviser or financial planner before making any sudden moves with their money, particularly during the ongoing market volatility and unprecedented turmoil on Wall Street.
  
  Learn More About Making Informed Decisions
• Bank On Seattle-King County
  On September 22, 2008 DFI helped launch the Bank on Seattle-King County initiative. Bank on Seattle-King County is a public and private initiative to connect people without checking and savings accounts to affordable mainstream financial services, including checking, savings, credit, and financial education opportunities.
  
  Bank on Seattle-King County will provide people with alternatives to paying more than they need to for financial services, in order to help them on a pathway to economic stability and success.
  
  To learn more, visit www.everyoneiswelcome.org.
• FAQs Regarding Recent Market Changes
  DFI has put together a Web page to answer some of the frequently asked questions regarding recent changes in the economy.
  View FAQs
• Free Money Savvy Kids & Money Savvy U Curriculum Available
  DFI is offering free Money Savvy Kids and Money Savvy U curriculum to elementary and middle school classrooms across the state.
  Learn more about Money Savvy Kids & Money Savvy U
• Are My Deposits Safe?
  DFI recently published information regarding safety of deposits in Washington banks and credit unions.
  View Are My Deposits Safe?
• "Get Smart About Your Money" September 2008 - Seattle Times Newspaper Insert
  On September 09, 2008, an updated version of the "Get Smart About Your Money" newspaper insert ran in the Seattle Times.
  
  View a copy of the newspaper insert (PDF)*.
  
  Copies of the insert are being distributed to local high schools and colleges.
  
  If you're interested in receiving hard copies of the insert, email Jeremy Lushene at jlushene@dfi.wa.gov.
• DFI Director Writes Letter To Members Of The FFIEC Regarding The Need For Financial Literacy Outreach Efforts Nationally And In Washington
  DFI Director Scott Jarvis recently wrote a letter to members of the Financial Institutions Examinations Council (FFIEC) expressing the need for financial literacy outreach efforts both nationally and in Washington State.
  
  View the letter Scott sent (PDF)*
  View response from members of the FFIEC (PDF)*
• "Money Talks" Financial Literacy Blog
  DFI recently launched its "Money Talks" financial literacy blog. The blog will feature financial literacy news and developments in Washington State. View the blog.
  
• Work Group Assessing Financial Literacy In Washington, Seeks To Increase Statewide Consumer Education
  Responding to Governor-sponsored legislation to assess financial literacy in Washington State, the Washington Financial Literacy Work Group was created.
  
  Members of this work group will determine the status of financial literacy in Washington State and define what action is necessary to increase financial literacy at all age levels. The group will provide regular interim reports on their findings and submit a final report to the governor and legislature by Dec. 1, 2008.
  
  Visit Work Group Web Site

* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.

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