N.J. CUs Sponsor NJCFE Financial Literacy Symposium, Gentile Kicks Off the Meeting

Posted by Marissa Anema Thursday, December 08, 2011 11:30:00 AM

MERCERVILLE, N.J. – New Jersey credit unions, through their partnership with the New Jersey Coalition of Financial Education (NJCFE) forged earlier this year, sponsored NJCFE’s 5th Annual Financial Literacy Symposium held on Wednesday, December 7th.

The Financial Literacy Symposium is the cornerstone of NJCFE’s calendar year, and with the theme of “Community Financial Survival Kit”, the event offered up a broad range of information from financial and education experts.

NJCUL President/CEO Paul Gentile speaks on N.J. credit unions' dedication to financial literacy.

Kicking off the event, Maryanne Evanko, NJCFE Chairwoman, and Michael Drulis, NJCFE Executive Staff, introduced NJCUL President/CEO Paul Gentile, the morning’s keynote speaker. Drulis explained that N.J. credit unions became involved with the NJCFE “just in the nick of time”, helping the organization expand its reach into New Jersey communities.

Gentile stressed the importance of financial literacy in New Jersey and confirmed N.J. credit unions’ commitment to this cause. He showed slides during his presentation that provided some startling data on saving vs. spending as well as growing debt and unemployment in this state and across the nation. Financial literacy is a key component to helping consumers make better financial decisions, Gentile said, and through their many offerings, including Webinars, seminars, and the ever-popular Reality Fairs program, New Jersey credit unions are dedicated to spreading financial literacy. “New Jersey credit unions want to partner with organizations to bring financial literacy to New Jersey consumers,” Gentile said.

He noted that New Jersey credit unions' sponsorship of NJCFE is made possible by the generous contributions of the New Jersey Credit Union Foundation and New Jersey credit unions that support the sponsorship.

The remainder of the day was filled with breakout sessions on topics ranging from credit scores and social security to saving strategies and entrepreneurship.

During the Luncheon Award Ceremony & Keynote Address in the afternoon, Muriel F. Seibert, known as the first woman of finance, presented the Muriel F. Seibert Lifetime Achievement Award to Reverend Dr. DeForest B. Soaries, Jr. The reverend wrapped up the event by discussing his experiences—both good and bad—with personal finance and how his church, along with his credit union, is helping members improve their financial health through financial literacy and empowerment.

Look for more pictures from the even in this Friday’s Weekly Exchange and on NJCUL’s Facbeook page at www.facebook.com/NJCUL.


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