TeachME Financial Literacy
Providing personal finance education resources to Maine residents, teachers and students
STATE TREASURER’S COUNCIL ON FINANCIAL LITERACY
The Maine State Treasurer’s Council on Financial Literacy was formed in 2007 by the Legislature in response to the perceived need for greater financial expertise among Maine citizens. To meet that need, the Legislature tasked the Council to award $50,000 in public non-tax funds in FY2008 and again in FY2009 to public and nonprofit entities that seek to implement programs and projects designed to inform and educate Maine residents on the management of their personal finances. The Council awards grants of up to $10,000 to support financial literacy initiatives for the benefit of Maine residents.
The following programs applied successfully for Council grants in FY2008: Jobs for Maine’s Graduates, Institute for Financial Literacy, Coastal Enterprises, Inc., Junior Achievement of Maine, Maine Centers for Women, Work and Community, Good Will-Hinckley, Phoenix Foundation, and Consumer Credit Counseling Services.
The $50,000 awarded in FY2008 leveraged approximately $400,000 in existing private support for these programs. The majority of the Council’s support went to programs targeting youth and students, thus helping Maine residents enter adulthood with increased knowledge for more informed financial decision-making. Council funding targeted additional needy populations, such as low-income working adults and refugees. Programs that received support from the Council will reach residents throughout every region of Maine.
The Council is chaired by the State Treasurer. Additional members include the Superintendent of the Bureau of Consumer Credit Protection, one member of the Senate appointed by the President of the Senate, one member of the House of Representatives appointed by the Speaker of the House, a business person, a Maine high school student, a Maine college student, a banker, a credit union officer, a Maine investment advisor, a Maine public school teacher, and a member of the public. Scroll down to view the current members of the Council. Staffing to the Council is provided through the Treasurer’s Office.
Council Financial Literacy Grants: Program Summary 2008
Membership of the Treasurer’s Council on Financial Literacy, FY2009:
David Lemoine, Chair
Maine State Treasurer
William Lund, Vice Chair
Superintendent, Bureau of Consumer Credit Protection
Susan Veligor, Secretary
Investment Advisor
John Nutting
State Senator
Pamela Trinward
State Representative
Sarah Crocket
High School Student
Randi Arsenault
College Student
Cathy McKelway
Banker
Scott Harriman
Credit Union Officer
Kelly Littlefield
Public School Teacher
Kathy Crossman
Member of the Public
David Brenerman
Business Person
NO CITIZEN LEFT BEHIND CONFERENCE (November 1- 2, 2007)
Presentation on financial literacy resources delivered by Treasurer Lemoine (Powerpoint)
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The following resources can be used to learn more about building personal money management. The list includes sources of information on financial literacy, saving and investing, and budget and debt management. This guide is not intended to be all-inclusive; there are many additional national, state and local resources that can provide additional information on building wealth for a more secure financial future.
FINANCIAL LITERACY
- America Saves
- (202) 387-6121
- www.americasaves.org
- American Financial Services Association Education Foundation
- 919 18th St., N.W.
- Washington, DC 20006-5503
- (202) 296-5544
- www.afsaonline.com
- American Savings Education Council
- 2121 K St., N.W., Suite 600
- Washington, DC 20037-1896
- (202) 775-9130
- www.asec.org
- Board of Governors of the Federal Reserve System
- 20th & C Streets, N.W.
- Washington, DC 20551-0001
- (202) 452-3000
- www.federalreserve.gov/consumers.htm
- Building Wealth
- http://www.dallasfed.org/ca/wealth/index.cfm
- Choose to Save® Education Program
- Employee Benefit Research Institute/American Savings Education Council
- 2121 K St., N.W., Suite 600
- Washington, DC 20037-1896
- (202) 775-9130
- www.choosetosave.org
- Consumer Credit Counseling Services of Maine
- A Division of Money Management International
- 111 Wescott Rd, South Portland, ME 04106
- (207) 321-2037
- www.CCCSME.org
- Fannie Mae
- 3900 Wisconsin Ave., N.W.
- Washington, DC 20016-2892
- (202) 752-7000
- www.fanniemae.com
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- FDIC’s Money Smart Program
- www.fdic.gov/consumers/consumer/moneysmart/mscbi/mscbi.html
- Financial Services Education Coalition
- "Helping People in Your Community Understand Basic Financial Services"
- Financial Management Service,
- U.S. Treasury
- 401 14th Street, S.W., Room 304D
- Washington, DC 20024-2106
- (202) 874-6908 or
- fax: (202) 874-7321
- Freddie Mac
- 8200 Jones Branch Drive
- McLean, VA 22102-3110
- (703) 903-2000
- www.freddiemac.com
- High School Money Book
- (800) 888-4452
- www.adams-hall.com/hiscmobo.html
- Institute for Financial Literacy
- PO Box 1842449 Forest Ave.
- Portland, ME 04104
- www.financiallit.org
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- Jump$tart Coalition for Personal Financial Literacy
- 919 18th St., N.W., Suite 300
- Washington, DC 20006-5517
- (888) 45-EDUCATE
- www.jumpstartcoalition.org
- National Community Reinvestment Coalition Financial Literacy Campaign
- 733 15th St., N.W., Suite 540
- Washington, DC 20005-2129
- (202) 628-8866
- www.ncrc.org
- National Council on Economic Education
- 1140 Avenue of the Americas
- New York, NY 10036-5803
- (800) 338-1192
- www.ncee.net
- National Endowment for Financial Education (NEFE)
- 5299 DTC Blvd., Suite 1300
- Greenwood Village, CO 80111-3334
- (303) 741-6333
- www.nefe.org
- U. S. Financial Literacy and Education Commission
- Providing financial education resources for all Americans
- www.mymoney.gov
- U. S. Treasury Department
- www.controlyourcredit.gov
- VISA’s FINANCIAL FOOTBALL
- www.practicalmoneyskills.com/football
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- SAVINGS AND INVESTMENT INFORMATION
- Federal Trade Commission
- 600 Pennsylvania Ave., N.W.
- Washington, DC 20580-0002
- (877) 382-4357
- www.ftc.gov
- National Association of Securities Dealers, Inc. (Nasdaq)
- 1735 K St., N.W.
- Washington, DC 20006-1500
- (800) 289-9999
- www.nasdr.com
- New York Stock Exchange (NYSE)
- 11 Wall St.
- New York, NY 10005-1974
- (212) 656-3000
- www.nyse.com
- Securities Industry Association
- 120 Broadway
- New York, NY 10271-0080
- (212) 618-1500
- www.sia.com
- U.S. Department of the Treasury
- Bureau of the Public Debt
- 999 E St., N.W.
- Washington, DC 20239-0001
- (800) 722-2678
- www.treasurydirect.gov
- U.S. Securities and Exchange Commission
- Office of Investor Education and Assistance
- 450 Fifth St., N.W.
- Washington, DC 20549-0001
- (800) 732-0330
- www.sec.gov
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- BUDGET AND DEBT MANAGEMENT
- American Consumer Credit Counseling, Inc.
- 130 Rumford Ave., Suite 202
- Newton, MA 02466-1316
- (800) 769-3571
- www.consumercredit.com
- Center for Student Credit Card Education, Inc.
- http://www.cscce.com/
- Credit Counseling Centers of America
- 888 S. Greenville Ave., Suite 101
- Richardson, TX 75081-5044
- (972) 235-5222
- Consumer Credit Counseling Services of Maine
- A Division of Money Management International
- 111 Wescott Rd, South Portland, ME 04106
- (207) 321-2037
- www.CCCSME.org
- Maine Office of Consumer Credit Regulation
- 35 State House Station
- Augusta, Maine 04333-0035
- (207) 624-8527
- Consumer Toll Free Line: 1-800-DEBT LAW (1-800-332-8529)
- www.maine.gov/pfr/consumercredit/index.shtml
- Myvesta (formerly Debt Counselors of America)
- "Facts for Consumers: Choosing and Using Credit Cards"
- 6 Taft Court, Suite 301
- Rockville, MD 20850-5359
- (800) 680-3328
- www.myvesta.org
- National Foundation for Credit
Counseling
- 8611 Second Ave., Suite 100
- Silver Spring, MD 20910-6320
- (301) 589-5600
- www.nfcc.org
