State of Montana
For Immediate Release:
March 13, 2015
Contact: Melanie Hall, Commissioner, Division of Banking and Financial Institutions
Montana Financial Education Group Gets National Award
Helena - A Washington, DC-based organization recently announced that the Montana Financial Education Coalition (MFEC) was selected for a national award because of its creative and comprehensive work to improve the personal financial literacy of students in pre-kindergarten through college. The organization, the “Jump$tart Coalition for Personal Financial Literacy,” selected Montana’s efforts as the “2015 Jump$tart State Coalition of the Year.”
“Financial literacy is critical to the economic security of all Montanans and to the success of Montana’s Main Street communities,” said Governor Steve Bullock. “Montana’s Coalition works hard to teach people of all ages lessons about budgeting, saving, buying a home, credit management, and financial fraud, and I commend them for the important work they do.”
MFEC is a collection of Montana’s financial institutions, government and non-profit organizations, businesses, and interested individuals who believe that financial literacy is essential to economic advancement. MFEC is responsible for the development of an online Financial Resource Education Database (FredMT.org), which enables consumers to search for financial education resources and service providers.
The award recognizes the MFEC's Board members’ exemplary efforts and grassroots accomplishments which have reached thousands of Montanans this year. The Board includes representatives from the Federal Reserve Bank, the Montana Division of Banking and Financial Institutions, the Montana Board of Housing, NeighborWorks, AARP, the Commissioner of Securities and Insurance office, the Attorney General's office, the Office of Public Instruction, the Montana Bankers Association, the Montana Credit Unions for Community Development, Rural Dynamics, Homeword, First Interstate Bank Foundation, Wells Fargo, Women's Foundation of Montana, MSU Extension, Rep. Jenny Eck, Student Assistance Foundation, EverFi, Native American Community Development Corp., the Montana Committee for Economic Education, and the Montana School Boards Association.