TREASURER CAHILL AND THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE PRESENT A SUMMIT ON FINANCIAL EDUCATION

BOSTON, MA – State Treasurer Tim Cahill spoke today before a vast group of financial educators and organizations at a summit coordinated by the Massachusetts Financial Education Collaborative. The Collaborative has been working diligently for the past five months to bring together this Summit on Financial Education. The voluntary group was established with the charge to assist with the implementation of recommendations included in the final report of the Massachusetts Asset Development Commission.

Community-based organizations, financial institutions and public officials had the opportunity to enhance coordination among their existing financial education programs and began to construct a road map for additional public and private investment in financial education.

Treasurer Cahill opened the conference at the Federal Reserve Bank in Boston on Wednesday by describing what the Financial Education Department at the State Treasury is doing to help more citizens of Massachusetts and how all financial educators can improve their delivery by participating in this collaborative effort.

"The Treasury has a significant obligation to educate our citizens about how to manage their finances in a responsible manner," Treasurer Cahill said to the group. "Together, with the individuals and organizations here today, we can help further the main priority of the Financial Education Department, assist citizens in reaching their financial goals."

Treasurer Cahill oversees the Treasury’s Financial Education Department, which includes Money Conferences for Women and Families, the Saving Makes "Cents" program, which is geared toward elementary school students, and Brown Bag Lunch Series, a financial planning luncheon series. Other programs included in the Financial Education Department of the Treasury are Smart Retirement & Beyond, Tomorrow's Money, a program geared to help people become educated about investing and saving and Caution with Credit, a program aimed at educating college students about credit card use. For more information regarding these programs visit http://www.mass.gov/treasury/financialed or call (617) 367-6900.

Timothy P. Cahill serves as Massachusetts State Treasurer and Receiver General. He was sworn in for his second term on January 17, 2007. As the Commonwealth’s Chief Financial Officer, Cahill brings a business-minded approach to managing the state’s finances and has implemented better business practices in the Treasury’s departments and affiliated agencies. Prior to his election in 2002, Cahill served as Norfolk County Treasurer from 1997-2002, as a Quincy City Councilor from 1987-2003, was a small business owner, and the author of a book about local businessmen. He is a graduate of Boston University and a recipient of the 2007 Eisenhower Fellowship. Treasurer Cahill lives in Quincy with his wife, Tina, and their four daughters.

Coordinators include: Action for Boston Community Development, Inc. (ABCD); AFL CIO; Bank of America; Boston Alliance for Economic Inclusion; Boston Earned Income Tax Credit Coalition; Boston Private Bank; Cambridge Housing Authority--Resident Services Department; Citi; Citizens Bank; Commonwealth of Massachusetts Deferred Compensation SMART Plan; Community Teamwork, Inc.; Crittenton Women's Union; DotWell; Federal Reserve Bank of Boston; Financial Planning Association of Massachusetts; Greater Boston Interfaith Organization; Institute on Assets and Social Policy, Brandeis University; Internal Revenue Service; Life Skills Productions; Massachusetts Association for Community Action Programs; Massachusetts Association of Older Americans, Inc.; Massachusetts Bankers Association; Massachusetts Community & Banking Council; Massachusetts Council on Economic Education; Massachusetts Credit Union League, Inc.; Massachusetts Department of Elementary and Secondary Education; Massachusetts Department of Housing and Community Development; Massachusetts Educational Financing Authority; Massachusetts Jump$tart Coalition; Massachusetts Money Management Program; Massachusetts Society of CPAs, Inc.; Office of the Comptroller of Currency; Social Security Administration, Boston Regional Office; Start Money Smart; The Massachusetts Institute for a New Commonwealth (MassINC); The Midas Collaborative; The Commonwealth of Massachusetts Office of Access and Opportunity; The Office of Massachusetts State Treasurer & Receiver General; United Way of Massachusetts Bay and Merrimack Valley; Valmo Ventures; Women's Bureau - U.S. Department of Labor; YWCAs of New England.

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