Governor Scott Walker announced today that The Check Your Free Credit Report Campaign, an initiative spear-headed by Peggy Olive, Financial Capability Specialist, and the UW-Extension Family Living Program has been named a recipient of a Governor’s Financial Literacy Award 2017. Olive holds a joint appointment in the UW-Madison Center for Financial Security and UW-Extension Family Living Program, and is recognized with 17 other individuals, businesses, and organizations as recipients of the Award, as selected by the Governor’s Council on Financial Literacy.
“These individuals and organizations are to be commended for their dedication to helping citizens of all ages enhance their personal financial knowledge and skills,” Governor Walker said. “Financial literacy is about equipping people with the tools they need to be financially secure and achieve their goals.”
Noted in the nomination, the University of Wisconsin-Extension, Cooperative Extension Family Living Educators throughout Wisconsin provide financial education to the public through individual coaching, group workshops, community displays, fact sheets, and media releases. Financial education topics include the importance of building, maintaining, and monitoring credit. Using reminder emails and other outreach strategies every four months (2/2, 6/6, and 10/10 of each year, three dates because there are three major credit bureaus), the “Check Your Free Credit Report Campaign” seeks to increase Wisconsin residents’ access and attention to, and understanding of, their credit histories, giving them an opportunity to correct any errors or inaccuracies. Checking a credit report regularly also helps individuals detect identity theft and identify ways to improve their credit.
Since the campaign’s soft roll-out in 2013, 940 individuals across 60 of Wisconsin’s 72 counties have signed up for the reminder e-mails.
(see photo) Last year the Financial Life Skills program was recognized by the Governor’s Council on Financial Literacy for its innovation and impact for UW-Madison students. (pictured L-R: Linda Lepe, Director of Consumer Finance, Gov. Scott Walker, Dean Soyeon Shim)
The recipients will be honored at a ceremony at the Capitol later this year. They were selected from 29 nominations submitted for consideration. Criteria considered during the screening process included innovative implementation, demonstrated measurable results, collaboration with partners, and whether the effort was focused on needs-based groups.
Click here to read the full release from the office of Governor Scott Walker
The Governor’s Council on Financial Literacy was created by Executive Order #24 and held its inaugural meeting in April of 2011. The mission of the Council is to measurably improve the financial literacy of Wisconsin citizens. Council members include:
- Chair – William Wilcox, MCE, President of CBM Credit Education Foundation, Inc., Madison.
- Co-Vice Chair – Jay Risch, Secretary of the Department of Financial Institutions (DFI).
- Co-Vice Chair – Ted Nickel, Commissioner of the Office of the Commissioner of Insurance.
- Executive Director – David Mancl, Director of DFI’s Office of Financial Literacy.
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