Alliant CEO Featured Speaker at Global Financial Literacy Summit

06/17/2009 • Alliant News • Press Releases

CHICAGO, IL (June 17, 2009) - David W. Mooney, President and Chief Executive Officer of Chicago-based Alliant Credit Union, made a business case for financial literacy as a tool for economic recovery and sustainability, as a featured speaker at the first Global Financial Literacy Summit in Washington, DC. The summit, headlined by Federal Reserve Chairman Ben Bernanke, was sponsored by Operation HOPE, America's leading nonprofit social investment banking and financial literacy empowerment organization.

Alliant Credit Union is an Operation HOPE partner, offering financial support to its cause. And Alliant employees serve as volunteers to teach middle school students basic principals of personal financial management, in addition to working with Alliant's employer group sponsors to promote financial literacy in the workplace.

Mooney's comments focused on the benefits of financially literate consumers, as not only "better" borrowers and savers, but also as a means to temper business and credit cycles, specifically reducing excessive consumer borrowing, defaults and bankruptcies.

Mooney cited Alliant's commitment to help remedy today's economic crisis by making a financial investment to fund a charitable foundation whose primary focus is financial literacy, free financial education and counseling. Additionally, he said, Alliant employee volunteers have conducted more than 250 free "Banking On Our Future" classes for over 2,000 middle school students on company time in the past three years.

The Global Financial Literacy Summit was launched in response to the global economic crisis, with the goal of framing the issue of financial literacy not as an option, but rather as a core ingredient to mid-to-long term economic recovery.

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About Alliant ...
Alliant Credit Union, founded in 1935, is a not-for-profit, independently operated financial cooperative serving over 140 employee groups with more than 250,000 members and over $ 6.0 billion in assets, making it the largest credit union in Illinois, and the seventh largest in the nation, based on asset size.

As a member-owned financial institution, Alliant exists to foster members' financial well-being and to serve their best interests. Alliant, headquartered in Chicago, Illinois at 11545 W. Touhy Avenue, is an Illinois-chartered credit union, and as such, is under the supervision of the Illinois Department of Financial and Professional Regulation. Alliant, an equal housing lender, is federally insured by the National Credit Union Share Insurance Fund, which is administered by the National Credit Union Administration, an independent agency of the U.S. government. Alliant's main telephone number is 800-328-1935.

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