Nurturing Economic Empowerment Through Financial Education Across Michigan

The Michigan Financial Educators Council’s mission is rooted in providing people with the knowledge and guidance they need to foster greater financial well-being.

To this end, we provide complimentary resources, advocacy campaigns, and local personal support to build scalable financial wellness initiatives throughout Michigan.

Strengthening Michigan with Sustainable Economic Empowerment Programming

The mission of the Michigan Financial Educators Council℠ is to build sustainable, scalable economic empowerment programs that have a real impact on people’s lives at the community level. To accomplishing this mission, we focus on these 3 Pillars:

Pillar 1: Increase Access & Develop Sustainable Financial Education Programming.

Organizations – We provide resources, training, personnel, and support to build scalable financial wellness programming.

Individuals & Families – Resources and courses are provided for those seeking to improve their own finances and/or teach their kids about money.

Pillar 2: Raise Awareness for Economic Empowerment through Financial Education.

Advocacy Promotion Campaigns – We promote the adoption of financial literacy into schools, getting families involved in teaching kids about money, and encouraging individuals to improve their knowledge.

Local Financial Education Data – Conducting and curating Michigan-specific personal finance research to share with stakeholders across the education and media sectors.

Pillar 3: Develop Relationships to Deploy and Sustain Community Financial Wellness.

Combat Financial Illiteracy – This is a crucial moment for our country and its citizens. And financial literacy is the key to addressing one of this country’s top crises.

Grassroots Movement – Join us in the movement to help our community work toward greater financial independence and security. We welcome everyone. Here are a few ways you can join.

Join The Movement

Beneficiaries
Receivers of resources & support.

Supporters
Promote the campaign across the community.

Join Advisory Board
Community leaders of local & state chapters.

Why We Are Uniquely Positioned to Serve

The Michigan Financial Educators Council℠ is a state chapter of the National Financial Educators Council®. The National Chapter is well-qualified to support our initiatives here across the state of Michigan – they bring:

Accreditation

As an IACET Accredited Provider, the NFEC offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard.

Social Impact

As a Certified B Corporation, the NFEC meets the highest standards for socially responsible commerce, using the power of business to build more sustainable economies.

Standards

The NFEC set industry standards for the financial education and financial coaching industry.

NFEC Financial Literacy Standard Alignment Verified

Our Local Champions Across Michigan Make this Possible

Local champions ensure that financial education programming, resources and data are provided complimentary to individuals and organizations throughout Michigan.

Michigan Financial Literacy

While the financial illiteracy epidemic sweeps across the U.S., the Great Lakes State is taking a stand. The Michigan Financial Educators Council℠ is leading a Michigan financial literacy push to build money management capabilities among citizens, by offering them access to resources and information. Organizations and individuals alike can be part of this Michigan financial literacy-raising effort, which is one portion of a broader campaign nationwide. The Michigan financial literacy leadership team is reaching out to communities across the Great Lakes State.

Complimentary Financial Literacy Resources

Financial Education Framework and Standards

Personal Finance eLearning Center

Live Presentation Materials

Financial Literacy Testing

Michigan Financial Literacy Legislation & Educational Stats

The Great Lakes State sits well above the U.S. national average for total numbers of schools, students, and teachers, according to the Common Core of Data compiled by the U.S. DOE’s National Center for Education Statistics as of 2014-15. These data indicated 3,614 Michigan schools (1,972 U.S. average), 1.5 million students (986,521 average), and 85,038 teachers (61,418 average). The Michigan student-to-teacher ratio is a little higher than average (18.09 vs. 16.06).

Financial literacy legislation in Michigan to date has included the passage of H.B. 4390, signed into action by the governor on December 1, 2015. This policy amended the Revised School Code to allow the half-credit economics requirement for a high school diploma to be satisfied by completion of a one-half credit course in personal economics that includes a financial literacy component, according to the National Conference of State Legislatures. Michigan also has designated April as Junior Achievement Financial Literacy Month, and one week in April as Money Smart Week.

Michigan Financial Capability Stats

62%

Average Score of 61.89% to Date

40%

Percentage of Passing [70%] Scores to Date

0
Participants

National Financial Capability Stats

64%

Average Score of 63.17% to Date

49%

Percentage of Passing [70%] Scores to Date

0
Participants

About the Michigan Financial Educators Council℠

The Michigan Financial Educators Council℠ represents a statewide financial literacy push which began in 2017 as part of a national endeavor directed by the National Financial Educators Council® (NFEC®). The two organizations’ combined efforts strive toward building successful community campaigns to achieve common financial education goals.

National Financial Educators Council, State Financial Literacy Standards
National Financial Educators Council, State Chapters

Local champions ensure that financial education programming, resources, and data are provided complimentary to individuals and organizations throughout Michigan.

View Local Champions