Department of Financial Institutions
Celebrate ‘Kentucky Saves Week’ at the Capitol
FRANKFORT, Ky. – (Feb. 20, 2012) – The Kentucky Department of Financial Institutions (DFI) will take part in a “Kentucky Saves Week” celebration at the state capitol on Wednesday, Feb. 22, beginning at 9 a.m. The general public and the media are invited to attend.
WHO: Executive Assistant to the Governor Colmon Elridge III, DFI Commissioner Charles Vice, University of Kentucky Cooperative Extension Service Professor Jennifer Hunter, Kentucky Jump$tart Coalition for Personal Financial Literacy President Kelly May and sudent contest winners
WHAT: Kentucky Saves Week celebration. Students will receive recognition for their participation in the Kentucky Jump$tart Coalition poster contest and UK Cooperative Extension Service piggy bank contest. Winning entries will be on display at the capitol.
WHEN: 9 a.m. Wednesday, Feb. 22
WHERE: Capitol Rotunda in Frankfort
Gov. Steve Beshear has issued a proclamation declaring the week of Feb. 19-25 Kentucky Saves Week. The Kentucky Saves campaign is part of the nationwide America Saves effort that focuses on making household savings a priority and helping individuals work toward financial stability. Recent economic conditions have highlighted several years of minimal household savings, and many families have found themselves without sufficient savings to deal with the stresses of the financial crisis. The Kentucky Saves effort – http://www.kentuckysaves.org/ – promotes positive saving habits to help Kentuckians work toward financial stability.
DFI participates in Kentucky Saves Week and related campaigns through a variety of activities, such as speaking at public events and supporting the financial literacy efforts of Kentucky Jump$tart and its partners statewide.
New this year, Kentucky supports Military Saves Week with the “Financial Field Manual” for military families’ personal finances. DFI will provide free copies of this resource to military personnel on bases and to military families under a partnership of the Investor Protection Trust (IPT), the Investor Protection Institute (IPI), the Council of Better Business Bureaus (CBBB) and Kiplinger’s Personal Finance Magazine. Written in Kiplinger’s accessible style by contributing editor Kimberly Lankford (a military spouse), the newly revised guide focuses on the key issues that can help military families make informed investing decisions, protect their money and their families, and take charge of their financial lives.
Kentuckians can always find information about avoiding fraud and saving and investing wisely – including the new military guide – at http://kfi.ky.gov/public/Pages/invest.aspx.
DFI, which traces its origin to the Banking Act of 1912, is an agency in the Public Protection Cabinet. For 100 years it has supervised the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI’s mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities.