The Office of State Treasurer oversees and orchestrates the work of the Utah Council on Financial and Economic Education, administers the Stock Market Game, and actively participates in the review and revision of the General Financial Literacy Strands and Standards and end-of-course exam.
Utah Council on Financial and Economic Education
The Utah Council on Financial and Economic Education (UCFEE), chaired by Treasurer Damschen, was established by legislative resolution (SCR 3) in 2009 to ensure improved financial and economic education in Utah through the collaboration of private and public entities that engage in teaching financial principles and that share a commitment to empowering Utahns to achieve economic stability, opportunity, and upward mobility.
UCFEE works to:
- Advocate for and strengthen financial education requirements and programming within the public education system.
Local and national studies have found that students who take a financial literacy course have greater financial knowledge and improved behavior during their lifetime. Proper financial education teaches our youth critical financial concepts, and our robust and specific competency-based standards set us apart as the leader in the space. The state mandate requiring students to complete a financial literacy course in order to graduate equips more students with the knowledge and skills they need to make informed financial decisions and establishes a framework for Utah schools to provide quality financial education to students. A primary objective of UCFEE is to defend and strengthen Utah’s K-12 financial education requirements.
- Identify and support programs that empower individuals and families to achieve economic stability, opportunity, and upward mobility.
UCFEE identifies and supports programs that enhance the financial capability of Utahns. The council has the greatest impact by focusing its limited resources on specific, goal-oriented initiatives.
- Promote collaboration among UCFEE partner organizations.
UCFEE stands as a singular, neutral, and official convener to facilitate ongoing collaboration among partner organizations, fostering an awareness of existing resources and initiatives that promote financial wellness in Utah. This awareness can enhance the effectiveness of individual efforts and the overall financial wellbeing of Utahns.
UCFEE is chaired by the state treasurer and includes participation by more than 50 private and public entities that share a common mission to increase the financial capability of Utahns. UCFEE participants represent various interests that support consumer financial capability in Utah.
- Utah Office of State Treasurer
- Davis County Chamber
- Salt Lake Chamber of Commerce
- Utah Department of Workforce Services
- Utah Division of Consumer Protection
- Utah Division of Real Estate
- Utah Division of Securities
- Utah Division of Unclaimed Property
- Utah Retirement Systems
- Utah Housing Corporation
- Internal Revenue Service
K-12 FINANCIAL EDUCATION
- Utah State Board of Education
- Utah Jump$tart Coalition
- Financial Literacy Teacher Representatives
- Personal Money Management Centers
- Utah Higher Education Assistance Authority
- Utah System of Higher Education State Board of Regents
- AAA Fair Credit Foundation
- Take Care Utah
- Community Action Partnership of Utah
- Cottages of Hope Inc
- Junior Achievement of Utah
- People Helping People
- United Way of Salt Lake
- Utah Association of Certified Public Accountants
- Utah Financial Empowerment Coalition
- America First Credit Union
- Cyprus Credit Union
- Federal Reserve Bank of San Francisco
- U.S. Bank
- Utah Bankers Association
- Utah's Credit Unions
- Washington Federal
- Wells Fargo
- Zions Bank
- Utah Valley University Women's Leadership Project
- Women's Business Center of Utah
- Women's Leadership Institute
- The Church of Jesus Christ of Latter-Day Saints
- You Need A Budget (YNAB)