[Congressional Record (Bound Edition), Volume 148 (2002), Part 8]
[Senate]
[Page 11568]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 SALUTING SOUTH CAROLINA CREDIT UNIONS

 Mr. HOLLINGS. Mr. President, as we watch our budget deficits 
going up, up, and away, I take solace in knowing that today in South 
Carolina we are teaching our teenagers the real value of money.
  The South Carolina Credit Union League, in conjunction with the 
Clemson Cooperative Extension, is furnishing materials to teachers 
throughout the State to help build financial literacy among our 
teenagers. Teenagers spend $155 billion a year nationwide, yet only 10 
percent have any financial training in high school. It is imperative 
that they learn, as early as possible, sound fiscal habits. I thank the 
credit unions in South Carolina for taking on this initiative, which is 
part of a nationwide effort, spearheaded by the National Endowment for 
Financial Education.
  To recognize the important role high school teachers play in this 
effort, the credit unions also recently named Sue Dillon, a teacher at 
Spring Valley High School in Columbia, SC, as the Financial Literacy 
Educator of the Year. Her commitment to students' financial knowledge 
is reaching hundreds of young people in five South Carolina schools. 
Since today's high school graduates stand to earn more than $1 million 
as adults, the lessons Ms. Dillon teaches may be some of the most 
valuable her students ever learn. I congratulate her on receiving this 
honor.

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