Nurturing Economic Empowerment Through Financial Education Across Maine

The Maine 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 Maine.

Strengthening Maine with Sustainable Economic Empowerment Programming

The mission of the Maine 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 Maine-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 Maine 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 Maine – 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 Maine Make this Possible

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

Maine Financial Literacy

Across Maine, financial literacy awareness and skills are being raised by a new undertaking. The Maine financial literacy campaign is led by the Maine Financial Educators Council℠, and is part of a national movement that gives individuals and organizations access to financial literacy resources and information. The goal in the Pine Tree State is to improve Maine financial literacy levels, building community capacity and goodwill in the process.

Complimentary Financial Literacy Resources

Financial Education Framework and Standards

Personal Finance eLearning Center

Live Presentation Materials

Financial Literacy Testing

Maine Financial Literacy Legislation & Educational Stats

How many total schools are located across Maine? The state education profile compiled by the CCD (Common Core of Data) in 2014-2015 indicates 620, versus a 1,972 average across the U.S. Maine’s student/teacher ratio, 12.22, is more favorable than the 16.06 national average. Maine has 182,470 students and 14,936 teachers (national averages: 986,521 and 61,418, respectively).

Two laws were enacted in Maine in 2015 related to financial literacy. First, L.D. 417 directs the Commissioner of Education to identify best practices in financial literacy education, develop technical assistance to aid high schools in implementing personal finance instruction in social studies and math classes, and prepare an annual report describing strategies and resources for implementing such instruction. The second law, L.D. 1348, relates to personal finance management assistance for the elderly and disabled.

Maine Financial Capability Stats

61%

Average Score of 61.28% to Date

48%

Percentage of Passing [70%] Scores to Date

0
Participants

National Financial Capability Stats

64%

Average Score of 64.26% to Date

49%

Percentage of Passing [70%] Scores to Date

0
Participants

About the Maine Financial Educators Council℠

The Maine Financial Educators Council℠ came into being in 2017, to support a broader effort led by the National Financial Educators Council® (NFEC®). The mission of NFEC® is to help community organizations work toward mutual objectives for financial education.

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