Press Releases


For Immediate Release
February 01, 2008 Contact: Charles Evenson
608-266-2026

DFI’s Mancl Appointed to President’s Advisory Council on Financial Literacy

Wisconsin is Only State to Have Its Own Representative

(Madison) David D. Mancl, Director of DFI’s Office of Financial Literacy has been appointed by President George W. Bush to serve on the President’s Advisory Council on Financial Literacy. The aim of the Council which will be under the auspices of the U.S Department of the Treasury is according to executive order to “help keep America competitive and to assist the American people in understanding and addressing financial matters.”

Among the Council’s goals are to:

  • Improve financial education efforts for youth in school and for adults in the workplace.
  • Promote effective access to financial services, especially for those without access to such services.
  • Establish effective measures of national financial literacy.
  • Conduct research on financial knowledge, including the collection of data on the extent of financial knowledge of individuals.
  • Strengthen and coordinate public and private sector financial education programs.

Mr. Mancl, an Appleton native, is one of 19 individuals appointed to the Council which will be chaired by Charles Schwab of Charles Schwab & Company, Inc. John Hope Bryant, founder of Operation Hope, Inc. a nonprofit aimed at eradicating poverty serves as vice chair. Other members include Laura Levine, Executive Director of the National Jump$tart Coalition.

Mr. Mancl has been involved with a number of Wisconsin financial literacy initiatives. He was appointed as Executive Director to the Governor’s Council on Financial Literacy, an advisory committee created by Governor Doyle three years ago. Its mission is to advise the Governor on how to improve financial literacy in Wisconsin. Mr. Mancl also works closely with First Lady Jessica Doyle who serves as Honorary Chair of the Governor’s Council and who is very active in promoting financial literacy on many fronts across the state, particularly among youth.

“I congratulate Dave Mancl on this appointment,” said Governor Jim Doyle. “He’s worked hard to make Wisconsin a national leader in promoting financial literacy. I urge him to make the most of this opportunity and to incorporate ideas and strategies that will continue to serve Wisconsin.”

“It is an honor to become part of the Council,” said Mr. Mancl. “I’m happy that financial literacy is receiving this unprecedented level of attention. Many people all over Wisconsin have worked hard to promote financial literacy and put Wisconsin in the forefront. They share in this honor and I look forward to continuing to work with them to bring financial literacy to Wisconsin and the nation.”

Wisconsin was the sole state to have a member on the Council representing state government in large part due to activities led by Mr. Mancl. He founded the first of its kind in the nation Office of Financial Literacy at DFI. He is founding president of the first-ever State Coalition of the Year, Wisconsin Jump$tart Coalition for Personal Financial Literacy; founder and leader of the National Institute of Financial and Economic Literacy, a nationally recognized graduate-level program that has been designated a “best practice for teacher training” by the Financial Literacy and Education Commission of the U.S. Department of the Treasury; and a presenter at numerous state and national forums.

“I’m delighted that Dave Mancl will be part of this group,” said DFI Secretary Lorrie Keating Heinemann who serves as Chair of the Governor’s Council on Financial Literacy. “He brings to the national stage vast talents for getting people to work together to accomplish great things. He has been instrumental in carrying out Governor Doyle’s commitment to helping Wisconsin citizens become better managers of their own money to grow Wisconsin.”

Additional financial literacy activities undertaken by Mr. Mancl include playing a pivotal role in creating Wisconsin’s Model Academic Standards for Personal Financial Literacy (first in the nation) and working in partnership with the Federal Reserve Bank of Chicago to create the first-in-the-country Money Smart Week statewide campaign to promote financial literacy. Money Smart Week Wisconsin 2007, its second year, offered over 700 events across Wisconsin.

For more information about the President’s Advisory Council on Financial Literacy contact David Mancl at 608-261-9540 or email him at: david.mancl@dfi.state.wi.us.