Founded in 1948, FMS came to be when a group of Chicago controllers formed the Society of Savings and Loan Controllers, a 501(c) 6 not-for-profit association. The Society became an affiliate of the United States League of Savings Institutions a few years later and was officially renamed the Financial Managers Society in 1982.
In 1990, after serving savings and loan financial officers exclusively for 42 years, FMS disaffiliated from the United States League and began to serve financial personnel not just from savings and loans, but also from community banks, thrifts and credit unions.
Today, with a strong emphasis on first-class education and building community, FMS thrives as a professional membership organization with nearly 1,600 professional members from banks, thrifts, credit unions, and affiliate partners, from across the country.
The Growing Push for Financial Literacy
The Massachusetts legislature approved a bill in January that requires state education officials to establish financial literacy standards for students in kindergarten through grade 12. The goal is to train students in skills that will help them become financially self-supporting adults, with topics that include understanding loans, renting or buying a home, saving for college and investing for retirement.
Source: Event Website