The Council on Financial Education Accreditation (“CFEA”) is administered by the Institute for Financial Literacy, a 501(c)(3) tax exempt non-profit financial literacy organization headquartered in South Portland, Maine.
CFEA is supported by a seven member Advisory Board which provides guidance on the development of standards and approves the appointment of the Accreditation Review Committee.
Accreditation decisions are made by the five-member Accreditation Review Committee based on the completed Application for Accreditation, which consists of the Application Form, Self Evaluation Document and Accreditation Report (with Organization comments, if any). Decisions of the Accreditation Review Committee may be appealed to the Advisory Board.
Site visits are conducted by CFEA staff and/or qualified volunteers recognized by the Advisory Board.
The Advisory Board, Accreditation Review Committee, Recognized Volunteers and CFEA staff are subject to Conflict of Interest restrictions which ensure the independent and professional administration of the accreditation process.
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