Founded in May 1982 by Loren Dunton (1918-1997)
Dedicates 25th Anniversary Year to Marta Benko Dunton
San Diego, CA. - In May of 1982, the founding
father of the financial planning profession, Loren
Dunton, established the Institute of Consumer Financial
Education (ICFE) as a 501c3, non profit public education
organization, headquartered in San Francisco, CA.
Loren Dunton was the creator of the prestigious CFP
Certified Financial Planner designation, which is now
recognized around the world. He also founded The College
for Financial Planning in Denver in 1969, he was the
founding publisher of Financial Planning Magazine and
the author of How to sell Mutual Funds to Women, a
book published in five other languages.
The ICFE was always part of the original business plan
when Loren formed the College and the CFP group. He was
a great forward thinker; realizing consumers would soon
have to be educated as to what this new profession was
all about. Loren thought financial education was the
learning part and financial planning was the doing part.
Loren dedicated the ICFE to Helping people improve
their spending practices, increase their savings
accumulation and use credit more wisely. President
Reagan s Private Sector Initiative program presented the
ICFE with its C-Flag Award in May of 1987.
The ICFE began publishing the Do-It-Yourself Credit File
Correction Guide in 1989, created Credit Card Warning
Labels in 1990 and Credit Card Sleeves, a/k/a credit
card condoms in 1993. The ICFE s first web site was
unveiled in 1996.
June 2004, the ICFE signed a Memorandum of Understanding
(MOU) with the Department of Defense (DOD) and became an
official partner in the DOD s Financial Readiness
Campaign, making ICFE free resources and other low cost
publications available to US military counselors all
over the world.
The ICFE has Certified Credit Report Reviewer (CCRR) and
Certified Identity Theft Risk Management Specialist (CITRMS)
programs in place and over 7,000 individual
professionals have been trained, examined and certified
by the ICFE as Personal Finance Instructors for the
Money Instruction Book, or as CCRRs and/or CITRMS.
The ICFE proudly dedicates its 25th anniversary year to
its Chairwoman Emeritus, Marta Benko Dunton of San
Francisco. A plaque honoring the occasion will be
presented to Mrs. Dunton in San Francisco.