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Does your credit union actively promote financial literacy in the community?
Tell
us so we can post on our website and incorporate into our newsletter.
FIC at MAC Conference
Members of the FIC presented the credit union difference to high school
students at Minnesota and Wisconsin’s Co-op Youth Leadership Conference
this spring. With over 75 students in attendance, FIC members were eager
to share why credit unions make a great financial partner, and to keep
credit unions in mind as a possible career choice.
FIC members also facilitated a discussion with the group
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Reporting Presentations
We use news of your activities to demonstrate
our commitment to financial literacy and our goal of contributing to the
overall health of the nation's economy. So be sure to report your
presentations! People helping People - that's what we are about!
For a copy of the MN FIC’s step-by-step reporting brochure,
click here.
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about how they
spend save and earn money. It’s clear from
the discussion these teens
are interested to learn more about
being financially literate and keeps
tabs on their dollars.
So keep up the financial literacy education efforts credit union
professionals!
Best Practices of Credit Unions Nation-wide
Financial Reality Fair
Held in conjunction with the GAC, about 40 students attended and said it
changed the way their will save and spend money. It was hands-on
experience for students to identify career choices and starting
salaries, then completed a budget sheet requiring them to live within
their monthly salary while paying for basics such as housing, utilities,
transportation, clothing and food. Additional expenditures such as
entertainment and travel were factored in as well. Throughout the fair,
many temptations for additional spending were presented, so students had
to make decisions on how to balance their spending based on their wants
and needs to live on their own. The students visited various booths that
covered the different components of independent living. Once students
balanced their respective budgets, they met with financial counselors to
review their findings.
Learn more at
http://www.ncuf.coop/home/news/subnews/reality_fair_2012_gac.aspx.
Alabama Telco Credit Union Enrollment
Online Kids Savings School is a benefit of being a member of their kids’
savings club. Access Fun and Games for the kids, tips for parents on how
to raise financially smart kids, worksheets for teachers on varied
topics such as Kids & Money in today’s Economy.
Learn more at
https://www.alatelco.org/kidsSavingsSchool.
TopLine Federal Credit Union
Hosted weeklong open house capped by a series of youth financial
literacy sessions, April 22-28, during National Credit Union Youth Week.
TopLine is also offering a traveling seminar, and will visit interested
schools or other groups to present age-appropriate lessons about money
management. Their goal is to help kids — and their parents — learn to
save and build a strong relationship with money, emphasizing the
importance financial literacy and general money management skills for
kids and young adults. The three seminars are divided by age group:
Building Dreams, for kids K-4th grade; Dollar Power, for grades 5-8;
Dollars and Sense, for high school teens.
More details about the seminars at
https://www.toplinecu.com/Financial_Education.asp?Docid=81.
Florida Commerce Credit Union offers iLiveFIT!
Financial soundness is the goal of Florida Commerce CU’s iLiveFIT!
Program. Members who enroll receive a free confidential personal
financial assessment from a trained financial service officer. Once a
member’s fitness level has been determined, they will be provided with a
comprehensive prescription plan the right steps to financial
independence. A member’s prescription will be specific to his or her
needs and may include free educational courses, debt management plans,
or systematic savings plans. Not only is this program absolutely free,
but as members obtain levels of financial fitness, they are rewarded
with bonus points towards CDs, points off a loan, gift cards and other
prizes.
Learn more at
http://www.floridacommerce.org/about_us/promotions/ilivefit.
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