Students at H.D. Woodson High School recently experienced the realities of financial independence at a “Financial Reality Fair” hosted at the school by HEW Federal Credit Union (HEWFCU) to recognize National Financial Literacy Month. Students were randomly assigned careers complete with net and gross monthly income, a credit score, and a checking account with $1,500. They shopped for apartments, electronics, cars and more at various tables where they chose whether to pay cash; use a credit card; or get a loan for major purchases such as cars and furniture.
- // Youth & Young Adults
// League Highlights
The Community Reinvestment Initiative supports the Michigan Credit Union League’s advocacy efforts through the CRI Report. The report is compiled each year using data from the CRI Survey and outside sources. Distributed to lawmakers during the CUNA GAC and throughout the year, the CRI Report contains information that demonstrates the good work credit unions do in their communities and further promotes the credit union tax exemption.
// League Highlights
The Credit Union Association of New York’s 2012 MORE Report is now available online and in print, providing credit unions with a powerful tool for advocating and building awareness. The report highlights New York credit unions’ efforts in seven key categories: adult financial education; community investment and outreach; customized products and services; financial counseling; immigrant outreach; Volunteer Income Tax Assistance (VITA); and youth financial education.
// Youth & Young Adults
More than 550 students from 22 high schools throughout Connecticut spent Tuesday morning, March 26th, learning the challenge of living within their budget at Central Connecticut State University in New Britain. Students chose their career in advance of the Fair, researching the starting salary and how much additional school is required to start in their choice. Teachers forwarded that information prior to the Fair so each student received a personalized budget worksheet based on their individual goals.
// Biz Kid$
From CUNA News Now – Biz Kid$, a financial literacy initiative that teaches kids about money and business, is now part of a treasure hunt for financial literacy. The Biz Kid$ Piggy Hunt is a collaboration of Biz Kid$ and Horizon CU of Spokane, Wash.