Thanks to New York University Federal Credit Union’s “Making Ends Meet” financial education program, low-wealth students of New York University are better equipped to reach life-changing goals. Since starting the program in the 2010-2011 school year, over 5,000 students have attended one of the credit union’s seminars. New York University FCU (NYUFCU) has also seen their delinquency and overdraft fees decrease as a result of the program.
NYUFCU received a grant from the National Credit Union Foundation (NCUF) last year to launch their “Making Ends Meet” initiative. The New York Credit Union Foundation also helped fund NYUFCU’s program. “Making Ends Meet” leverages targeted group financial education using National Endowment for Financial Education (NEFE) curriculum modified to change behavior related to account overdraft, late loan payments and one-on-one coaching strategically deployed to cease the behavior and move students into credit and asset building upon graduation.
“Ironically, few college students receive good financial education,” said Christopher Morris, NCUF Director of Communications. “Credit unions are the ideal institution to help students achieve financial freedom and NYUFCU’s program is evidence of that.”
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