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BayPort sponsors 24 teachers to national fin lit conference
NEWPORT NEWS, Va. (11/13/09)--BayPort CU, Newport News, Va., sponsored 24 teachers to attend the first National Financial Literacy for Educators Conference in Washington, D.C., Nov. 6-8.
Click to view larger image BayPort CU, Newport News, Va., recently sponsored 24 local teachers, including these, to attend a national personal financial literacy conference in Washington, D.C. (Photo provided by BayPort CU)
The conference, targeting those who teach kindergarten through 12th grade, was presented by the JumpStart Coalition for Personal Financial Literacy. BayPort paid $175 per teacher, which covered hotel accommodations and participation. The credit union also gave each teacher $125 to cover travel expenses, said Marilyn Bennett, BayPort creative services administrator. BayPort decided to sponsor the teachers after receiving an e-mail from the CUNA Personal Finance Initiative's CUNAPFInteractive, suggesting that each credit union sponsor a teacher to a national conference, Bennett told News Now. “This got me thinking that we could do that and more--with 12 branches in the greater Hampton Roads area, why not sponsor 24 teachers?” she said. Each BayPort branch manager works with a local school. The credit union worked with the schools to select the teachers, and with the City of Newport News School Superintendent’s Office, which sent 12 teachers. This is the first time BayPort has sponsored teachers’ attendance at a conference, and the teachers who attended the event hope it will become an annual event. “From the e-mails I have gotten back from the teachers, they are hoping BayPort will make it an annual event so that other local teachers can benefit the way they have,” Bennett said. “They have come away from the experience feeling very special and many of them have already started using materials they received when they were in Washington last week.” Next year, the state of Virginia will require financial literacy as a component of its Standards of Learning testing, Bennett said. “We knew how important this topic would be for our local schools this year,” she said. “And most of the schools used this conference as an opportunity to send the teachers who were going to be working directly with the financial literacy training,” she added. BayPort became a community chartered credit union two years ago. Last year, Bennett was charged with creating a financial literacy program. “We’ve done seminars, classroom presentations, and financial counseling, but hadn't really created a solid all-encompassing program,” she said. “So to position ourselves as a community resource for financial literacy we thought sponsoring teachers from our local area to attend this conference would be a great beginning with the school systems. We wanted to emphasize that we were serious about our support and available as a resource to our community.” BayPort has $1.10 billion in assets.
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