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News Now

CU System
CUs make Wisconsin consumers more money savvy
PEWAUKEE, Wis. (10/21/10)--Wisconsin credit unions look out for members’ long-term financial health by promoting thrift, according to the Wisconsin Credit Union League (WCUL). WCUL highlighted activities around the state that reflect Wisconsin credit unions’ commitment to promoting positive savings habits and wise borrowing, including:
* 109 youth-run branches, where students in elementary grades through high school have saved $2 million; * Free learning materials and online resources for public high schools; * Financial counseling and classes that help members learn to make ends meet; * Training for teachers through the National Institute for Financial and Economic Literacy; * Free presentations and workshops on credit reports, home buying and other financial topics for schools and community organizations; * Educational events, such as “reality simulations” and workshops in money management, to teach students the cost of living; and * Savings programs to encourage young people to save, with 3,800 young people in Wisconsin depositing $385,339, or about $101 per saver, during National Credit Union Youth Week in April 2010.
Thrift was highlighted in the third of five WCUL press releases celebrating credit union contributions during International Credit Union Week this week.


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