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Fifteen N.Y. CUs help teens build financial skills
ALBANY, N.Y. (9/22/10)--Fifteen New York credit unions offered financial education sessions this summer, teaching more than 200 teens crucial financial skills in a fun, interactive setting, said the New York Credit Union Foundation.
Click to view larger image Some participants from New York City-based Union Settlement FCU’s Money & Me session gather outside the credit union during a break. (Photo provided by the New York Credit Union Foundation)
The New York Credit Union Foundation developed Money & Me, a free weeklong program, which is delivered by credit unions to their communities. Through a series of hands-on lessons, participating teens learned about budgeting, saving, maintaining a checking account, credit advantages and pitfalls, planning for the future and more. The Money & Me program uses the award-winning National Endowment for Financial Education (NEFE) High School Financial Planning Program (HSFPP) as its core curriculum, with supplemental components from other programs. Concerns about not reaching enough students through in-school programs inspired the foundation to create the week-long program. This is the second year the foundation has offered the program to credit unions. “Over and over again in this recession, we’ve seen the profound impact of financial illiteracy on people’s lives,” said Diane LaVigna-Wixted, executive director of the foundation “By teaching youth about money management today, we can help them avoid common pitfalls and gain the skills they need to achieve their goals and dreams tomorrow.”
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