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News Now

CU System
Michigan leads nation in classroom presentations
LANSING, Mich. (8/14/12)--Michigan credit unions led the U.S. in the past year for youth financial education classroom presentations.

Dollar Dog visits a Wilson Elementary School in Alpena, Mich., for a financial education presentation by Alpena Alcona Area CU.

For the period ending June 30, Michigan credit union representatives made 2,001 classroom presentations, up 4.5% from the last year. Texas came in second with 1,979 presentations, according to the National Youth Involvement Board's (NYIB) annual report (Michigan Monitor Aug. 13).  

Michigan credit unions also increased the number of students reached by more than 2%, with 46,973 students reported. The total fell in second place nationwide, behind North Carolina, which reached 55,604 students.

Financial education presentations in schools are an important way for credit unions to serve the community, said one credit union presenter.

"Financial education is one of the most appropriate ways to fulfill our mission and enhance the financial well-being of our members," said Kaye Chervenak, parish and education coordinator for Michigan Catholic CU in Troy. "We want to work with parents, teachers, and the community at large to help our youth succeed by giving them the tools and education for responsible money management."

Nationwide, 413,106 students learned money management skills and heard the credit union message at 13,008 presentations for the year. While Michigan's reported youth financial education involvement activity increased slightly, the national figures represent a decrease from the last reporting year.

Fremont (Mich.) High School Students ask questions of CEO John Buckley at Fremont-based Gerber FCU, left, and Michigan State Sen. Geoff Hansen, (R-Hart), center.  (Photos provided by the Michigan Credit Union League)
The NYIB also recognized Michigan's Julie Blaylock from Community Financial CU in Plymouth, with an award for the highest percentage increase in students reached, up 412% since the last reporting year.

The top 10 states based on the number of presentations given, according to NYIB,  are:

1. Michigan--2,001;

2. Texas--1,979;

3. North Carolina--920;

4. Oregon--736;

5. Arizona--735;

6. California--693;

7. Florida--633;

8. Washington--617;

9. Montana--594; and

10. Virginia--537.

The top 10 states based on students reached:

1. North Carolina--55,604;

2. Michigan--46,973;

3. Virginia--30,589;

4. Texas--28,166;

5. Florida--25,900;

6. California--24,829;

7. Arizona--23,720;

8. Pennsylvania--17,632;

9. South Carolina--15,463; and

10. Oklahoma--13,894.
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