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News Now

CU System
Money Mission to receive Wis. Financial Literacy Award
MADISON, Wis. (12/21/11)--Money Mission LLC, an interactive, Web-based simulation game designed to educate young adults about the fundamentals of personal finance, is being awarded the Wisconsin Financial Literacy Award for 2011 by the Wisconsin Governor's Council on Financial Literacy.

The Credit Union National Association (CUNA) and the Wisconsin Credit Union League were contacted Tuesday by the Wisconsin Department of Financial Institutions about the award. An awards ceremony is being planned in early 2012 in Madison, Wis.

The Wisconsin league rolled out the program in 2009, and in July 2010 CUNA and the league announced the launch of Money Mission nationwide, said Benjamin Schweder, vice president of W.C.U.L. Services Corp.

"Money Mission has been introduced to local schools, and teachers have embraced it as a tool to teach kids. Some have integrated the program into their classrooms," Schweder told News Now.

As players move through the video game and fictional city of Mission Heights, they make decisions on life events and financial choices such as managing a checking account, financing a car, buying stock or building a retirement nest egg.  They also participate in lessons that teach financial principles (News Now July 12, 2010)

Money Mission can be accessed by players only through participating credit unions' websites. The program is customized to the participating credit unions. When a member signs up for the game, they go to a weblink from the credit union site.  About 27-28 credit unions in Wisconsin participate, said Schweder. Nationally, credit unions participate from Hawaii, North Carolina, Texas, and Illinois as well as Wisconsin.

Earlier this year, Money Mission  was approved for inclusion in the Jump$tart Coalition for Personal Financial Literacy Clearinghouse (News Now July 12, 2011). Also, the program began offering scholarship opportunities to high school seniors and is included in the nation's most comprehensive collection of financial education resources for students.

Interested credit unions can contact Josh Jones, CUNA manager of young adult programs, at 608-231-4262. For more information, use the link.


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