MADISON, Wis. (8/8/13)--The National Credit Union Foundation's board of directors has approved 16 new Biz Kid$ grants, totaling $124,961 for 2013. The new grants engage the credit union movement in using Biz Kid$ and its curriculum to build students' financial literacy and economic education skills.
"There is a need to improve the financial literacy skills of the youth in America and Biz Kid$ is the perfect vehicle to address that need," said Danielle Brown, Biz Kid$ program coordinator for NCUF. The innovative programs "will improve the financial education of youth through the use of the Biz Kid$ program."
Biz Kid$ is the credit union-funded public television series that teaches kids about money management and entrepreneurship.
Seventy-six percent of teens report the best time to learn about money management is in kindergarten through high school, but only 29% reported having programs in place, according to the 2013 Junior Achievement/Allstate Foundation Teens and Personal Finance Survey.
Some highlights of the grant projects:
Maps CU, Salem, Ore., will work with Western Oregon University's College of Education to incorporate Biz Kid$ into the curriculum of Elementary Social Studies Methods, a course required of all university students in the Elementary Education program. The integration of Biz Kid$ into their coursework will lead to the use of Biz Kid$ in future classrooms.
STAR CU, Madison, Wis., will create an Entrepreneurship Club to teach teens at the Boys and Girls Club of Dane County about entrepreneurship through hands-on experience and provide the opportunity to launch a business of their own. Biz Kid$ lessons and videos will be used to teach the club members how to write a business plan, create a budget and write a business proposal.
Cornerstone Credit Union Foundation, Farmers Branch, Texas, will create a Biz Kid$ Teacher Training and Entrepreneur Contest pilot program to show educators how to teach the Biz Kid$ program. Participating teachers will implement the curriculum in their classrooms and students will collaboratively create a business plan for a needed organization in their community, thus incorporating the entrepreneurship skills learned through Biz Kid$.
Travis CU, Vacaville, Calif., will use Biz Kid$ to provide the financial literacy curriculum needed for students participating in a Work Ready Certification Program. The program is designed to verify that students have the entry-level skills needed to succeed in the workplace and contribute as citizens, and help them understand the link between their educational/career goals and financial planning.
NCUF oversees fundraising and outreach responsibilities of Biz Kid$. During the past six years, more than 300 credit unions and affiliated organizations have raised more than $13.8 million to support the show's production, website and curriculum. Every Biz Kid$ episode begins and ends with a narrator reminding viewers that: "Production funding for Biz Kid$ is provided by America's Credit Unions, where people are worth more than money."
For a full list of NCUF grants, use the link.