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CU System
RMJ Foundation donates to Calif. CU fin-lit. efforts
RANCHO CUCAMONGA, Calif. (12/18/08)--The Richard Myles Johnson Foundation, the state foundation for credit unions in California and Nevada, recently gave out four grants totaling $138,850 for various youth financial literacy efforts. A community service grant of $100,000 went to Biz Kid$, while ByDesign Financial Solutions received $35,000. Sacramento District Postal Employees CU received a $3,000 grant and Travis CU, Vacaville, Calif., received $850. The Biz Kid$ grant will go toward funding the third season of the program. The new season will begin airing Jan. 6. Biz Kid$ is now airing on PBS stations in all 50 states, with 323 of the nation’s 343 PBS stations expected to carry the show next year. In addition to production of the television show, funding also supports the development of lesson plans that correspond with each episode. ByDesign Financial Solutions was provided a grant of $35,000 to continue its partnerships with credit unions in presenting its Financial Firsts program to at-risk youth. The grant will allow the organization to teach 170 at-risk youth throughout California at workshops delivered with credit unions. Financial Firsts is a youth financial education program targeted to youth preparing to make their first independent financial and employment decisions. It covers topics such as first checking account, first job, first car purchase, first credit card account, first home-away-from home, and first college degree. ByDesign Financial Solutions is a nonprofit organization based out of Los Angeles, with regional operations in Sacramento, Fresno and Stockton. The $3,000 grant to Sacramento District Postal Employees CU will help the Sacramento, Calif.-based financial institution continue its quarterly Young Member Matters newsletter. The newsletter is distributed to youth through branches, mailings, and at weekly onsite visits at postal facilities. It features financial education using resources, such as the National Endowment for Financial Education. The $850 Community Service grant awarded to Travis CU will help the credit union in continuing its program to educate local high school students about the Cal Grant program, and how to budget for college. While the Vacaville, Calif.-based credit union covers the costs related to the program itself, the grant will help cover the costs of busing the students from Yolo County, a local farming community.
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