To kickoff Financial Literacy Month, the New Jersey Credit Union League has issued the financial literacy challenge to local credit unions.
New Jersey credit unions have been challenged to provide as much financial literacy education as possible for one year.?The league will track the progress of each credit union through the use of attendee evaluation forms-one for older attendees and one for classrooms of young students that a teacher or parent/guardian can fill out for the credit union.?Participating credit unions will be split into three asset categories: under $10 million in assets; $10 million to $25 million in assets; and over $25 million in assets. The top credit unions from each asset category will receive two$1,000 scholarships; second place will receive two $750 scholarships; and third place will receive two$400 scholarships. The scholarships can be provided to members of the credit union's choosing.
Results of the challenge will be available after April 30, 2011.
To further help credit unions deliver results, the NJCUL has also developed a set of curriculum for children, teens and adults.