Reality Fair Gets Hands-On; FoolProof Goes Interactive
April is Financial Literacy Month and opportunities abound for credit unions.
For the past seven years America’s Credit Union Museum has been helping credit unions facilitate conversations about money among young consumers and between teens and their parents through its CU 4 Reality Financial Education program.
“We spoke with Arty Arteaga, president/CEO of the Defense Credit Union Council, about the need for ongoing financial readiness courses,” said Benedetti. “So many young people go into the military without the necessary financial management skills and many either spend all their hazard pay or are unprepared to handle the financial realities of a civilian life once they’ve served their time because so many of their necessities like housing were taken care of for them. Imagine what a difference reality fairs could make in the lives of those risking their lives for our country.”
Currently the CU 4 Reality program is being used in nine states and Germany, and a total of 14,385 students have benefited from it.
Brooks added the credit union has been working closely with the superintendent of schools and the Oklahoma Council on Economic Education and the enthusiasm about the program has been palpable.
“It is just such a simple solution to a complex initiative that the state has taken on,” said Brooks. “We already serve some 250 school districts but our contract with FoolProof allows us to make the program available to any district that wants it on the eastern side of the state of Oklahoma. Everyone is so excited and what’s great is that with budgets being so tight that some districts have to shutter the doors of some schools, credit unions get to be the hero and provide some much-needed relief.”