BizKid$ Shoots Up NYC Credit Unions
It was lights, camera, action at two New York credit unions.
BizKid$, an Emmy Award-winning, credit union-funded public television series that teaches kids about money management and entrepreneurship, recently filmed a segment at the $142 million Actors Federal Credit Union and $130 million Montauk Credit Union for season five.
The BizKid$ segment on understanding a line of credit features Susie Levitt and Katie Shea, young entrepreneurs and owners of City Slips, which sells stylish shoes that fold up and fit in a small pack that then expands out to become a tote that holds the heels.
As they’ve been expanding their business, Levitt and Shea stop by Actors Federal Credit Union and Montauk Credit Union to compare everything from interest rates and repayment terms, to whether minimum balances were required.
In addition to learning that credit unions offer an array of services, viewers learn a line of credit can not only help with cash flow, but it also helps a business establish good credit, which can help with future loans.
Fundraising is currently under way to achieve full funding for the upcoming fifth season, which will also put BizKid$ into syndication.
The National Credit Union Foundation oversees the fundraising, outreach and administrative responsibilities of BizKid$.