UT FCU Hikes for Fin Lit
Football season may have wrapped up, but for the second year UT Federal Credit Union has partnered with Visa and the NFL to help University of Tennessee Upward Bound students score a touchdown for their financial future.
Through the partnership, the Knoxville, Tenn.-based credit union will teach Financial Football, a free online money management program that tests students’ speed, agility and endurance in the field of money management.
The football game involves a head-to-head matchup or students can choose the single player format. Classroom modules allow teachers to use the game in their financial education classes, too.
“It's not whether you win or lose, it's what you learn when you play," said Malinda Wood, vice president of marketing at the over $195 million credit union. “This is our second year to work with about 60 students in the Upward Bound program at UTK.”
Wood and Teri Branam, business development manager at UTFCU, serve as Financial Football coaches.
Available online at http://www.practicalmoneyskills.com/games/trainingcamp/, the game has NFL teams square off on a football field. To move the ball forward, questions ranging from how to calculate a percent-off and the definition of blue chip stock to how to save for college and the ins and outs of 529s must be answered correctly to score a touchdown. Players lose yardage for every question wrong.
Upward Bound is a pre-college program for students who have the ability to complete a program of post-secondary education, but who may not achieve that ambition because of constraints imposed by family income levels and the lack of knowledge about the college admissions process.