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NORTHVILLE TOWNSHIP, Mich. – The Michigan Credit Union League (MCUL) and state lawmakers are joining forces to educate youth and young adults about money management in honor of Youth Financial Literacy Month. The 4th Annual “Financial Literacy Legislative Challenge” has garnered bipartisan support from the Michigan Legislature. State Reps. Brian Palmer, and Kevin Green, and State Sens. Wayne Kuipers, and Mike Bishop, are among the initiative’s long-time supporters. Encouraged by Palmer and Kuipers, lawmakers are headed to classrooms for a day to teach students the importance of responsible money management and touring an in-school credit union branch or attending a Credit Union Youth Week event geared at educating youth about personal finance. Palmer and Kuipers also sponsored bipartisan resolutions in the House and Senate that recognize the month of April as Youth Financial Literacy Month. As for MCUL staffers, they hand-delivered financial literacy kits to state legislators to encourage them to promote financial literacy in their districts. Each kit contained a CD with a financial literacy presentation on the history and security features of U.S. currency, speaker notes and related classroom exercises. Geared toward elementary and middle school aged kids, each kit also contained a bag of shredded money, a magnifying glass and brochures about the $10 and $20 notes. “Michigan credit unions are actively promoting youth financial literacy in April and throughout the year,” said Lori Z. Bahnmueller, vice president of Association Services for the MCUL. “We’re delighted that the Michigan Legislature has declared April as Youth Financial Literacy Month and is again partnering with us on the Financial Literacy Legislative Challenge initiative. Together, we can work to raise awareness of the critical need to educate youth and young adults about personal finance.” During Youth Week April 23-29, 35 credit unions will host or sponsor some 67 financial education seminars and events aimed at educating the elderly, youth and the unbanked about responsible money management, lending to more than 200 events taking place across the state.

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