CLEVELAND — The Ohio Credit Union League is giving parents and teens something to talk about with its latest financial education initiative called MoneyAndStuff.

OCUL President Paul Mercer said, "Teaching personal financial responsibility has always been part of the mission of not-for-profit credit unions. We are stepping up our efforts as leaders and collaborators in financial education because the financial health of Ohio's youngest citizens is at risk. By making smart consumers and savers, Ohio credit unions are investing in brighter futures for the next generation."

With OCUL research revealing a direct connection between personal financial illiteracy and the upswing in bankruptcy rates, record debt, and home foreclosures, the program is designed to teach students to make smart financial decisions, understand the difference between wants and needs, and manage debt.