Engaging Young People through Financial Literacy
Financial Education Programs
The Southeastern Credit Union Foundation and the League of Southeastern Credit Unions are committed to improving the financial health of as many people as possible. Financial literacy empowers people with the information they need by helping them to understand how to live on a budget and manage their finances. Connecting people with credit unions allows people to find the financial resources they need for a successful future and to be able to show resilience when financial hardships arise. The overall goal is to promote long-term financial capability through credit unions and community partners.
By using programs like the National Endowment for Financial Education’s High School Financial Planning Program (NEFE), Mad City Money Reality Fairs, seminars and workshops, the LSCU brings easily executable programs to credit unions of all sizes which, in turn, provide free financial education to teachers, students and adults across the Southeast.
The Foundation also offers the Financial Fitness Tournament.
For information on bringing financial literacy training to your credit union, contact the SECUF Director.
Congratulations to all of our 2019 Financial Fitness Teams. After our live competition, here are the standings:
LSCU Champion Team: Sardis High School (AL)
2nd place: Demopolis High School (AL)
3rd place: Key West Collegiate Academy (FL)
4th place: MacArthur High School (FL)
Alabama: Sardis High School (sponsored by Family Savings Credit Union) & Demopolis High School (sponsored by Naheola Credit Union)
Florida: MacArthur High School (sponsored by SUN Credit Union) & Key West Collegiate Academy (sponsored by The Weekly Newspaper and coached by Keys Federal Credit Union)
Get involved in our 2020 Financial Fitness Tournament! Email firstname.lastname@example.org for details or to schedule a FFT simulation in your area for the Fall!
2017-2018 School Year Financial Education Stats
|State||# of K-College Presentations||U.S. State Ranking for Presentations||Total # of Students Reached||U.S. State Ranking for Students Reached|
To report your 2018-2019 school year presentations, visit nyib.org and go to “Reporting.” Presentations must be reported by June 30! You may also email your numbers to SECUF Director, Juli Lewis if you are not able to input through the NYIB website.
Join us on the last Thursday of each month for a fun, informative, and FAST info session on money topics that are top of the list for students and young adults! There’s no cost but lots of reward…plus you may even win a $50 VISA gift card!
Click here for the 2019 schedule!
Money as you grow website now on the CFPB site:
- Handout for middle childhood financial education
- Activities for children aged 6-12
- Jumpstart Clearinghouse
NEFE’s Smart About Money (SAM)
- Have the family make a SMART goal for a vacation, or even the child’s birthday party using this worksheet (give parents talking points that when a child asks for a toy at the store that they can remind him/her about this goal and that they as a family are choosing to save their money for the goal rather than buy the toy)
- Use the mindful spending worksheet to have parents complete with their child to start the conversation about something the child might want for their birthday/holiday.
- Share this article on how to teach kids the value of money, which includes activities and conversations for different age groups.
- Budget resources
Online budget wizard
- Self-paced courses for parents to complete, or to do as a family with children, to learn money basics or to make specific financial decisions, such as making a family transportation plan.
Mad City Money Reality Fairs
Mad City Money is a hands-on, real-life simulation that gives young people the opportunity to experience their futures in a fun and exciting way. They are encouraged to make healthy and wise lifestyle choices similar to those that adults face on a daily basis.
During the simulation, students assume they are 25 years old and they are the primary or sole support of their household. They may work individually or with a partner (but if working with a partner, they must agree on all decisions). Some have children that they must consider in their decision making. After being assigned an occupation and monthly gross income, participants make routine deductions at a variety of life stations. Using sample checks and registers, they learn how to record and manage their bank accounts.
Mad City Money is an easy exercise for credit unions and chapters to provide for local students that will give them real-world experience with money. Financial education for young people is vital to their success in the future. Learning about money and economics is an important life skill. Contact Juli if you would like more information.
Financial Reality Fairs
Now, more than ever, young people need our help to learn how to skillfully plan a budget, save for the future and invest with confidence – before money management becomes a struggle. This is critical to their abilities to become financially healthy and fulfill their passions and goals.
In 2016, CUNA Mutual Group worked with the National Credit Union Foundation to deliver 20 Financial Reality Fairs for high school students across the country. The series resulted in 40 credit unions reaching 5,000 students in nine states. Through these fairs, students learned how to maintain and improve their financial health and experienced all of the opportunities and benefits credit unions can provide. The financial health and education of the next generation is an ongoing investment that we are committed to building. We’re continuing to engage and interact with young people to boost their financial literacy, and we hope our peers – credit unions, leagues, financial advisers, teachers and friends – will join us.
Help us reach new members by watching and sharing this financial literacy video, and then get involved by contacting the National Credit Union Foundation or your state credit union foundation to host a fair. Together, we can make a difference.
Reality Fair Volunteer Training
Discover Additional Financial Education Resources & Reporting through NYIB!
Cash Hash June 2019
Cash Hash May 2019
Cash Hash April 2019
REAL Solutions® works with LSCU to provide credit unions the tools to make a difference in the financial lives of members, families and communities.
REAL Solutions builds member and consumer financial capability by offering toolkits for product development, credit union financial counseling certification, experiential learning programs (Reality Fairs, Retirement Fairs, and Life Simulations), planning/coaching, and speaking/training.
For more information, visit the National Credit Union Foundation website.