Creating Bright Financial Futures – A Credit Union Difference
Wednesday, Apr 29, 2015
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With a philosophy of “People Helping People”, credit unions as not-for-profit financial cooperatives, have established themselves as trusted sources to teach members and the community about maintaining healthy financial habits.
April marks a time when Illinois credit unions ramp up their efforts — particularly with youth — about this significant need. One key example is Great Lakes Credit Union.
Via hosting creative real-world simulation financial education programs, Great Lakes in the past year reached more than 3,700 students, with the financial tools they need to succeed. And they are not alone. As a premier host of Financial Reality Fairs for more than 10 years, Illinois credit unions most recently conducted more than 350 Financial Reality Fairs involving 18,000 students. In the true sense of community, these Fairs are held at schools, churches and libraries.
Great Lakes Credit Union also partners with other local organizations to educate youth on the importance of establishing a banking relationship as part of the job search process. To further expand its impact, the credit union reaches youth where they are with self-guided online modules that help create bright financial futures.
Financial education – a vital life skill for members – and a fundamental tenet of the credit union mission.