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Connecticut league wins Desjardins award
MERIDEN, Conn. (10/7/10)--Financial literacy efforts by the Credit Union League of Connecticut received national recognition with a Desjardins Youth Financial Education Award for the 2009-2010 school year.
Connecticut league sponsorship of financial reality fairs for high school students this past school year won a Desjardins Youth Financial Education Award. Pictured is a fair at Central Connecticut State University. (Photo provided by the Credit Union League of Connecticut)
A major component of the league's eductional work was supporting the Financial Reality Fair throughout the state. The program is for high school students, who research their career choice and starting salary prior to the fair date. They are provided with a budget worksheet identifying their career choice, and during the fair, must budget according to their salary. “As a cooperative movement that exists solely for benefit of our membership, we feel it is important to help provide guidance and professional education for them,” said Anthony Emerson, president/CEO of the Credit Union League of Connecticut. Fifty-two member credit unions were involved in eight Financial Literacy Fairs last year, with more than 1,800 students from 50 high schools attending statewide. The Financial Reality Fair was created as part of REAL Solutions, a national credit union program focused on creating opportunities for low wealth individuals. “We believe the first step needed to improve the economic environment within a family is access to information--and the earlier the better,” said Lois Kitsch, national program manager of REAL Solutions. “The Reality Fairs offered by Connecticut credit unions through their league are REAL Financial Education Solutions. Mixing fun with learning creates a memorable experience that will remain with the students in the months and years to come.” Credit unions will start fairs for the current school year in New Haven on Oct. 20. Six fairs are scheduled for the 2010-2011 school year statewide.
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