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CU System
Greylock FCU forms youth advisory board
PITTSFIELD, Mass. (4/27/09)--Greylock FCU, Pittsfield, Mass., has assembled a Youth Advisory Board to help the credit union create products and services that will help youth better their savings habits. The group comprises 16 students from schools ages 13 to 18. The youth board members were selected through an application process. While the credit union hopes to gain insight from the board to help it promote financial literacy, it also seeks to educate the board members about banking (Berkshire Eagle April 21). The board’s first project will be to help Greylock communicate its financial literacy program, Fusion, which was created for young adults. The Fusion program offers college funding information, a subscription to a teen financial magazine, a financial literacy brochure, and a college savings share certificate, the newspaper said. The board’s first meeting, April 20, consisted of a discussion about credit scores with Greylock Loan Officer Darrell M. Colvin. Michael E. Fazio, senior vice president and financial adviser, also talked to the group. Greylock has been creating youth financial programs for five years, after finding that there is a “significant” lack of financial literacy among adults, John Bissell, Greylock senior vice president of marketing and administration told the paper. Greylock has $1.1 billion in assets.
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