MADISON, Wis. (12/12/11)--Biz Kid$,
the Emmy award-winning and credit union-funded public
televison series that teaches kids about money management and entrepreneurship, recently filmed a segment on understanding a line of credit and where they are available, at Actors FCU and Montauk CU in New York City.
A still shot from the upcoming BizKid$ TV show features Steve Sobotta, director of marketing at Actors FCU, New York, talking with Susie Leavitt and Katie Shea, owners of City Slips, about a line of credit for their business. (Photo provided by the National Credit Union Foundation)
The segment was filmed for an episode from season five. It featured Susie Levitt and Katie Shea, young entrepreneurs and owners of City Slips, a company that sells "ballet slipper" style shoes that fold up and fit in a small pack that then expands to a tote that holds the heels. As they grow their business, Levitt and Shea are looking to better control their cash flow with a business line of credit.
In the episode, Levitt and Shea visited Actors FCU and Montauk CU to compare what each offers with a line of credit. They compared interest rates, repayment terms, and whether minimum balances were required.
Aside from learning that a line of credit is just one of many services a credit union can offer, viewers also learned that not only does a line of credit help with cash flow, but it also helps a business establish good credit, which can help with future loans.
Fundraising is underway to garner full funding for the upcoming fifth season, which also will put Biz Kid$
into syndication. The National Credit Union Foundation oversees the fundraising, outreach and administrative responsibilities of Biz Kid$
which premiered in January 2008, has aired on more than 340 public television stations in all 50 states with a potential viewership reach of 271 million people. Biz Kid$
has the highest recorded carriage of any children's program released by American Public Television, with a viewing audience of more than 1.2 million per episode. Its website receives more than 100,000 unique visitors a month from about 140 countries.
During the past six years, more than 260 memerbs of the credit union system and affiliated organizations have raised more than $10.4 million to support the show's production, website and curriculum.
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