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League officially launches Ohio fin lit program
KENT, Ohio (11/27/07)--The Ohio Credit Union League (OCUL) launched its financial education initiative, MoneyAndStuff, in Kent and Cleveland last week.
Area credit unions officials and school administrators joined Ohio State Sen. Lance Mason (D-25), back center, for the launch of the Ohio Credit Union League’s financial education initiative, MoneyAndStuff, at Woodland Hills Elementary School in Cleveland, Ohio. (Photo provided by the Ohio Credit Union League)
MoneyAndStuff will promote financial literacy among youth, emphasizing credit concepts and teaching youth how to manage borrowing. The MoneyAndStuff website will serve as a financial resource for parents, educators, public officials, credit unions and the media. The website includes a “Credit Union Section” with promotional materials, logos and newsletter statements (eLumination Nov. 20). MoneyandStuff also will help teachers meet a new state mandate that requires all Ohio public high schools to teach personal financial education starting in 2010. The Ohio General Assembly passed the legislation in 2006. A survey of Ohio adults by the league indicated that 23% of Ohioans made any effort to encourage financial literacy in their families. Only 5% reported that they were taught about personal finances when they were young. “We are stepping up our efforts as leaders and collaborators in financial education because the financial health of Ohio’s youngest citizens is at risk,” said OCUL President Paul Mercer. “Teaching personal financial responsibility has always been part of the mission of not-for-profit credit unions.” MoneyandStuff was launched at Theodore Roosevelt High School with Joe Crawfis, CEO of Kent CU; State Sen. Tom Sawyer (D-Akron); and Kent City Schools career Technical Adviser Kathy Thomas attending. The MoneyAndStuff media tour continued throughout Ohio, with stops planned in Cincinnati, Columbus, Dayton, Lima, Toledo and Youngstown.
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