ST. PAUL, Minn. (10/24/13)--The Minnesota Credit Union Foundation recently awarded $10,000 in financial education grants to three credit unions.
All grant funds will be used to further the credit unions' diverse financial education programs or initiatives that benefit members and communities.
Recipients were chosen by the Foundation board of directors based on credit union value, community impact, collaboration and creativity.
"The Foundation board was very impressed with the applications we received this fall," said Foundation Chair Pat Brekken. "It's impressive to get a closer look at some of the amazing initiatives being coordinated by Minnesota credit unions, and I'm proud that the Foundation can be a resource to provide financial support to these important programs."
Fall 2014 Financial Education Grant recipients include:
Minnesota Power Employees CU, Duluth, which has partnered Duluth Children's Museum to enhance its "Moneyville" financial education exhibit. The display features interactive, hands-on tours through a mock city to learn economic concepts and experience real-life decision-making scenarios. Moneyville can be toured by the general public or coordinated as a school classroom field trip program.
Postal CU, St. Paul, which has developed a peer-to-peer financial education seminar series to deliver to students at Tartan High School, where PCU opened a student-run credit union in early 2013. The education series will provide an in-depth look at four key pillars of financial literacy, including budgeting, saving, credit and money management.
St. Paul (Minn.) Federal CU, which will open a student-run credit union at Harding Senior High School in St. Paul. Student branches teach students the basic principles and practices of business, marketing and financial institution operations.