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NCUF grant helps teens in New York
ALBANY, N.Y. (1/6/11)--The New York Credit Union Foundation (NYCUF) is looking to extend the reach of a financial education program in 2011 with an additional National Credit Union Foundation (NCUF) Innovation Grant.
Financial education participants from Union Settlement FCU in New York. (Photo provided by National Credit Union Foundation.)
NCUF recently announced that NYCUF will receive a grant for phase two of its Money & Me program. NYCUF designed the financial education program for teens. Credit unions across New York offer financial education workshops throughout the year--typically during summer, winter and spring breaks. Using an award-winning curriculum and interactive, hands-on activities, credit union staff teach teens essential financial skills, such as budgeting, saving, maintaining a checking account, managing credit and planning for the future. In 2009, NYCUF piloted the program with six credit unions, conducting six sessions serving about 80 students. Assisted by an Innovation Grant from the NCUF in 2010, NYCUF expanded the program with 15 credit unions conducting 19 sessions for 270 teenagers. During phase two, NYCUF will develop alternate versions of workshop curriculum to meet the diversified needs of credit unions and to tell the stories of the students and parents who benefit from the program. With this approach, NYCUF said it hopes to raise the profile of New York credit unions and the credit union movement. “Financial education is a core philosophy of credit unions and both the New York Credit Union Foundation and the National Credit Union Foundation,” said Christopher Morris, NCUF’s director of communications. “We look forward to watching the program progress and continue to make a difference in teenager’s lives.”
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