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NCUF to conduct financial reality fair at GAC
MADISON, Wis. (12/15/10)--The National Credit Union Foundation (NCUF) will conduct a financial reality fair for the first time on March 2 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. A reality fair is an interactive financial literacy tool for high school students.
Students face financial reality when they participate in a reality fair, such as this one designed by America’s Credit Union Museum (Photo provided by the National Credit Union Foundation)
The fair will be held at the Rayburn House Office Building from 10 a.m. until 11:30 a.m. About 40 to 50 area high school students are expected to attend. GAC attendees can attend the fair, which will remain open until 2 p.m. for anyone who wants to see the booths and fair materials. Also, NCUF will ask Credit Union Development Educators attending the GAC to volunteer for the event. “Holding a reality fair at GAC is a great way to expose legislators and their staff to the innovative financial education programs that are offered by America’s credit unions,” said Lois Kitsch, NCUF national REAL Solutions program manager. The GAC event is sponsored by NCUF with support and expertise from:
* CUNA’s Mad City Money, a hands-on simulation kit for youth, which provides a taste of the real world--complete with occupation, salary, spouse, student loan debt, credit card debt, and medical insurance payments; * America’s Credit Union Museum’s CU 4 Reality, a hands-on comprehensive training package centered on the interaction among students, educators, parents, credit unions and business volunteers; * HarborOne CU’s Credit for Life Fair, which has visited high schools since 2001. The Brockton, Mass.-based credit union has won awards for its fair, which is attended by thousands of students every year; and * Credit Union League of Connecticut, which held reality fairs statewide last year.
The Connecticut league recently received a Desjardins Youth Financial Education Award, in large part due to the league’s educational work supporting the financial reality fair throughout the state. The fair was created as part of the state’s REAL Solutions efforts. “We believe the first step needed to improve the economic environment within a family is access to information--and the earlier the better,” Kitsch said. “Mixing fun with learning creates a memorable experience that will remain with the students in the months and years to come.” “I have had the opportunity to be involved with reality fairs for more than 10 years,” said Tony Emerson, president/CEO of the Credit Union League of Connecticut. “When you get to see the recognition in a student’s face that financial decisions are important and do affect their daily lives, it is instant gratification that the fairs are worthwhile and effective.”
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