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Sanders announces 130000 grant for AVCU fin ed effort
SOUTH BURLINGTON, Vt. (7/7/09)--U.S. Sen. Bernie Sanders (I-Vt.) announced last week that the Association of Vermont Credit Unions (AVCU) would receive a $130,000 federal grant to improve the financial literacy of Vermont's middle school and high school students. Sanders invited AVCU President Joe Bergeron and Vice President Bryan Kent to join him in making the announcement at a press conference in Sander’s office Wednesday. “We have a responsibility to provide young Vermonters with the tools and the education they need to make sound financial decisions later in life,” said Sanders, who has been a champion of credit unions throughout his political career. He said he hopes the program will make students aware of the realities they face when making decisions about financial institutions. “If it sounds too good to be true, the likelihood is that it is too good to be true,” he added. The association is completing grant-required documentation and determining how to maximize the opportunity that Sanders’ work has made possible, the association said. “We anticipate that this two-year grant will be used, at least in part, to contract with a statewide credit union youth financial literacy coordinator,” Bergeron said. The coordinator’s responsibilities would include the advancement of financial literacy for Vermont’s youth by using the knowledge and experiences of credit unions statewide.
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