MANSFIELD, Texas (7/10/12)--Texas Trust CU in Mansfield, Texas, has formed a youth council to help educate the younger generation about avoiding too much reliance on credit and a heavy debt.
The $671 million-asset Texas Trust's Youth Advisory Council aims to train high school students how to handle money and take personal financial responsibility. Twenty students will be selected to join the council, based on an application process (LoneStar Leaguer July 9).
Today's youth are technology literate, yet fall short on financial issues.
"The recession has been a financial eye-opener for a lot of consumers," Amber Danford, vice president of marketing for Texas Trust, told the Texas Credit Union League. "Many were unprepared for the downturn, resulting in a large number of personal financial crises."
Financial literacy is the key goal of the council, although members will also receive training in service leadership, marketing, public speaking and presentation development. Council members will also participate in a community service project and volunteer at community events that Texas Trust sponsors.
There will be two councils for the 2012-2013 school year. The first session runs from August through December. The second council will be from January through May. Area high school students enrolled in public, private, charter or home schools are eligible.
The credit union is accepting applications for the first council session through July 21.