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CU System
Two CUs receive first-place Calif. Desjardins awards
RANCHO CUCAMONGA, Calif. (8/23/10)--Two California credit unions received first-place in their asset categories in the state-level Desjardins Youth Financial Education Awards, announced the California Credit Union League. Travis CU, Vacaville, and Mission SF FCU, San Francisco, were recognized for their leadership on behalf of youth financial literacy. Travis won in the $500 million and above asset category for its collaboration with a community leader coalition to connect Solano County foster youth by age 25 to opportunities to help them succeed as adults. It provided financial responsibility tools through the Money Matters program and helped 50 youth become more financially stable with training and a savings account. Mission won in the less than $50 million asset category for its Prize-linked Accounts for Youth (PLAY) program. PLAY provided children and youth with a free savings account and hands-on instruction in personal finance and building a savings habit. Five youth groups and about 50 youths participated in a pilot program this year. Each youth set a personal savings goal and learned finance basics. The credit unions reached out to an underserved and low-income population in need of financial literacy education, said Catherine Arra, league credit union growth manager and state Desjardins Award administrator. The two credit unions will advance to the national award competition presented by the Credit Union National Association. A third credit union, Redwood CU, Santa Rosa, received an honorable mention in the $500 million and above category for providing the National Endowment for Financial Education's High School Financial Planning Program to area high school students.


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