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News Now

CU System
Winner of National Fin Lit Poster contest a CU member
WASHINGTON (4/15/11)--A ninth grade student from West Palm Beach, Fla., who is the winner of the National Foundation for Credit Counseling's (NFCC) 2011 National Financial Literacy Poster Contest, is a credit union member. Jordan Lane-Palmer, a student at A.W. Drewfoos Jr. School of Arts in West Palm Beach, was one of more than 1,800 students nationwide who submitted posters around the theme, "Be a $uperhero! $ave Money!" Making smart money decisions is nothing new to Lane-Palmer, who credits his mother and grandmother with teaching him sound money habits and raising him with an appreciation for money, said NFCC in a press release. "He recently put those early life lessons to work by consistently depositing his allowance into his local credit union account, and allowing the money to grow until he had saved enough to reach his short-term goal of purchasing a robot modeling kit," said NFCC. That let him to bigger savings goals. His new goal is saving for college. "Once you decide to escape from destructive spending habits and follow a stable path for money management, you move closer to fulfilling your dreams for yourself and your family," said Lane-Palmer. The contest introduces young people to the concept of financial literacy and allows them to express their understanding of it through art. At the Jump$tart Coalition Annual Awards Dinner Wednesday night in Washington, D.C., NFCC presented him with the grand prize--a $500 savings bond. While in Washington, he toured the U.S. Bureau of Engraving and Printing, and met with Federal Reserve Chairman Ben Bernanke and Secretary of the U.S. Treasury Rosie Rios.


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