MADISON, Wis. (10/25/13)--Credit unions were featured prominently in an Oct. 21 GoBankingRates.com
article highlighting financial institution that offer strong local financial literacy programs.
The article, "20 Banks and Credit Unions Building Strong Local Economies Through Education," included 12 credit unions.
The credit unions included:
- America First CU, Ogden, Utah, which partners with two local elementary schools to help mentor students and support school programs. America First is involved in "Warm the Soles," a program that distributes new shoes to economically-disadvantaged students in Utah.
- Cy-Fair Federal CU, Houston, for a scholarship that recently presented $7,000 in scholarships to seven graduating high school seniors. The credit unions was also recently awarded the Boys and Girls Country 2012 "Friend of Children" designation.
- Dakota Plains FCU, Lemmon, S.D., which supports local children and schools through scholarship programs, drives and donations. This year, the credit union plans to issue a $250 scholarship to applicants from each of its five branches.
- Flag CU, Tallahassee, Fla., for its efforts in supporting education and the local community through partnership with local schools, supply donations and drives. Flag CU delivered donated school supplies to W.T. Moore Elementary just before this year's back-to-school season.
- Foothill CU, Arcadia, Calif., which developed the Classroom Improvement Grantto supply funds for academic awards, equipment educational software, special books or materials. Grants are awarded in $200 amounts and teachers/learning specialists don't need to be Foothill members to qualify.
- Great Lakes CU, Chicago, which employs the Credit Union National Association's "Mad City Money" program to teach high school students about finance through a series of real world role-play activities. The credit union also awarded six $1,000 college scholarships to local students.
- LA Financial CU, Los Angeles, which offers scholarships and an internship program for high school and college students who want to gain real world professional experience and learn more about credit union operations.
- Mission FCU, San Diego, for its "Mission 4 R Schools" program, which donates $25 to a school every time a member opens a Mission checking account; and "Mission 2 $ave," a financial literacy program for children. Mission was a 2012 recipient of the CUNA 2012 Desjardins Youth Financial Education Award for best youth savings program.
- MONEY FCU, Syracuse, N.Y., its scholarship program, which gives away $7,500 in scholarships to ten high school seniors, and donations to Father Chaplain's Guardian Angel Society, which provides tuition assistance, mentoring and educational aid to local children.
- Space City CU, Houston, which held its third annual Wolf Scholarship Golf Classic on November 5th 2012, an event that helped raise $10,000 for a new scholarship fund. The credit union 10 scholarships.
- Travis CU, Sacramento, Calif., for its contributions to the Mary Keith Duff Memorial Scholarship Fund and support of the local Boys and Girls club.
- Ventura County CU, Ventura, Calif., which partners with THRIVES and School on Wheels to donate books and other school supplies for local children in need.