Key Financial Education Initiatives for Wisconsin Credit Unions
Support for Wisconsin Schools
More than 100 youth-run, in-school credit union branches statewide help young people develop a habit of saving. Research has shown that credit unions' practice of supporting in-class financial learning with access to savings accounts positively impacts young people's financial behaviors.
Credit unions also provide schools with free teaching materials, assist with classroom presentations and host interactive reality fairs that engage students in financial decision-making. In addition, credit unions engage teams of students from local schools in a statewide Finance and Investment Challenge Bowl.
Support from credit unions has helped school districts implement their own financial education requirements for student graduation or be better positioned for a new law that requires financial literacy standards and curriculum. Print a summary of how teachers can use credit unions to advance their efforts.
National Institute of Financial & Economic Literacy
Credit unions sponsor local teachers (and employees) who offer financial lessons in the community to attend a series of summer workshops in Madison that help them improve the financial lessons they offer their students.
Certifying Financial Counselors Offering Free Assistance
A partnership involving The League, the Credit Union National Association, the National Credit Union Foundation, the Wisconsin Credit Union Foundation and credit unions is helping to certify more financial counselors within Wisconsin credit unions. This effort reduces the cost for more credit unions to certify their staff, extending free financial counseling more broadly and effectively across the membership. Wisconsin credit unions provide more than 500,000 hours of free financial counseling to their 3 million members annually to refinance debt, create budgets, help members weather financial setbacks, plan for educational costs and much more.
National Credit Union Youth Month
This is an annual event for which credit unions provide activities and contests to teach young adults about the importance of saving early.
Money Smart Week
This is a joint effort by partner organizations to hold events, workshops and presentations that offer financial education. Events are held for all age groups and focus on helping people learn to better manage their personal finances. Credit unions are invited to become event partners.