The Cornerstone Credit Union League has awarded Education CU with a first place award in the Desjardins Youth Financial Education award, asset category $150-$500 million
The Cornerstone Credit Union League has awarded Education CU with a first place award in the Desjardins Youth Financial Education award, asset category $150-$500 million. The credit union’s entry has now advanced to CUNA for judging at the national level.
Since 1935, the credit union says its mission has been to excel in service, care and financial protection for their members and families. During the 2012-13 school year, Education CU provided in-class instruction in 37 schools in six districts from the surrounding area. During this time, the credit union also participated in an event that reaches high school students from five other districts in their region.
The credit union gave financial education instruction to more than 5,700 students during the 2012-2013 school year. The youngest students that benefitted from these programs were in the first grade and the oldest students were soon to be in high school.
Education CU was founded by educators, so learning and instruction are integral parts of our daily operation, according to Matt Morgan, financial educator/marketing specialist with the credit union.
“Our commitment to financial literacy in the Texas Panhandle is strong,” says Morgan. “We realize that the children and students we are educating today are the adults who will be applying for credit cards and car loans tomorrow. Their financial success is not only important to them, but it is paramount for the future success of our credit union.”
Financial instruction at Education CU hasn’t been limited to the classroom. Education CU seeks to provide financial education through media commonly used by teens. The credit union provides helpful articles and tips via Facebook and Twitter. According to Morgan, the Facebook page has grown tremendously and now has 1,400 likes. Education CU has also continued to provide real-life stories and content on its blog page.
The credit union complements its financial education outreach with products and services. For example, children ages one to 10 have the opportunity to participate in the Scottie Savings Program, while teen members enjoy two unique accounts. The credit unions Brass Account, for example, provide teens with a quarterly Brass magazine that features financial articles written with teens in mine. Education CU’s teen checking account, MyCard, gives teens the freedom of a debit card, while allowing parents to maintain control of the account.