Financial literacy programs that work - NCPCU - Home · • Biz Kid$ has aired on over 340 public TV stations, reaching 98% of the country. • Episodes have been broadcast more than

FINANCIAL LITERACY PROGRAMS

THAT WORK

NCPCU Annual Convention

May 1, 2017

ENGAGE – INFLUENCE - IMPACT

CREDIT UNION PHILOSOPHY

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A cornerstone of the credit union People Helping People philosophy


FINANCIAL LITERACY PROGRAMS OFFERED

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FINANCIAL REALITY FAIRS

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• Designed for high

school students

• Students experience

real life financial

challenges

• 2-hour event exposes

students to financial

responsibility that

comes with adulthood


FINANCIAL REALITY FAIR

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• Career/Starting Salary

• Essential Booths:

• Housing

• Furniture

• Transportation

• Cellphone

• Clothing

• Food

• Insurance

• Wheel of Reality


FINANCIAL REALITY FAIRS

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• Non-Essential Booths:

• Electronics

• Entertainment

• Lifestyle (salon, gym)

• Part-Time Job

• Pets

• Travel



• Financial Counseling

• Discuss loans, credit scores, interest rates, saving & investing

• Encouraged to save a minimum of 10% income

• placing 3% in a long term retirement investment

• 7% in a shorter term investment

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• Building community relationships

• Schools and School Administration

• Students and parents – POTENTIAL MEMBERS!

• Credit union awareness

• Practical understanding of what a credit union does

• Live illustration of People Helping People

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IN-SCHOOL BRANCHES

• Partnership between credit union

& a school/district

• Student-run, providing hands on

experience in financial setting

• Learn lifelong career skills-

organization, handling money,

teamwork

• Learn responsible saving &

spending habits, financial

planning

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IN-SCHOOL BRANCHES

• Foundation for future membership

• Increase visibility & build relationships

• Identify & recruit credit union employees

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IN-SCHOOL BRANCHES

Do your homework

• Visit CU in-school branch

• Consider benefits to

students & your credit union

• Meet with school/district

representatives

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IN-SCHOOL BRANCHES

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First Financial FCU

• Educational based credit union

• 6 student run branches

• 3,000 active members

• 277 student interns since 2006

• 5 former interns are now FT

employees

• Celebrated 10 years of first in-

school branch


MILLIONAIRE’S CLUB

• The Millionaire's Club is a high school-

level, club-like financial literacy

experience

• Delivered after school, in-class, or in

community settings.

• Cirriculum developed by the National

Endowment for Financial Education

(NEFE).

• Materials are provided at no cost

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• Club sponsorship is a

perfect means for credit

unions to demonstrate:

• Support for financial

literacy

• Protect their nonprofit

status

• Prepare young adults

for financial freedom

• Grow membership

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Getting Started

• New clubs are seeded through

a three-year grant investment

provided by credit union

sponsor

• Funding is used for team

competitions:

• The Stock Market Game

• The Personal Finance Challenge

• Cover entrepreneurial project

start-up costs

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Sponsor Commitment

• Club coursework is led by professional educators at host high schools

• Sponsors supplement curriculum with occasional guest speaking engagements on topics you are familiar with...

• Avoiding identity theft

• Choosing a financial institution

• Responsible borrowing

• Three to six 30-minute visits per school year



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• Club Agreement:

• One-page document outlines

expectations of partnership

• Provides general guidance to

what Clubs can expect from

their Sponsor

• What is expected from the

Club's host site and its

Advisor



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Ensuring Club’s Future:

• Members sustain their

Club through

entrepreneurial projects

that generate funding

• Coffee delivery

service

• School stores

• School spirit

apparel



Maryland Snapshot

• 36 clubs in MD high schools

• 11 jurisdictions – nearly 50%

• 13 sponsoring credit unions

• 1,520 students per year

benefit from participation

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BIZ KID$

• National financial literacy initiative through the National

Credit Union Foundation that teaches kids about money

and business

• Objective of Biz Kid$ is to engage young people and help them

develop life skills in the areas of financial literacy and

entrepreneurship.

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BIZ KID$

• Initiative includes:

• Emmy award-

winning television

series

• Free classroom

curriculum

• Outreach activities

• Website targeting

kids 9 – 16 years old

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BIZ KID$

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BIZ KID$

The Impact of Biz Kid$

• Biz Kid$ has aired on over 340 public TV stations, reaching 98% of the country.

• Episodes have been broadcast more than 373,000 times since 2008.

• Since the series launched in 2008, it has reached more than 77.1 million viewers. In an average year, Biz Kid$ reaches 9.6 million viewers.

• Biz Kid$ has reached over 10.8 million parents, educators, and students through education outreach projects.

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BIZ KID$

Recognition

• Biz Kid$ has received two national Daytime Emmy Awards & thirteen Emmy nominations, including a nomination for outstanding children’s series.

• The Internal Revenue Service has adopted Episode 401 – A World Without Taxes – for their education outreach across the country.

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RESOURCES

• Financial Reality Fair: contact your local league

• Millionaire’s Club: millionairesclub.org

• Biz Kids: bizkids.com

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THANK YOU!

Contacts

• Leigh Philibosian: VP of Engagement

[email protected] | 443.325.0768

• Michelle Byrnie-Parker: VP of Public Affairs

[email protected] | 443.325.0769

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mailto:[email protected]

mailto:[email protected]

Documents

Financial literacy programs that work - NCPCU - Home · • Biz Kid$ has aired on over 340 public TV stations, reaching 98% of the country. • Episodes have been broadcast more than