|Patelco CU, Schools Financial CU, First US Community CU, and Sacramento CU presented a Bite of Reality event April 8 at Pleasant Grove High School in Elk Grove.|
YOUTH FLOCK TO FIN. LITERACY EVENTS
updated 04/22/14 12:07 PM
CUs Catch the 'Save Wave'
Credit unions in California and Nevada are celebrating National Financial Literacy Month and National Credit Union Youth Week™ (April 22-27) with a number of programs and events.
In addition, nine credit unions and two chapters are holding "Bite of Reality" events throughout both states, reaching nearly 1,000 students.
The hands-on simulation Bite of Reality program is offered by the Richard Myles Johnson Foundation (RMJ), together with the California and Nevada Youth Involvement Network. It is designed to teach young people the basics of finance in a fun, interactive way. Participants are given a fictional occupation, salary, spouse and family, student loan debt, credit card debt, and medical insurance payments.
They then visit various table-top stations to "purchase" housing, transportation, food, clothing, household necessities, day care, and other needs. A "credit union" table is available to help those who experience the unpleasant consequences of spending beyond their means.
Those that have hosted or will be hosting events in April include: Bay FCU, Delta Schools FCU, Desert Valleys FCU, First US Community CU, Patelco CU, Redwood CU, Sacramento CU, Schools Financial CU, and United Health CU as well as credit unions involved with the Beach Cities Chapter, including Kinecta FCU and SkyOne FCU, and the El Camino Chapter, including San Francisco FCU, San Mateo, Sequoia FCU, SF Police CU, and United Health CU. The Southern Nevada Chapter held an event at the end of March while California CU, Greater Nevada CU, and SchoolsFirst FCU have events planned for May.
By the end of May, an estimated 1,378 students will have been reached so far this year. In 2013, "Bite of Reality" programs reached nearly 1,300 students.
This year’s Youth Week theme is Catch the $ave Wave™, and many credit unions, including Redwood CU and Kinecta FCU, were getting in the act by providing incentives to help young people save.
Some of the many other activities for the month included: