RAINBOW CITY, Ala.–– Family Savings Credit Union said it has partnered with Jacksonville State University to launch the Family Savings Credit Union Financial Wellness Program for all Jax State students.
During a reception announcing the partnership, the credit union presented a check for $250,000 to university President Dr. Don Killingsworth and JSU Foundation Executive Director Dr. Alan Medders.
According to the credit union, the new Family Savings wellness program aims to “raise the level of financial literacy for those students attending the university.” Students will have access to classes, including presentations and hands-on experiences, on topics that include budgeting, reading and improving their credit report/score, paying student loans, filing taxes, and much more.
“We could not be prouder of the opportunity to work with the students at JSU. Improving financial literacy is our mission. In our line of work, we see every day the knowledge gap between knowing how to be financially secure in one’s future and being dependent on high-cost credit and long-term debt. Family Savings is proud to be a small part of the solution for these students," said Family Savings Credit Union President and CEO Danny Varnon.
Students Lack Financial Knowledge
Added Dr. Killingsworth, "Unfortunately, we see more and more students not having the financial knowledge they need to be successful. Any of the broad knowledge that you need as a working adult, or any working person really, that they may not have been exposed to prior. Not in the classroom, not in textbooks. This is just working knowledge that you need to be a successful person."
The $879-million Family Savings CU has more than 75,000 members.
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