To Mark Financial Literacy & Youth Month, LSCU and Foundation Intro New Empowerment Tool

TALLAHASSEE, Fla. – To mark Financial Literacy and Youth Month, the League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) and the Southeastern Credit Union Foundation have announced a new Empowerment Through Financial Education program.

The program offers informational resources and templates for credit unions to share with their members such as how to budget while in college, understanding credit reports and credit scores, and how to utilize mobile banking, the organizations said.

In addition, the SECUF said it is also celebrating by offering the new and improved “Books Make Cents” program.

“This initiative is an interactive way to introduce students to credit unions and basic financial concepts, while building relationships with schools and community partners. The Books Make Cent$ program provides book recommendations and associated lesson plans for preschool, elementary, and middle school levels,” the SECUF said. “In addition to providing these financial-related books, we will also include lesson plans, found here, to pair with each book, making this an optimal student engagement opportunity.”

‘Taking Charge’

The SECUF sad the Enrich Credit Union Employee Financial Wellness program, also offered by the SECUF, is another way for credit union employees to take charge of their financial wellbeing. The Program was created in 2020 to support credit unions by providing financial educational resources to employees in hopes that these resources would implement positive, financial change. These resources help employees create better financial plans for their future, which in turn, fosters a healthier work environment.

The tool is made available to all LSCU & Affiliates members and is provided at no cost at all to affiliated credit unions. For more information on this program, click here.

High Priority in Alabama

According to the organizations, in Alabama, increasing financial education opportunities continues to be of high priority to LSCU and the state legislature.

“The 'Making $ense' Coalition, brought forth by Rep. Andy Whitt, will help Alabamians learn about the importance of financial education and how they can create a financial education plan for Alabama,” the organizations said. “This plan is anticipated to take place at the beginning of the 2023 session.”

The League of Southeastern Credit Unions said it was also “excited” to be a part of Florida's student financial literacy bill recently signed by Gov. Ron DeSantis. The bill requires high school students to take a half-credit personal finance course before graduation. The state financial literacy class will include topics such as opening and managing a bank account, balancing a checkbook, and completing a loan application.

Georgia Following Florida’s Lead

“After hearing about the financial literacy bill passing in Florida, Georgia legislators came together to finalize a bill requiring a half-course credit financial literacy high school graduation course to be completed in either 11th or 12th grade,” the league said. “This new graduation requirement will be implemented in the 2024-2025 school year to provide adequate time for curriculum development and implementation.”

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