LAS VEGAS (9/10/14)--A Biz Kid$ Financial Education Grant from the National Credit Union Foundation (NCUF), helped Silver State Schools CU develop a program to teach elementary students the importance of saving.
|Noah, a fifth-grade student at Walter Bracken Elementary School, holds the money he saved through Silver State Schools CU's "Piggy Bank Project." (National Credit Union Foundation Photo)|
Silver State Schools CU, Las Vegas, with $655 million in assets, used the funding to launch "Piggy Bank Project," a collaborative effort initiated jointly with Walter Bracken Elementary School, The United Way of Southern Nevada, Young Philanthropist Society, Junior Achievement, and the Andson Foundation to offer real savings accounts for elementary students, while also providing in-class financial education to reinforce the habit of saving money.
Using Biz Kid$ videos in the classroom, students learned the important concepts of needs vs. wants, goals, budgeting and smart spending.
The project also included an on-campus piggy bank, which gave students the chance to put into practice the lessons they learned in the classroom.
"Collaborating in the community to provide financial education to youth through Silver State Schools CU's 'Piggy Bank Project' is a great example of the credit union mission in action," said Danielle Brown, NCUF director of development and donor relations.
NCUF's "Grant at Work" series highlights grantees who made a positive impact in their communities and empowered consumers to achieve financial freedom through credit unions. NCUF grants are made possible by foundation supporters.
Biz Kid$ is a financial literacy initiative launched nationally in January 2008 that teaches kids about money and business. The initiative includes an award-winning TV series, free classroom curriculum, outreach activities, and a website targeting children ages 9 to 16. NCUF is responsible for the fundraising and outreach of the program, and a coalition of more than 300 credit unions and affiliates from across the country have helped exclusively fund Biz Kid$.