MERIDEN, Conn. (5/24/13)--
Barbara Bass, vice president of education and human resource development at the Credit Union League of Connecticut, accepts a proclamation by Connecticut Gov. Dannel P. Malloy praising Connecticut credit unions' Financial Reality Fair program from Fred Brown, director of marketing and member development of Northeast Family FCU. (Photo provided by the Credit Union League of Connecticut)
Connecticut Gov. Dannel P. Malloy has sent an official proclamation to the Credit Union League of Connecticut praising the value of its Financial Reality Fair program. The program is sponsored by Connecticut credit unions.
In his proclamation, Malloy encouraged all citizens of the state to engage in education about financial management for personal well-being.
"I congratulate the Credit Union League of Connecticut for organizing and hosting this event and applaud all students in attendance for making the decision to take charge of their financial futures," said the proclamation. He encouraged "all citizens of Connecticut to engage in education about personal finances through events such as the Financial Reality Fair."
Fred Brown, Hartford Chapter president and director of Marketing and Member Development, Northeast Family FCU in Manchester, presented the proclamation to Barbara Bass, the league vice president of education and human resource development, at a recent chapter quarterly meeting.
During the 2012-2013 school year, Connecticut credit unions provided seven fairs hosting more than 2,800 high students from 72 schools. In the past five years since its inception, the Connecticut program has engaged more than 12,000 high school students in learning to budget basic living expenses and lifestyle choices according to their chosen field of future employment.
More than 100 credit unions and businesses have participated and/or donated their time, effort, and monetary contributions to make this program not only successful, but also essential to the future of participants in the local as well as national economy.
"What makes this program so worthwhile," said Bass, "is the fact that when money management skills are learned early on, good financial habits are instilled and carried forward for a lifetime of security and success."
Since Connecticut began conducting Reality Fairs, the idea has caught on in a number of states. The National Credit Union Foundation's REAL Solutions program champions programs such as reality fairs and has encouraged them. In February, NCUF hosted its Financial Reality Fair during the Credit Union National Association's Governmental Affairs Conference in Washington, D.C. (News Now Feb. 12).
Leagues and credit unions throughout the nation have been active in the interactive financial literacy tool for high school students.