RICHMOND, Va. (8/26/13)--Virginia-based credit unions reached 21,174 students during the 2012-2013 school year through 499 personal finance classroom presentations, according to the Virginia Credit Union League's Credit Unions Care Foundation.
The efforts of Virginia's credit unions were recognized recently by the National Youth Involvement Board (NYIB). Virginia credit unions captured sixth place nationally in number of students reached and seventh place nationally in the number of classroom presentations conducted.
NYIB collects financial education data each school year from the nation's credit unions, asking credit union employees and volunteers to report the number of personal finance presentations made to students, the specific topics covered, and the number of students reached during each presentation.
"Few decisions affect us more directly than the ones we make about our money," said UVA Community Credit Union's Rebecca Cardwell, chairwoman of the Credit Unions Care Foundation of Virginia's Financial Education Committee. "And as we've learned the past few years, financial illiteracy not only takes a terrible toll on the individual, it can also have a deep and lasting impact on our communities and society as a whole."
Virginia-based have reached 261,675 students with lessons on basic budgeting and money management since 1999.
"Virginia's not-for-profit credit unions have a long history of educating consumers about money management basics," says Virginia Credit Union League President Rick Pillow, a member of the Credit Unions Care Foundation's board of directors. He noted many credit unions in Virginia, and nationwide that "are working together to share resources and best practices in ensuring our young people grow up to be financially savvy adults, capable of making informed decisions in managing their money."
Nationally, credit unions reached 400,000 students in 12,243 classroom presentations during the 2012-2013 school year, said NYIB.