HAMSHIRE, Texas (9/21/15)--Among the aims of Biz Kid$, a credit union financial literacy initiative that teaches children about money, is to inspire kids to become entrepreneurial. A Biz Kid$ Financial Education Grant from the National Credit Union Foundation recently helped some kids in Texas do just that.
The grant funded an initiative of the Cornerstone Credit Union Foundation. The foundation hosted a Pilot Biz Kid$ Entrepreneur Contest and awarded Hamshire-Fannett Middle School as the winner for their “Pencil Pouch” project.
The Cornerstone Credit Union Foundation is the charitable arm of the Cornerstone Credit Union League, which serves credit unions in Texas, Arkansas and Oklahoma.
“Cornerstone Credit Union Foundation’s pilot project’s entrepreneur contest is the perfect way to integrate Biz Kid$ into schools and help teach kids the skills and financial responsibilities necessary for starting their own business,” said Danielle Brown, director of development and donor Relations for the National Credit Union Foundation. “This contest can really help change the financial lives of the students.”
FivePoint FCU, Nederland, Texas, and Beacon FCU, La Porte, Texas, participated in this year’s pilot. Both credit unions collaborated with a local school where they selected up to three teachers each to work for the program. These selected classrooms worked with their partner credit union to create an original business plan to be presented to impartial judges.
Hamshire-Fannett Middle School partnered with FivePoint FCU and submitted “The Pencil Pouch,” while Horace Mann Junior School worked with Beacon FCU to submit “Sneaker Saviors,” a business that customizes old sneakers for people. Both were carefully planned, original projects that demonstrated the children’s knowledge of Biz Kid$ entrepreneurship concepts.
The project allowed for the students at Hamshire-Fannett Middle School to get hands-on experience with planning, setting-up and running their own business. They were able to learn entrepreneur skills and about the hard work it takes to be a small business owner.
“Students, educators, and credit unions collaborated in a meaningful way, and I’m confident that this experience gave students a better sense of what it takes to be a successful entrepreneur,” said Courtney Moran, Cornerstone Credit Union Foundation executive.
Biz Kid$ is a financial literacy initiative launched nationally in 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 9-16 years old. The foundation is responsible for the fundraising and outreach of the program, and a coalition of over 300 credit unions and affiliates from across the country have helped exclusively fund Biz Kid$.