BRAINERD, Minn., and COLLEGEVILLE, Minn. (4/24/15)--The Minnesota Credit Union Network (MnCUN) and MidMinnesota FCU, Baxter, welcomed a special guest during a recent "Your Money, Your Goals" training session.
Shane Deal, deputy commissioner of the Minnesota Department of Commerce, joined the session held at Bridges of Hope--a local nonprofit--to learn about the program, which allows credit unions to help low-income consumers set goals and choose financial products that build strong financial habits.
Credit unions also use "Your Money, Your Goals," a toolkit developed by the Consumer Financial Protection Bureau, to train local nonprofits such as Bridges of Hope to serve low-income consumers.
"Personal finances can be a tough topic for families to discuss," Deal said. "The training MidMinnesota provides to nonprofits like Bridges of Hope helps start the conversation and gives Minnesotans of all ages a stronger foundation of financial skills."
Following the training session, Deal and Larry Pogemiller, commissioner of the Minnesota Department of Higher Education, joined MnCUN on a visit to a student-run credit union branch started by Collegeville Community CU in Sexton.
The branch, which is the first student-run branch to open on a college campus in Minnesota, was founded with financial support from the Minnesota Credit Union Network Foundation.
"Financial education is a lifelong learning experience," Pogemiller said. "Collegeville Community Credit Union's student-run branch provides students with opportunities to share the financial knowledge they gain on the job with their classmates and to develop experience that can help them in their future careers."
Both events were held in celebration of National Financial Literacy Month, and to demonstrate the commitment credit unions throughout the state have made to financial education.