CHELSEA, Mass. (1/9/15)--A Finnish professor of economics recently visited Metro CU, Chelsea, Mass., because of the reputation the credit union has in financial education.
Metro CU president/CEO Robert Cashman (left) hosted Panu Kalmi, a Finnish professor of economics, earlier this week. (Metro CU Photo)
Robert Cashman, president/CEO of the $1.3 billion-asset credit union, hosted Panu Kalmi, professor of economics at the University of Vaasa in Finland, at the credit union's home offices while the professor attended a conference in Boston.
Kalmi's research focuses on alternative ownership structures of financial institutions, financial literacy and personal economics. Metro CU leaders sat down with Kalmi to explain how the credit union flourishes in these areas.
Cashman and Charlene Bauer, Metro senior vice president of business development/community relations, outlined the credit union's efforts to place credit union branches in local high schools, organize Reality Fairs and participate in other collaborative efforts with schools and community organizations.
Collaborating with programs such as CONNECT--a partnership of six organizations that seeks to increase long-term financial stability for area residents through job training, language education and financial coaching--helps deliver financial education to a broader audience, Cashman and Bauer explained.
Kalmi also learned about the financial literacy seminars Metro hosts throughout the year. The seminars cover home buying, understanding a credit score, life insurance and investments.