BRIDGEWATER, N.J. (1/30/15)--When fifth- and sixth-grade students from PS 22, Jersey City, N.J., took part in the financial learning experience BizTown this week, they learned about financial institutions not from a bank, but from a credit union.
The New Jersey Credit Union League gave a mock-financial institution a facelift last year, turning the bank branch in Junior Achievement's BizTown into a credit union branch. (New Jersey Credit Union League Photo)
Last year, the New Jersey Credit Union League transformed what was previously a bank branch into a credit union branch for BizTown, a hands-on financial learning experience coordinated by Junior Achievement. Students act as citizens of a "real" town and get a feel for employment, earning and spending money, paying bills and running a business.
Credit union representatives again volunteered for this week's event, not only running the "New Jersey Credit Union CU," but also the entire event.
BizTown operates similar to Reality Fair events where kids are handed life situations that they must consider while spending money on things they need and things they want.
In the case of BizTown, however, the students are running an entire town.
The credit union volunteers helped guide the students from PS 22 throughout the day as they managed their businesses, cashed paychecks, voted on important BizTown legislation, paid taxes, bought goods and more.