Financial education leadership the focus of credit unions’ Financial Capability Month activities
Monday, May 4, 2015
ST. PAUL, Minn. –Throughout Financial Capability Month in April – as proclaimed by Minnesota Gov. Mark Dayton – the Minnesota Credit Union Network (MnCUN) and credit unions throughout the state held events to showcase year-round efforts to provide financial education to credit union members and communities.
Below are some of the many events that Minnesota credit unions celebrated in April to highlight projects and programs designed to address the financial education needs of Minnesotans of all ages:
April 6 – Accentra Credit Union & AARP Tax Services, Austin
Minnesota Department of Commerce Commissioner Mike Rothman toured the AARP Tax Services center at Accentra Credit Union in Austin to kick off Financial Literacy Month. The Austin AARP tax preparation site serves 1,500-2,000 area seniors and low income residents every year.
April 21 – Mid Minnesota Federal Credit Union & Bridges of Hope, Brainerd
Minnesota Department of Commerce Deputy Commissioner Shane Deal, joined MnCUN and Mid Minnesota Federal Credit Union at a “Your Money, Your Goals” training session at Bridges of Hope, a nonprofit organization that serves Crow Wing County and surrounding communities. “Your Money, Your Goals” is a toolkit developed by the Consumer Financial Protection Bureau (CFPB) that credit unions can use to train non-profit groups who work directly with consumers, as well as to educate their own members on setting financial goals and managing money, credit and debt.
April 21 – Collegeville Community Credit Union & Saint John’s University, St. Cloud
Minnesota Department of Higher Education Commissioner Larry Pogemiller, Deputy Commerce Commissioner Deal and MnCUN visited Collegeville Community Credit Union’s Sexton Commons branch on the campus of Saint John’s University. The Collegeville Community Credit Union location is the first student-run credit union branch on a university campus in Minnesota and was opened with support from a grant received from the Minnesota Credit Union Foundation.
April 28 – Fifth Annual Financial Capability Roundtable, St. Paul
CFPB Director Richard Cordray and MnCUN participated in the Fifth Annual Financial Capability Roundtable organized and led by the Minnesota Department of Commerce. Active partners with the Commerce Department in providing financial education, Minnesota credit unions played a key role in the event. United Educators Credit Union presented on its partnership with Sand Creek Elementary in Coon Rapids, where the credit union provides financial education resources to students. A group of first graders from the school also sang “Pennies, Nickels, Dimes, Quarters,” a song that teaches children how to count money, at the event. Two student workers from Ideal Credit Union’s branch at Tartan High School also participated in the event and shared their experiences working at the school’s branch.
April 29 – Cook Area Credit Union & South Ridge School, Culver
Cook Area Credit Union celebrated the grand opening of its newest student-run credit union branch at South Ridge School. To help establish the newest branch at South Ridge School, Cook Area Credit Union received a financial education grant from the Minnesota Credit Union Foundation, which funds initiatives that positively impact credit union members and communities throughout the state. Cook Area Credit Union now operates two branches operated in K-12 schools, increasing the total number of student-run credit unions in Minnesota to seven, including four located in high schools and one at a university.
“Credit unions are proud to partner with communities and organizations on financial education projects for people of all ages across the state,” said MnCUN President & CEO Mark Cummins. “The combined skills and expertise created by these partnerships helps build a stronger financial future for all Minnesotans.”
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.6 million members at 400+ branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit www.mncun.org.