Students of
Centerville High School open accounts for fellow students at CHS CU, a
student-run branch of Day Air Credit Union.
OPPORTUNITIES FOR OUTREACH
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A reporter from
the Cleveland National Public Radio station interviewed
students of Woodland Hills Elementary School during the
Cleveland stop of the statewide media tour for
MoneyAndStuff. |
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Students of Lima
West Middle School who attended the launch were excited
about the interactive games available on MoneyAndStuff.info. |
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Students of
Theodore Roosevelt High School show off their MoneyAndStuff
t-shirts after checking out the Web site. |
MoneyAndStuff
makes the "money talk" painless
Many parents try to talk to their
children about making the right choices when it comes to smoking,
drinking, and dating. But many fall short when it comes to the
"money talk," revealed a study commissioned by the Ohio Credit
Union League. Thanks to MoneyAndStuff, the League's new statewide
financial education initiative, the "money talk" is now the
easiest talk to have with kids. MoneyAndStuff will position Ohio credit unions as resources of and experts
in financial education.
As Ohio credit unions
step up their financial education commitment with MoneyAndStuff,
the League's goals include:
►Meeting
a significant public need through leadership and coordinated
action by Ohio Credit Union League-member credit unions.
►Offering a unique service and
resource to emerge from the clutter.
►Building dependence on the League
and Ohio credit unions as expert sources for the media and elected
officials.
Rather than reinventing
the wheel, the League has taken curriculum from the National
Endowment for Financial Education, Biz Kid$, ThriveByFive, and
other high-quality, respected financial education instructional
programs and packaged them to create MoneyAndStuff. The resources
are divided into core financial concepts for various age groups
and knowledge levels, making it easy to identify and choose
materials. These user-friendly financial education tools are
universally available via the Internet at
www.MoneyAndStuff.info for parents,
educators, students, and credit unions at no cost. Thanks to
MoneyAndStuff, financial education has become an accessible,
turnkey opportunity.
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Home Loan Payment Relief Program
The Credit Union National Association's Home
Loan Payment Relief (HLPR) initiative allows first-time home
buyers of modest means to access reasonable mortgage loan rates.
Participating credit unions offer a three-year adjustable rate
mortgage at 1% point lower than the national average to qualified
borrowers. The rate will be fixed for the first three years and
after three years the rate will adjust annually to market rates,
with rate adjustments capped at 1% per year, and 5% over the life
of the loan. Visit the link below for additional information.
►Home
Loan Payment Relief initiative
VITA Sites
The Volunteer Income Tax
Assistance (VITA) Program offers free tax
help to low- to moderate-income (generally, $40,000 and below)
people on preparing their tax returns. Certified
volunteers sponsored by various organizations receive training to
help prepare basic tax returns in communities across the country.
VITA sites are generally located at community and neighborhood
centers, libraries, schools, shopping malls, and other convenient
locations. A small number of Ohio credit unions sponsor and/or
host VITA sites. Most locations also offer free electronic filing.
►IRS'
VITA Web site
IRnet (International
Remittance Network)
A reliable,
competitively-priced international money transfer service operated
by the World Council of Credit Unions. Remittances can be sent to
more than 40 countries worldwide with more than 33,000 points of
payment. Credit unions can engage the unbanked in their community
by adding money transfer services to their product lineup. For
more information about IRnet, contact League Outreach Manager
Laura Busque at (800) 486-2917 or
lbusque@ohiocul.org.
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FINANCIAL EDUCATION RESOURCES |
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 High
School Financial Planning Program
The National Endowment for Financial
Education (NEFE) has unveiled an updated version of its High
School Financial Planning Program (HSFPP). Consisting of an
instructor’s manual, student guide, and Web site, the HSFPP
teaches creating a financial plan, budgeting, good and bad debt,
insurance, and more to high school juniors and seniors. Available
at no cost, the NEFE HSFPP creates many opportunities for credit
unions to work with local high schools
http://www.nefe.org/
 Biz
Kid$
A half-hour Public Broadcasting
System television series on
entrepreneurship and financial literacy that teaches youth how to
make and manage money. The show is entirely underwritten by
America’s Credit Unions. Each episode
of Biz Kid$ is accompanied by teaching materials, developed
by Junior Achievement, that can be used in the classroom and at
home to expound upon the information discussed in the TV series.
The teaching materials for the first season are available online
at
www.bizkids.com. The web site has been
updated with video clips, an episode guide, and a student blog.
Promotional materials are available on the National Credit Union
Foundation’s web site. Credit unions can customize the materials
by adding the channel(s) and air time(s) in their area. Materials
available for promotion include a: brochure, flyer, postcard,
poster, and statement stuffer.
Thrive by Five
 Designed by the Credit Union National
Association, teaches preschoolers about spending and saving
through a variety of parent-child activities. Available at no
cost, the eight activities teach children how money works and what
it can do, how a family uses money, and good money management
skills. Activities are available for download in English and
Spanish at
www.creditunion.coop.
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