Maine CUs receive prestigious, national Youth Financial Education Award for record-breaking 14th consecutive year
March 29, 2017
When it comes to youth financial education, the philosophy of the Maine Credit Union League and Maine's credit unions is clearly not, "If it isn't broke, don't fix it;" instead, "If it isn't broke, make it stronger." With Maine's credit unions reaching more than 17,000 Maine high school students, including nearly 7,000 through one of the Financial Fitness - Money Management Experience Fairs, during the 2015/16 school year, the commitment of Maine's credit unions to helping Maine students to better understand personal finance and money management is stronger than ever.
As a result of the unyielding and tireless dedication and initiatives in promoting youth financial education in Maine, the Maine Credit Union League recently received an unprecedented 14th consecutive national Desjardins Award for Youth Financial Education from the Credit Union National Association (CUNA).
The Awards Judges were impressed by the longevity that Maine's credit unions have been at youth financial education. "The work of Maine's credit unions with youth financial education remains a model for others. Maine's credit unions, with the support of the Maine Credit Union League, are doing some really impressive work in helping Maine students to better understand money management. We congratulate Maine credit unions for making a difference in the lives of 17,000+ Maine youth."
Jon Paradise, Vice President of Governmental and Public Affairs for the Maine Credit Union League, said, "Nearly every Maine credit union is involved and engaged in youth financial education, either through one of the many fairs that took place last year, and/or going into classrooms to teach students basic money concepts. We are making progress but we know we have a long way to go. The pay-off benefits us all because youth who understand money management overwhelmingly tend to be better and more savvy consumers as adults."
The League received the Award earlier this month at a Reception in Washington, D.C. Paradise said the upcoming month will see an even greater focus on youth financial education as April is National Credit Union Youth Month. "Most Maine credit unions will be holding special events and activities to help not only young members with personal finance but to educate parents on ways in which they can help their children improve their financial literacy."