America Saves Week: Franklin Mint sets children up for financial success
As part of America Saves Week, NAFCU is highlighting the efforts of member credit unions with strong financial education programs that encourage members to save and strengthen their personal finances. Today, see how Franklin Mint Federal Credit Union (Chadds Ford, Pa.) is preparing younger generations to successfully handle finances.
FMFCU supports education and financial literacy through The Berenstain Bears Financial Literacy Program. Developed exclusively by FMFCU in coordination with The Berenstain Bears writers, FMFCU took its commitment to financial literacy nationwide as it established the Credit Union Network for Financial Literacy to allow credit unions around the country to offer the program.
The Berenstain Bears Financial Literacy Program encourages an early introduction into financial literacy by teaching age-appropriate money management concepts and using hands-on learning activities to share the benefits of credit union membership and good financial decision making with children aged 5-12.
FMFCU in 2013 established Bear Country Credit Union and provides financial assistance for school field trips to the financial literacy center; thousands of students visit every year. In addition, FMFCU certified educators visit schools to help teachers educate students on the “Save, Share, Spend, Earn” concept. After completing the lesson, students visit FMFCU and Bear Country Credit Union – a 1,100 square foot interactive financial literacy center – to learn more with a hands-on experience about credit unions and money management.
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