The National Credit Union Foundation announced the Biz Kid$ Showcase: a nationwide competition for young people age 12 to 18. The initiative aims to raise awareness of credit unions, enhance financial literacy, and encourage entrepreneurship by guiding participants through a series of educational modules and a business planning exercise.
Ultimately, participants must develop a business case and marketing plan for a new financial product or solution that would improve financial well-being in their communities.
Participants can enter as individuals or as part of a team. A panel of credit union leaders will judge all project entries, with the highest performing three projects winning cash prizes of up to $1,500.
“Credit unions are increasingly seeing that financial literacy is just one part of a broader journey towards financial well-being,” said Chad Helminak, Foundation chief impact officer. “The Biz Kid$ Showcase is an opportunity to help members – or the next generation of members – come to the same realization.”
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