Press
ABNB Federal Credit Union makes award-winning financial literacy program free for local classrooms
CHESAPEAKE, VA (February 27, 2015) — Local students are getting a free education in how to manage their money. ABNB Federal Credit Union is working with Banzai, a national award-winning financial literacy program, to make curriculum available in Chesapeake, Virginia Beach, Norfolk and Portsmouth city schools completely free.
“Banzai is a web-based financial literacy program. Kids get their own accounts, and they work through assignments that are based on real life,” Morgan Vandagriff, co-founder of Banzai, said. “But because ABNB Federal Credit Union is sponsoring it, local schools get it for free. More than ever, it’s important that kids develop sound financial skills to prepare them for the real world, and ABNB Federal Credit Union realizes that and they’re doing something about it.”
Banzai is an interactive, online program supplemented by printed workbooks which aligns with state curriculum requirements for personal finance education. It has become the largest program of its kind, servicing more than 14,000 teachers in all 50 states.
ABNB Federal Credit Union has offered time, money, industry experience, and a variety of credit union resources to help Chesapeake, Virginia Beach, Norfolk and Portsmouth city schools teach personal finance in the classroom. Students using the program are exposed to real-life scenarios where they learn to pay bills and balance a budget–but it’s not always easy. Students must learn to manage unexpected expenses such as parking tickets, interest charges and overdraft fees. The educational program also introduces students to auto loans, bank statements, entertainment costs, savings and more.
“Too often students get out of school and they just aren’t ready for the financial roller coasters life can give us,” Vandagriff said. “Banzai teaches students to navigate those twists and turns and come out on top. We’re excited to work with ABNB Federal Credit Union to improve financial literacy in Chesapeake, Virginia Beach, Norfolk and Portsmouth city schools.”
Teachers interested in using the Banzai program can visit abnb.teachbanzai.com or call 888-8-BANZAI.