Affinity Plus Foundation fills education gap for Minnesota consumers
Financial Myths vs. Truth game puts a fun spin on financial education during Financial Literacy Month
PAUL, MN (April 29, 2015) — According to the Consumer Banking Insights Study conducted in January, more than one-quarter of American consumers do not feel they are in control of their personal finances. And levels of confidence have decreased in all demographic categories – seniors, millennials, men and women – compared to similar research presented in 2013.
The mission of the Affinity Plus Foundation is “to enhance the quality of life in Minnesota communities through partnership in financial education, programs and support.” Through its grant programs and extensive network of financial educators throughout the state of Minnesota, the Foundation is working to improve the financial literacy rates of consumers.
“At Affinity Plus, we know there are many misconceptions about money, and inadequate financial skills can seriously impact families and communities,” said Amy Hanson, Affinity Plus Foundation Executive Director. “Through the activities and education we provide, we are able to empower teachers, students, adults and youth across Minnesota to make decisions that will positively impact their future.”
The Affinity Plus Foundation has been engaged in several activities and initiatives during the month of April, widely known and celebrated as Financial Literacy Month. In addition to offering financial education seminars and presentations to branch communities and schools, employees from Affinity Plus Federal Credit Union are providing education surrounding common financial myths and truths to members who visit its 27 branches around the state. The “Myths vs. Truths” series focuses on the following topics:
- the credit union difference
- credit scores & credit reports
- credit cards
- buying a car
The Affinity Plus Foundation is also currently accepting applications from schools, teachers and community groups to receive a Financial Literacy Cultivator Grant in May. This grant program offers five $1,000 grants to fund financial education materials or supplies. The application period closes April 30.
For more information about the Affinity Plus Foundation or to apply for the Cultivator Grant, visit affinityplusfoundation.org.
About the Affinity Plus Foundation
Founded in 2000, the Affinity Plus Foundation is a 501(c)(3) serving Minnesota communities. The Foundation proudly administers its own scholarship program, awards grants to nonprofit groups and schools, and supports financial education initiatives through partnerships, presentations and resources. The Foundation operates on funds generated from its annual golf tournament, fishing tournament, silent auction, Affinity Plus Federal Credit Union and generous donations from members of the community who believe in bettering the quality of life for others through equitable financial education for all. For more information about the Foundation, visit affinityplusfoundation.org