California Credit Union brings financial education & literacy programs to 10 Los Angeles County high schools
GLENDALE, CA (December 1, 2017) — Continuing a three-year initiative to encourage financial literacy among students, California Credit Union will provide free financial education programs to 10 high schools in Los Angeles County throughout the 2017-2018 academic school year.
Through the credit union’s partnership with education technology company Everfi Inc., California Credit Union has brought the program to approximately 3,200 Los Angeles County high school students since 2015, who have completed more than 11,000 hours of online and classroom learning. Since the school year began in September, the program has already reached more than 220 local students.
“California Credit Union is excited to continue working with our local high schools to provide students with essential practical skills to help them make sound financial decisions throughout their lifetime,” said California Credit Union CEO Steve O’Connell. “It’s never too early to learn financial literacy, and this unique program engages and interacts with students while placing them in real-world scenarios. Implementing this program with high schools in our community has been a tremendous success, and we look forward to continuing to make an impact in this area.”
Administered by teachers in a classroom setting, the online course covers a wide variety of financial topics, beginning with saving and budgeting and moving to more advanced financial concepts such as insurance, taxes, credit scores, mortgages, and investing. Aligned to California state standards for financial literacy, the platform uniquely tracks the progress and performance of every user, helping set students on a path to financial security and success.
According to recent EverFi survey data, 87% of parents talk to their kids about money but only 43% of parents describe themselves as ‘well prepared’ to teach their kids about money, and many do not discuss more complex concepts like credit, financing higher education, or building wealth, focusing instead on values and rules-of-thumb like saving, managing spending, and avoiding debt. These statistics support the need for financial education in a school setting, where all students have an equal opportunity to learn essential financial skills.
About California Credit Union
California Credit Union is a federally insured, state chartered credit union founded in 1933 with assets over $4.5 billion, more than 170,000 members, and 24 retail branches. The credit union serves community members and businesses in the California counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura as well as school employees throughout the state. The credit union operates in San Diego and Riverside Counties as North Island Credit Union, a division of California Credit Union. The credit union offers a full suite of consumer, business and investment products and services, including comprehensive consumer checking and loan options, personalized financial planning, business banking, and leading-edge online and mobile banking. Visit ccu.com for more information or follow the credit union on Instagram® or Facebook® @CaliforniaCreditUnion.