Consumers Credit Union ramps up financial education initiatives, launches partnership with Young Money Finances
KALAMAZOO, MI (June 21, 2022) — As Michigan became the 14th state in the U.S. to mandate financial education at the high school level with the passing of HB 5190, Consumers Credit Union is broadening efforts to share even more high-quality financial education, including an exciting partnership with Grand Rapids-based non-profit Young Money Finances (YMF).
A financial education program, YMF facilitates learning to kids ages 11-17 by teaching real-life money management skills. Built upon four core pillars, send, save, share and invest, YMF is helping today’s kids prepare for a successful financial future.
This summer, YMF will hold three camps in Grand Rapids. For three weeks, each camp will meet four times a week, for two hours each day as youth learn about money in ways that could change the course of their lives. The cost of registration is $25 and students can still register for the Young Money Investor camp.
“YMF is excited for this partnership with Consumers Credit Union,” said Dondrea Brown, YMF executive director. “We are thrilled to take on this opportunity to reach more people in our community and empower them to make healthy financial decisions.”
Consumers is proud to support YMF and our shared mission to educate youth around financial literacy with a multi-year partnership and promise to host one day during each of the summer camps. Learn more about the YMF summer camps and register online at YMFGR.org/camps.
Coming later this fall, Consumers will be sharing access to a wide variety of new financial education content, including interactive online courses, presentations, blogs and more on its website.
Consumers has a rich history of educating our communities about finances with innovative programs such as Consumers @Work, which provides businesses with support to help their employees along the path to financial fitness, the Money Minutes with Wimee and Friends video series that teaches our youngest members some basic elements of finance, and our various financial wellness blogs, podcasts and videos.
“When young people understand the basics of money management, they are building the foundation for a lifetime of positive financial decision-making,” said Consumers’ next President & CEO Scott Sylvester. “We are eager to get these valuable resources in front of our members and communities because we know that when our youth understand the principles of financial wellness, they are better prepared for a successful future.”
As part of this exciting partnership, Consumers and YMF will be providing more opportunities to teach teens about money this summer. Stay tuned for dates and more information.
About Consumers Credit Union
Headquartered in Kalamazoo, Michigan, Consumers Credit Union is a full-service financial institution and a leader in digital banking technology, mortgages and business lending. Consumers has more than $2.1 billion in assets. Locally owned since 1951, Consumers serves more than 134,000 individuals and businesses through 27 offices located in Kalamazoo, Battle Creek, Grand Rapids, Coldwater, Lansing and up the Lakeshore, with member access to 30,000+ free CO-OP Network ATMs nationwide. For details, visit ConsumersCU.org.