Golden 1 Credit Union hosts financial wellness event with Sacramento teens
Budget simulation workshop gave students hands-on financial experience
SACRAMENTO, CA (November 21, 2022) — Golden 1 Credit Union (Golden 1) hosted a proprietary budget simulation workshop called “The Challenge” with Sacramento’s Prime Time Teen at the George Sim Community Center on Wednesday night that taught students about financial well-being and budgeting.
About 50 students from Prime Time Teen, an interactive workforce readiness and skill development program for teens ages 13-17, were able to get hands-on experience juggling income and expenses. Community volunteers along with Golden 1 employees engaged participants at “stores,” selling them childcare, housing, transportation, food, and other necessities, while also tempting them with luxury purchases. Participants were then tasked with building budgets, developing savings, and learning to make difficult financial decisions.
“We were thrilled to interact and teach the students of Prime Time Teen about building healthy relationships with money at a young age,” said Barbara Quan, Financial Education Manager for Golden 1 Credit Union. “Californians’ financial well-being is our highest priority, and there’s no better way to help than starting with teens and young adults through our Financial Wellness Challenge.”
Since launching in 2019, Golden 1’s Financial Wellness Challenge has been facilitated over 250 times to more than 12,000 participants. High schools, colleges, and nonprofits who want to participate in The Challenge can apply for free. Interested organizations should email financialwellness@golden1.com or visit Golden 1’s Financial Wellness Center for additional tools.
About Golden 1 Credit Union
With more than $20 billion in assets, Golden 1 Credit Union is one of the largest credit unions in the United States, providing easy access to the financial solutions, resources, and support their members and communities need to improve their well-being. Golden 1 is committed to creating a more equitable and financially inclusive California and proudly serves all those who live or work there. Golden 1 is more than 1.1 million members strong and has over 2,100 employees. Visit golden1.com for more information.
