LAFCU honored with statewide award for financial education, literacy program
Credit union recognized by Credit Union National Association for leadership, innovative finance course
The Credit Union National Association (CUNA) has awarded LAFCU with the 2022 state-level Alphonse Desjardins Award for its comprehensive, eight-month personal financial course, Pathway to Financial Transformation.
“LAFCU believes the greatest approach to ensure the success of its members and the communities it serves is to provide financial education and resources,” said Shelia Scott, LAFCU community financial education & business development officer.
The Alphonse Desjardins Award recognizes credit unions for their excellence and leadership in adult and youth financial literacy and education. LAFCU was honored for its innovative adult personal finance course, which is now in its second cohort. The course is free of charge for people aged 20 and older regardless of whether they are LAFCU members.
The course is administered virtually through a combination of methods, including lecture, discussion, assigned readings, quizzes and one-on-one consultation with a financial wellness counselor and emphasizes the importance of behavioral changes in achieving long-term success.
The class meets for one-hour sessions twice monthly and spans over eight months, giving participants ample time to see progress, and culminates in an in-person graduation ceremony.
“LAFCU being honored by CUNA for the Pathway to Financial Transformation course reaffirms our ongoing commitment to the credit union philosophy of ‘people helping people,’” noted Scott. “I am very proud of how this program is changing the lives of those attending. We want everyone to succeed, and we’ll keep providing the resources and tools to help people thrive and achieve financial success.”