Providing financial literacy to students
YORK, PA (January 14, 2014) — On Wednesday, January 8, 2014, First Capital Federal Credit Union staff volunteered as financial advisors for Junior Achievement’s, The Challenge at Finance Park™. The Finance Park simulation focuses on financial literacy. Each student is given a life scenario which includes his/her age, job, salary, family status, etc. Students then choose a vehicle, a home to rent, a cell phone plan, and furniture to purchase, among others. The goal is to budget their money to live within their means. They had to make hard hitting, real financial decisions on the fly. “It was really interesting to see the decisions each student made,” said Tara Houser, First Capital FCU’s VP of Marketing. “At times, the volunteers had to question whether the decision that was made was the best one and help guide the student down a different path.”
Each volunteer worked with 6-7 students from Central York and Susquehannock High Schools. The students arrived at 9:00 a.m. and the day wrapped up around 1:00 p.m.
First Capital Federal Credit Union is a $150 million asset-size, credit union with nearly 18,000 members based in York, PA. Founded in 1954 as S. Morgan Smith Credit Union, First Capital has merged and grown, and continues to work closely with about 400 companies and organizations throughout York County and across the country.