Sikorsky Credit Union a leader in promoting financial literacy to high school students
STRATFORD, CT (May 1, 2019) — Sikorsky Credit Union takes a leadership role in promoting financial literacy to Connecticut high school students through their coordination of financial reality fairs.
Sikorsky Credit Union organized financial reality fairs for the students of Abbott Tech High School, Bunnell High School, Seymour High School, Stratford High School, and Shelton High School to give students the unique opportunity to get a glimpse of how their financial future may look.
Students get to choose a profession with an assigned entry-level salary and are given a chance to visit several expense tables where they can spend their “hard-earned money.” They’re required to allocate money towards housing, transportation, food, and utilities, but also have the opportunity to make some lifestyle purchases such as concert tickets, vacations, and electronics. Students are asked to spin the “Wheel of Reality” which features many circumstances that people may find themselves dealing with in real life. Depending on their result, they may find themselves acquiring or owing money.
After completing their purchases, students meet with volunteer financial counselors to go over their decisions and see how they were able to manage their budget. This hands-on activity helps students to understand what exactly goes into maintaining the lifestyle they may see for themselves and look at what financial challenges may lie ahead.
About Sikorsky Credit Union
Sikorsky Credit Union is one of the largest credit unions in Connecticut with more than 65,000 members. Membership is open to anyone who lives, works, worships, or volunteers in Fairfield, Hartford or New Haven counties. Sikorsky Credit Union believes in banking the way you choose and gives members the option to bank at one of their convenient branch locations, online or through their mobile app. For more information, please visit www.sikorskycu.org. Deposits insured by the NCUA, an agency of the US government.
