Michigan Leads in Youth Financial Education Again
Michigan once again was a top state for financial education sessions presented in schools during the last school year. According to the National Youth Involvement Board’s (NYIB) annual report, Michigan credit unions reported that they made 2,284 presentations from July 1 of last year to June 30 of this year, reaching more than 55,000 students. The report also recognizes fifteen Michigan credit union financial educators as top presenters across all asset size categories.
Reporting numbers increased this year in Michigan by 15% and have increased nationwide to show the credit union impact in financial education. This year, a total of 39 states reported 13,943 presentations reaching 509,948 students. In Michigan, the success of the financial reality fairs contributed to these numbers and helped more than 2,500 high school students prepare for successful financial independence.
Beth Troost, financial education manager for MCUL & Affiliates, suspects the real numbers in Michigan are even larger as it is likely that more credit unions conduct youth financial education presentations, but they haven’t reported to the NYIB. Any credit union making financial education presentations to youth up to the age of 22 are encouraged to report that activity to the NYIB to help quantify the credit union difference in financial education. Click here to learn more about self-reporting financial education presentations to NYIB.
The NYIB released the report at their annual meeting during the recent annual conference. In addition to these great reporting numbers, Michigan’s own Melissa Pashak of Catholic Federal Credit Union won the 2016 Central Region scholarship to attend the conference this year. Jeremy Cybulski of Community Financial Credit Union, the current NYIB North Central Regional Coordinator, was elected as the new Vice Chair of the NYIB Executive Committee. Two conference breakout presentations were conducted by experienced Michigan financial educators to share best practices for operating student credit unions, one by Andrea Tucker of Marshall Community Credit Union and one by a team of three educators from Community Financial Credit Union.