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Michigan Credit Union League

Alpena Alcona Area Credit Union Hosts Financial Reality Fairs

Alpena Alcona Area Credit Union (AAACU) recently partnered with the Michigan Credit Union Foundation (MCUF) to host Financial Reality Fairs for students from the Alpena Community College Oscoda Campus and for eighth graders at Thunder Bay Junior High School.

The Reality Fair teaches students about budgeting, saving money and finances by having students select a career they would like to pursue after high school. Students are then assigned a starting salary, credit score and small savings account balance.

Students use this information when visiting 12 lifestyle stations that focus on various expenses in life such as housing, transportation, clothing and food. In addition, students that selected careers that required college degrees were faced with student loans that impacted their monthly budget.

Each of the lifestyle stations students visited had credit union team members, school employees and community volunteers that worked with students to help them fit the required life expenses within their budget.

The Michigan Credit Union Foundation (MCUF) provides materials and training to help credit unions, chapters and groups hold these fun and fast-paced interactive sessions that can make a lasting impact on the financial understanding of teen participants. For more information visit www.mcuf.mcul.org.

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2018-11-09 00:00:00