Page 11 - 2022 Impact Report

CREDIT UNION IMPACT REPORT 11

FINANCIAL WELLBEING

All of the Foundation’s year-
round efforts pivot around
community enrichment,
and one of the primary ways
to improve people’s lives is
through education. MCUF’s
educational focus is on
financial wellbeing, which it
advances through initiatives
like financial reality fairs,
financial counseling
training and support and
sponsorships of statewide
literacy programs.
Financial Reality Fairs
Financial Reality Fairs are
real-life budget simulations
that teach students how to
manage income. Through
interactive, community-
based exercises, students
learn about balancing
spending, savings, bill
payments and credit scores.
Each fair ends with students
meeting with a financial counselor from Financial Counseling Training and Support
aMichigan credit union for an in-depth MCUF helps Michigan credit union professionals
counseling session regarding their budget. access educational certification and resources to
enrich their ability to provide member guidance.
MCUF provides materials, funding and
implementation guidance to assist credit unions 827 professionals to date have accessed financial
and chapters in hosting unique hands-on financial counseling certification with the help of MCUF.
learning experiences.
Statewide Program Sponsorships
MCUF is increasing credit union awareness and
reaching 9,000 families statewide with credit union
financial wellbeing.
Money Smart Kids Read
Provided 8,000 books on behalf of Michigan credit
unions to 7,500 families in 2021 through 120 public
5,888 libraries during Money Smart Week.
92 13

Fairs Students Credit Unions Virtual storytime events provided partnership
opportunities between credit unions and libraries.
87% of libraries requested partnerships.
35,324 High School Personal Finance Challenge

Total students reached since Virtual challenge reached more than 500 participants,
Financial Reality Fairs began in 2014 and included in-school case-study competitions
to enhance student learning and credit union
partnerships.