Improving financial literacy in our community is one of our primary goals, and we believe that starts with offering extensive financial education resources for our members. To celebrate how we work to promote financial literacy in our community, we wanted to share some of the services that we are proud to offer.
Financial literacy is an essential skill that should be taught early on in life. This can be practiced by encouraging kids to save and manage their own money at a young age. We offer youth accounts for our members’ children and family for exactly that reason. This month we are offering a promotion on our youth accounts to encourage younger generations to start practicing money management. From now until June 1st, those who open a youth account will be entered to win a bike or an Amazon gift card.
Financial Education Center
Whether you’re a beginner at managing your finances or an expert, there’s always room to learn more. That’s why we offer a free financial education center for our members. On this online platform, you can find short interactive courses on topics essential to financial success, such as saving for a home and paying for college. After completing these courses, you’ll have a deeper understanding of the best ways to tackle big financial endeavors.
Financial Literacy Program at Woburn Middle School
Another service that we are proud to offer to our community is our Financial Literacy Program at Woburn’s Kennedy Middle School. With this program, representatives from the credit union teach two classes that help middle school students build a strong foundation for financial responsibility. In March we hosted the first financial literacy auction at the middle school where students were able to take profits from their school business and bid on auction items. You can learn more about CTFCU’s Financial Literacy Auction in our blog post all about the event.
Woburn High School DECA Program
In addition, we’ve also had the opportunity to donate to Woburn High School’s DECA Program, an organization that prepares students for their careers through competitions, conferences and other forms of professional development. For the past two years, the credit union has donated to send students to a state-wide competition in Boston. This is a valuable program as it helps to boost students preparedness for the workforce, which in turn helps set them up for financial success.
As we grow our membership in Woburn and the surrounding communities, we look forward to expanding our financial resources to reach more individuals across new towns and cities. Stay on the lookout for more financial literacy resources and programs as the credit union continues to grow!