MSU Federal Credit Union Hosts Virtual Financial Literacy Trainings for Youth
MSU Federal Credit Union’s Financial Education Department has partnered with the Michigan Department of Health and Human Services to host virtual financial literacy trainings for youth in Greater Lansing and Oakland County. This is part of the Michigan Youth Opportunity Initiative.
“The partnership between the Michigan Department of Health and Human Services Michigan Youth Opportunities Initiative and Michigan State University Federal Credit Union has impacted an incredible amount of foster youth in our community,” said Ashley, a coordinator at Michigan Youth Opportunities Initiative. “MSUFCU facilitates trainings for these youth on financial literacy; many of these skills the youth never learn at home or in school. The information MSUFCU provides in these trainings is essential for the youth as they get closer to aging out of the foster care system and becoming independent young people in our community.”
MSUFCU’s financial literacy training topics include banking basics and money management, credit, and fraud and identity theft.
“When the COVID-19 pandemic hit, we had to get creative in how we would deliver this information to the youth since we could not hold in-person training. MSUFCU didn’t miss a beat in organizing and facilitating virtual training. The content of the training is the same now as when we were able to train in-person, and they have made it interactive with polls, games, and by utilizing the chat feature on the virtual platform. Since training virtually, I have been able to reach more youth who are placed out of county and who otherwise would not be able to attend training in-person,” said Ashley.
MSUFCU has successfully held virtual trainings with MYOI since May and will continue to host trainings into the fall.
“It was really great to see high engagement from the participants through answering polling questions and discussion in the chat feature,” said Ian, a Financial Educator at MSUFCU. “Attendees came with a lot of really great questions, which shows their desire to learn how to be financially successful and to fully understand their money habits."