Over the next 4 weeks, we will be exploring different financial education
topics with specific age-minded activities and links, designed for your use at home.
Check back each Monday in April for a new topic and list of activities.
Scholarships make college dreams a reality for many students. That’s why we’re proud to bring you the EVERFI Financial Literacy Bee for students ages 13-18. Compete for the opportunity to win up to $10,000 in college scholarships by completing the 4-part challenge!
Submission deadline is April 15th.
In week two, we will be focusing on credit. This is when a financial institution agrees to borrow you money and trusts that you will pay it back over time.
Credit can be in the form of such items as a credit card, a line of credit or a loan. A loan can enable you to buy an item such as a boat, a car, an education or even a home (mortgage). The ability to buy something now and pay it back later has many benefits but it also carries a great deal of responsibility.
How well you repay your loan (credit history), can affect your access to credit, loans, jobs, housing and insurance.
As a member of Wings Financial Credit Union, we want you to recognize the credit union difference. Credit Unions are member-owned, not-for-profit financial cooperatives that are created and operated by laws and regulations. Our values and democratic structure rely on one member, one vote.
We are about people, not profit. We focus our energy on improving service and returning value to our members in the forms of lower loan rates and higher deposit yields. We embrace community involvement and social responsibility which extends beyond our members to the broader communities that we serve as well. Credit unions benefit everyone, whether they are a credit union member or not.
Follow along as Wings Financial Foundation Education Manager Trysh Olson reads the Berenstain Bears Visit the Credit Union, by Mike Berenstain.