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Financial education highlighted during Financial Literacy Month

To the editor:

Across Minnesota and the country, credit unions are celebrating Financial Literacy Month in April to increase awareness about personal finance education. While credit unions formally celebrate financial education efforts during this month, these ongoing efforts are a long-term commitment.

Providing financial education to their members and to their communities is part of each credit union’s mission. By focusing on financial literacy efforts for members and forming partnerships with local organizations and schools, Minnesota’s credit unions work to ensure that consumers have the knowledge and skills to successfully manage their personal finances.

Through its Education Network, Mid-Minnesota Federal Credit Union partners with community organizations to provide information, educational seminars, and networking opportunities to help consumers improve their financial well-being.

In April, Mid-Minnesota FCU is offering the following workshops and classes: Car Buying with Confidence, Building Your Home from the Ground Up, How to Rent, and Saving and Investing. Other popular and highly-attended sessions include The College Process, Retirement Red Zone, and Identity Theft Prevention. These and other education sessions are scheduled throughout the year and are free and open to the public.

Educational initiatives like these help create a stronger financial future for all Minnesotans. That same dedication to creating a financially-literate next generation was echoed by the Minnesota Department of Education last spring when it implemented changes to the state’s K-12 Academic Standards in Social Studies. The standards now include additional requirements in financial education for students of all ages and address several fundamental concepts of economics and personal finance.

Credit unions recognize that the better all Minnesotans manage their finances, the stronger our state’s economy will be. Large or small, urban or rural – 133 credit unions across the state agree that improving financial literacy, increasing personal savings, decreasing debt and living within a budget is a formula for success.