Educational Credit Union and Credit Union of American received honors for the work in youth financial education.
Educational Credit Union (Topeka, KS) has received a first place 2012 Desjardins Youth Financial Education Award in Kansas. The award, sponsored by the Kansas Credit Union Association (KCUA) and the Credit Union National Association (CUNA), recognizes youth leadership within the credit union movement on behalf of youth financial literacy.
Educational Credit Union’s winning entry will advance to the national competition, where it will compete with financial education projects from credit unions in other states.
Educational Credit Union developed a Junior Advisory Board that help with marketing efforts, being a credit union advocate, and teaching financial literacy to local high school classes. Last school year, the high school students who make up the Junior Advisory Board taught 10 classes about money management, and reached more than 250 students.
Credit Union of America (Wichita, KS) received an honorable mention in this same category for their youth financial literacy efforts.
The Desjardins Youth Financial Education award is named in honor of Alphonse Desjardins, the founder of the North American credit union movement, who established the first "caisse populaire” (people’s bank) in Quebec in 1900, and helped establish the first American credit union in New Hampshire in 1909. Desjardins was an ardent believer in the value of teaching children to save, and he promoted the idea of in-school savings programs.