January 02, 2020 | Richmond, VA
Virginia Credit Union’s financial education classes and workshops on budgeting, home buying, eliminating debt and other topics reached 36,571 individuals in 2019, the most ever.
Financial education is a major priority for the credit union, which employs four full-time educators on its staff. Programs were offered in-person and online.
The figure includes young people and adults. Virginia Credit Union reaches members and the public with programs in schools, community centers, public libraries and its own facilities.
Virginia Credit Union began tracking the reach of its financial education programs several years ago after hiring trained educators to lead its efforts. The number of individuals reached has increased year by year. The number reached in 2019 was the most ever, and represents a 30 percent increase over 2018.
“Helping people learn to manage their money and develop greater confidence with financial matters is central to our credit union’s purpose,” said Chris Shockley, VACU President and CEO. We see financial health for our members as a core value and we look for ways to include it in every member interaction and community initiative.”
With four full-time financial education professionals on its staff, Virginia Credit Union offers weeklong money camps for teens, adult seminars in budgeting and reducing debt, workshops for teachers, and programs to educate first time homebuyers. Lesson plans designed by VACU Financial Education Director Cherry Dale, a former public school teacher, cover the basics of budgeting, saving, borrowing, reducing debt, and what to know before a making a major purchase, such as a car.
A financial cooperative serving more than 285,000 members, Virginia Credit Union provides a variety of affordable banking services, loans, mortgages, and financial education resources. Virginia Credit Union is an equal housing opportunity lender and is federally insured by NCUA.
Glenn Birch |