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Financial Education

The Truth of the Matter

Financial education has always been a part of the mission of not-for-profit credit unions. We specialize in educating our community, members, and youth for a better financial future.

In May and June of 2007, the Ohio Credit Union League conducted a comprehensive statewide study to assess the scope and depth of the financial literacy problem in Ohio. It provided a baseline to measure progress in financial education and identify ways to reach students. Here are some of the results they found:

  • 61% agreed that financial education was “very important” and only 23% surveyed noted any efforts to encourage financial literacy in their families.
  • Only 5% of Ohioans reported being taught personal finances when they were young.
  • Only 10% of adults were aware of sources of financial education or help.
  • Respondents, especially students, citied credit concepts as the most difficult financial basics to understand and learn about.
  • A majority of Ohioans 57% rated their financial family health negatively.
  • 46% reported decreasing savings and 36% growing debt levels.
  • Ohioans described the overall economy as fair 32% or poor 36%.
Research was conducted in May and June 2007. The Ohio Credit Union League retained Opinion Consultants, Inc., an independent Columbus-based research firm, to design and conduct the research.

MoneyAndStuff.info

MoneyAndStuff.info is a free online resource offered by the Ohio Credit Union League for parents, educators, and students. Its focus is to teach children as young as nine years old how to make wise financial decisions, understand the difference between wants and needs, and manage personal debt.

MoneyAndStuff.info offers helpful financial links, book recommendations, a financial glossary, budget worksheets, lesson plans, activities, and games for all ages.

NEFE High School Financial Planning Program

NEFE, or National Endowment for Financial Education, is a private foundation helping all Americans obtain the information and skills necessary to manage their personal finances.

National Endowment for Financial Education

Designed for 9th-12th graders, the program teaches high school students key money management skills that they will use throughout their lives. It’s a performance-based curriculum, allowing students to act out what they learn in each unit.

Students learn about budgeting, savings, and career planning, just to name a few. It’s interactive, teen-friendly, and easy to use in the classroom.

Following the completion of the NEFE High School Financial Planning Program, students will receive a Certificate of Completion, indicating a greater understanding of their ability to control their own personal finances.

Our Continuing Commitment

MoneyAndStuff.info and the NEFE High School Financial Planning Program have helped Kemba Credit Union become educational partners with schools. Over the past year, we have educated over twenty-one schools. Through guest speakers and presentations, we inform schools on ways to best implement and utilize these programs.

Kemba Credit Union, with the help of the Ohio Credit Union League, is stepping up the effort as a leader in financial education in Greater Cincinnati.