In an inspiring journey toward financial empowerment, a robust financial literacy program has successfully reached 82% of students in Schoolcraft County since LFCU’s partnership with MSU Extension/Schoolcraft County 4-H began on May 1, 2023. The initiative, aimed at fostering financial literacy among young individuals, has proven to be a critical step in addressing the financial challenges that many students face as they transition into adulthood. By focusing on key areas such as budgeting, saving, investing, and understanding credit, the program has provided students with the tools they need to make informed financial decisions.
In addition, 1,308 students in the eastern half of the U.P. have participated in a Financial Reality Fair, hosted by LFCU and delivered in partnership with community volunteers. Financial Reality Fairs are supported by the Michigan Credit Union Foundation. Fairs during the 2023-24 school year were hosted at Manistique High School with guests from Big Bay de Noc School, Tahquamenon High School, with guest from Engadine High School, Malcolm High School, Rudyard High School, and Superior Central High School.
Reaching New Heights
The 82% milestone is not just a number; it represents a significant stride in LFCU’s mission to create financially literate communities. The quick and impactful outreach has set a precedent for what can be achieved with dedicated efforts and well-structured programs. The success of this initiative underscores the importance of early financial education and its long-term benefits for individuals and the broader community.
By Jill Connin, Education Coordinator
