LISBON — Employees of Lisbon Community Federal Credit Union spent the morning of Oct. 16 helping high school seniors from Freeport High School learn about finances through a hands-on lesson.
About 110 students attendedm as well as staff from The Jeannette G. Morin Chapter of Credit Unions (Atlantic Federal Credit Union, Five County Credit Union, Lisbon Community Federal Credit Union, and Midcoast Federal Credit Union).
Nearly 61,000 Maine students have gotten fiscally fit through the fairs, including 7,726 students during the 2018-19 school year.
Maine credit unions introduced “A Money Management Experience,” a financial education program for high school students, in 2004. The half-day events target high school juniors and seniors and is similar to the game of LIFE. Participating students are given a career and monthly income and then have to visit booths associated with expenses that the average adult is faced with each month. Costs such as transportation, housing, clothing, food, student loans, insurance and several other everyday expenses, are filled in on a monthly budget form by each student. At the end of the event, the goal is for students to have a monthly budget that does not exceed monthly income.
Maine’s credit unions have received 11 consecutive Desjardins Awards for Youth Financial Education, a national wards program that recognizes youth financial literacy efforts, no other state has > matched the feat.
Lisbon Community Federal Credit Union as locations at 325 Lisbon St. or in Lewiston at 802 Sabattus St. It serves 9,000 members in Lewiston, Auburn, Durham, Lisbon, Sabattus, Bowdoin, Topsham and Pownal.
For more information visit www.lisboncu.org.
PHOTO: Derek Roberts of Lisbon Community Federal Credit Union helps students with decisions about Student Loan options. (Submitted photo)
