Mid Carolina CU Makes Financial Knowledge Accessible
Schools are designed to teach today’s youth the basics: reading, writing, arithmetic, science, and history. But there’s one subject that most students aren’t being taught in the classroom: financial literacy. From learning how to create a budget and understanding how and why you should save money to navigating credit and keeping your identity safe, introducing financial literacy early equips the next generation to make smart choices when it comes to financial security.
That’s why we have partnered with Banzai, an award-winning financial literacy program. Since its inception in 2010, Banzai has become the largest program of its kind. More than 45,000 teachers in all 50 states use the program, which is aligned to state curriculum requirements.
Tina Smith with Mid Carolina Credit Union says “We saw a need in the community for financial literacy in schools that reflected the products in modern banking. And we decided to move forward with financing Banzai’s curriculum to high schools in both Kershaw County and Blythewood.” “More than ever, it’s important that kids develop sound financial skills to prepare them for the real-world Mid Carolina Credit Union realizes that, and we’re doing something about it.”
MCCU has offered time, money, industry experience, and a variety of credit union resources to help local schools teach personal finance in the classroom. Students using the program are exposed to real-life scenarios where they learn to pay bills and balance a budget — but it’s not always easy. Students must learn to manage unexpected expenses such as parking tickets, interest charges and overdraft fees. The educational program also introduces students to auto loans, bank statements, entertainment costs, savings and more.
“We liked Banzai’s approach and their underlying philosophy. In addition to the school program, we’re able to bring the Banzai online direct courses, designed for kids, teens, and adults, for free across our entire member base — in all our communities,” Smith said. “Regardless of whether you’re a member of ours, individuals and community partners are welcome to use these free literacy materials right on our website.”
Teachers interested in using the Banzai program can visit midcarolinacu.teachbanzai.com or call 888-8-BANZAI. Community groups and organizations interested in sharing the program link on their site or for free materials on the program, contact firstname.lastname@example.org.