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Taking an Interest in Financial Literacy

"We are pleased to provide students with the financial knowledge and resources that will help them achieve their goals and dreams--during college and beyond."

In partnership with Visa, Inc., the MSU Federal Credit Union (MSUFCU) will provide MSU $250,000 in funding for the next eight years to underwrite the Financial Peer Education Program, which will be available to MSU students beginning in Fall 2015.

The program’s curriculum will be developed by MSUFCU and will include financial topics relevant for college students, such as budgeting in college and after, understanding credit, and identity theft. It will feature peer educators providing one-on-one sessions to assist students in establishing their budgets.

“For most of our students, coming to Michigan State University is an induction into adult independence and its responsibilities,” said MSU Provost June Pierce Youatt. “The opportunity afforded through this generous gift from Visa and the MSU Federal Credit Union will help students gain skills and understanding that will be invaluable to them whether they are just beginning their college experience or getting ready to graduate and begin their professional careers.”

In addition to this new financial education program, MSUFCU also offers Financial 4.0, a financial website geared toward college-age students. The site houses blogs on financial topics, financial education videos, free financial resources, and contests, providing students with the opportunity to improve their financial literacy.

 “We’re very pleased to have the opportunity to enhance our partnership with MSU by creating a bigger financial education presence campus,” said April Clobes, president and CEO of MSUFCU. “We are pleased to provide students with the financial knowledge and resources that will help them achieve their goals and dreams — during college and beyond.”

For 20 years, Visa has been a private sector leader in developing innovative, free programs that help people effectively learn the fundamentals of personal finance, including budgeting, saving, responsible spending, and the wise use of credit. Visa’s flagship financial literacy initiative, Practical Money Skills for Life, is a free program to help parents, teachers, students, and consumers of all ages learn the essentials of personal financial management.

MSUFCU is the world’s largest university-based credit union, offering a full range of personal and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide in addition to a variety of select employee groups.

Founded in 1937 by a few MSU professors and employees, MSUFCU now has 14 branches, more than 197,000 members, over $2.8 billion in assets, and more than 642 employees. MSUFCU was named 2014 Credit Union of the Year by the National Association of Federal Credit Unions (NAFCU) and as the #1 employer on the Detroit Free Press 2014 Top Workplaces list.

Author:  Alisa Healy