Educators Credit Union was named a recipient of a 2017 Financial Literacy Award by the Governor’s Council on Financial Literacy. The award recognizes individuals and organizations that are dedicated to increasing financial knowledge and skills in Wisconsin. 18 organizations and individuals in the state won. 29 nominations were received in total.
Since 2015 Educators Credit Union has been a supporter of EverFi, a digital financial literacy program for middle and high school students. ECU partnered with schools by paying for the training and offering the required materials. Nearly 5,000 students in 75 schools across the state participated. Of the 75 schools, 23 were in low income neighborhoods. Students were tested before taking part in EverFi training and after. Students on average increased their financial knowledge by 30 percent. 93 percent of teachers surveyed using EverFi would recommend the training to another teacher.
The awards couldn’t be timelier. Governor Scott Walker signed new legislation on November 31st, 2017 mandating financial literacy training at every school in the state.
Dave Mancl, the Director of the Office of Financial Literacy at the Department of Financial Institution, added “Organizations like Educators Credit Union help support K-12 education with specialized programming; school districts do not have to do it alone.”
Educator’s Credit Union, based in Sturnavent, has been in operation since 1937. Originally focused on creating a level playing field for teachers seeking loans at fair interest rates, the organization is now open to anyone who lives or works in the State of Wisconsin.
Governor Scott Walker will attend the Financial Literacy Awards ceremony at the Capitol to be scheduled in the near future.