Ramstein, AB �Service Credit Unions CU 4 Reality brings financial education to Ramstein High School with� managing finances and how to calculate earnings and expenses.� The students will be taught how to manage finances, calculate earnings and expenses and create a workable budget though this Service Credit Union sponsored program.
The program uses an in-class curriculum during the school year to teach participants important skills that will equip them to handle money responsibly, set and adhere to budgets, and avoid the pitfalls of debt.
Developed by the Financial Literacy Education Committee of Americas Credit Union Museum, the CU 4 Reality Program is in its eighth successful year for middle school and the first year for the high school students. The fair provides the students the opportunity to participate in a hands-on event that propels them through the personal financial management process, including career selection, budgeting for housing, transportation, luxuries, and more.
At the CU 4 Reality Fair, each student receives a file detailing the students personal information specific to their career choice. It includes their monthly gross income and students calculate their take-home pay and create a monthly spending plan as they progress through booths representing various categories of expenses they can expect to incur. Students make decisions about what they would spend on various items such as food, clothing, housing, transportation, insurance, home furnishings, savings, investments, entertainment and credit.
"Service Credit Union is proud to sponsor a real-life financial education program for our Schools," said Gordon Simmons, President/CEO of Service Credit Union. "The reviews and comments from these kids and their teachers are always overwhelmingly positive, and we believe that their newly acquired financial life-skills will benefit them for the rest of their lives."
Service Credit Union is a full service financial institution with more than 220,000 members worldwide, offering a wide range of financial products to its members.� With 54 branches including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves all branches of the U.S. Military, Veterans and Department of Defense including their families and anyone who lives or works in New Hampshire, and 4 towns in Cape Cod, MA. With over $2.7 billion in assets, Service Credit Union has 34 branches in New Hampshire, one in Massachusetts, one branch in North Dakota, 16 branches on U.S. military bases in Germany and a Virtual Branch.
