Educational Systems Federal Credit Union, Greenbelt, MD has launched their fourteenth Millionaire's Club financial education program. Students at Arundel High School, Gambrills, MD, now have access to a personal finance program designed to prepare them for financial independence.
"We are proud to sponsor our newest Millionaire's Club at Arundel High School," stated Chris Conway, President/CEO of Educational Systems FCU. "We believe in providing financial education to help strengthen the financial lives of our members and the education community. The Millionaire's Club teaches students how to manage their personal finances which is a valuable skill that can be used throughout life."
The Millionaire's Club combines skills development with educational competitions and an annual entrepreneurial project to produce a broad and engaging program for Club members. Students learn budgeting, evaluating financial services, protecting assets and identities, responsible borrowing, career choice, and putting savings to work through investment simulations.
Local, state, and national competitions allow Club members to experience financial education in an active club-like setting that retains their interest while providing them with skills and habits to help them avoid financial missteps and ensure their future success. The Club meets regularly throughout the school year.
Clubs are provided seed grants, detailed curriculum, and faculty/student materials at no charge. Sponsoring credit unions offer support through seed grants and guest speaking engagements. Additional supplies add a fun, competitive edge to the Club's activities. Millionaire's Clubs have produced State and National personal finance champions as well as first-place Stock Market Game™ competitors since the program was founded in 2013.
The program was developed by the CU Foundation MD|DC and is available to schools and credit unions nationwide at no charge through the Foundation's MillionairesClub.org site. Millionaire's Clubs have been expanding rapidly. Currently, over 1,900 students benefit annually from participation at 45 sites.
For information on the Millionaire's Club financial education experience, visit MillionairesClub.org.