DETROIT, Nov. 1, 2016 /PRNewswire/ -- Some local students are getting a hands-on lesson in financial literacy to better prepare them for adulthood. They're doing it thanks to the help of a local credit union.
Jennifer Rojas is introducing her eleventh-grade students at Cesar Chavez High School to a lesson they'll eventually be using every day of their lives.
"They're learning about financial literacy. It's their first exposure," Rojas said.
It's a hands-on program all about money, how money comes and how it goes: budgeting, bills, emergency expenses, debt, savings and the decisions that affect it all.
"They're experiencing needs and wants," Rojas said. "What's the difference in wanting something, a new car versus needing a new phone?"
The program, called Banzai Financial Literacy, is offered at Cesar Chavez for free from Diversified Members Credit Union.
Diversified Members Credit Union has begun offering this program after witnessing many people applying for their first car loan or mortgage and finding out that they weren't exactly in the best position to be approved.
"It's really sad when we see they've kind of made some poor decisions along the way or almost really uninformed decisions that may limit their ability to get that car or to get that loan," DMCU CEO Kathie Trembath said. "So we want to be able to get ahead of those and get out in front and teach our folks in the community, here are some things you should know about how this stuff really works."
Students are receiving a lesson in life that, for many of us, can take a lifetime to learn.
The program is roughly about four weeks long and is offered to students from sixth to 12th grade.
About Diversified Members Credit Union
Diversified Members Credit Union is a full service financial institution offering loans, savings and checking accounts. Anyone who lives or works in the state of Michigan is eligible for membership. Formed in 1929, DMCU has grown to over 20,000 members and $400M in assets. For more information, visit www.dmcu.com, or on Facebook or Twitter.
CONTACT: Dennis Mollner II, 313.568.5000 ext. 238, firstname.lastname@example.org
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SOURCE Diversified Members Credit Union