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Fed Choice Charitable Foundation Promotes Financial Literacy in Underserved Communities

The FedChoice Charitable Foundation is committed to making a positive impact in local underserved communities in the Maryland, DC, and Virginia area.

During this past year, the Foundation has been actively investing in a wide range of financial literacy programs, including funding educational scholarships, providing small grants to K-8 educators, introducing “The Millionaire Club” program in local schools and conducting financial education sessions for local elementary and middle schools.

The Foundation is pleased to announce that it has received a $2,500 financial literacy grant from the Credit Union Foundation of Maryland and DC in support of FCF’s numerous community- centric financial education programs.

As part of its educational programming this past spring, the Foundation and FedChoice Federal Credit Union staff provided a number of interactive educational sessions for Cora L. Rice Elementary School 3rd grade students about savings, budgeting and investing. The students and teachers also took part in a special “insider” tour of its headquarters. The detailed tour included the students’ participation in an interactive workshop on budgeting and investments followed by a series of focused presentations by the FedChoice staff. In addition to financial education, students learned about different career opportunities available to them in the future. As the new academic year starts in these schools next week, the Foundation will continue its work with Cora L. Rice Elementary School students and expand to G. Jacob Gholson Middle School, where these elementary students will soon attend.

“We greatly value our collaboration with local schools and the opportunity to create meaningful programs that will benefit not only the students, but also their families, teachers and the larger community,” stated Andrey Gidaspov, FCF Executive Director. “The generous grant from the Credit Union Foundation of Maryland and DC will help many young people from underserved communities develop essential skills and practical tools to support their financial independence.”

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