Wed, Jan 11, 2017
APGFCU has sponsored its first “Millionaire's Club” at North Harford High School in Pylesville, Md., making it the first school in Harford County to host the popular financial education experience.
Students at North Harford now have a new, engaging resource for developing personal finance skills while enjoying competitions with other students locally, statewide, and across the nation.
"Credit unions have a tremendous opportunity to empower the next generation to take control of their financial lives," says APGFCU President & CEO Don Lewis. "Personal financial management skills are often not taught at home or as part of a school's curriculum. This is where credit unions can help bridge the knowledge gap. The earlier we can help young people achieve financial literacy, the greater the impact it will have on their futures."
Millionaire's Club members at North Harford are preparing to engage in The Stock Market Game™ competitions, with teams of students researching and trading stocks on a "virtual" basis, pitting their selections against other teams and learning ins and outs of investing. In addition, they are learning the basics of budgeting, selecting financial services, protecting their assets and identities, responsible borrowing, career choice, and more.
Millionaire's Clubs were created to help credit unions serve local high schools through a complete financial education offering. Millionaire's Clubs have been growing at an increasing rate. As of this writing, over 1,500 students benefit annually from their participation.
Clubs are provided seed grants, detailed curriculum, and faculty/student materials at no charge. Clubs are entered into local, regional, and national competitions such as The Stock Market Game™ and The Personal Finance Challenge™. Additional support materials 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.