Wed, Jan 31, 2018
Washington County has its first Millionaire’s Club financial literacy offering at Williamsport High School in Hagerstown, MD. Washington County Teachers Federal Credit Union is serving as the Club’s sponsor. The students at Williamsport now have access to a personal finance program designed to prepare them for financial independence.
"Washington County Teachers Federal Credit Union is dedicated to our local schools, their students, teachers, administration, and staff,” says Jennifer Carley, WCTFCU Branch Manager. “We believe in providing financial education to help strengthen the financial lives of members of our community and this Millionaire’s Club is an excellent example of how we go about that."
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 2,000 students benefit annually from participation at 50 sites.
For information on the Millionaire's Club financial education experience, visit MillionairesClub.org.
Photo caption: Members of the new Millionaire’s Club at Williamsport High School, Hagerstown, MD pose at one of their recent meetings. Pictured with the student members are the Club’s faculty advisor, Nicole Ciccarelli (center), representing Club-sponsor, Washington County Teachers Federal Credit Union, Jenn Carley (right) and Williamsport HS Principal Heath Wilcox (right).
The Millionaire’s Club helps promote financial literacy. Students learn skills essential to financial success including budgeting, responsible borrowing, career choice, and investing while enjoying competitions like the Stock Market Game™ and the Personal Finance Challenge™.