Ludlow, MA, March 11, 2016 – LUSO Federal Credit Union (www.LusoFederal.com), a member-owned not-for-profit financial cooperative, will be launching a return of its Junior Achievement Program to 90 classrooms in Ludlow, Massachusetts. In total, nearly 2,000 students will participate in this program, which is meant to foster work-readiness, entrepreneurship, and financial literacy skills in students from kindergarten to grade 8.
“Too often nowadays, people don’t realize the costs of not being financially literate until it’s too late,” says Jennifer Calheno, CEO and President of LUSO Federal Credit Union. “This program is hoping to change that for the next generation. By helping students understand and manage their finances and develop job skills now, they can carry these abilities through to their teenage and adult years.”
The program runs from March through June 2016 and includes activities designed to help students create and track a budget, map careers, be savvy shoppers, understand the difference between a need and a want, and ways in which they can keep (or end up losing) a job. The program is offered in addition to LUSO’s In-School Banking program, which serves to get students started on deposits, savings, and other elements of successful banking habits.
“There has been enormous support for this,” adds Calheno, referring to the 50-plus volunteers who are helping carry out the activities. “There are parents, grandparents, businessmen and -women, stay-at-home parents—everyone has been helping out. This is a community that understands the importance of instilling financial skills early in life.”
LUSO Federal Credit Union is a member-owned, not-for-profit financial cooperative dedicated to providing its members with quality financial services and products. LUSO prides itself on serving the financial needs of those who live, work, worship, do business, or attend school throughout Hampden County, Massachusetts, regardless of economic status. More information about LUSO and its services can be found on the cooperative’s web site at www.LusoFederal.com.