For more than 50 years, LUSO Federal Credit Union has advocated for the financial health and wellness of our members. To mark April’s designation as “National Financial Literacy Month,” we are highlighting the importance of financial literacy and teaching members of all ages how to establish and maintain healthy financial habits.
Financial Literacy for Local Youth
This commitment to helping members reach their financial goals starts with local youth. For over a decade, credit union staff have participated in school banking at the elementary and middle schools in Ludlow, Wilbraham and Hampden, encouraging young people in the communities to establish a strong financial foundation.
Each week of the school year, representatives from LUSO visit area schools to give students a chance to deposit money into their Savings is Fun account while also treating them to weekly prizes and monthly raffle contests. By making banking fun and exciting for students, LUSO helps them build a strong foundation for financial health and wellness as they grow.
Banzai Financial Wellness Center
In addition to its School Banking program, LUSO offers a digital Financial Wellness Center through a partnership with Banzai, to help individuals, regardless of age, to master strategies in investing, saving, credit, and more with interactive articles, coaches, calculators and online games. Visitors to the Financial Wellness Center will find an interactive library of topics to cover most pressing financial concerns, including life changes, budgeting and saving, housing, retirement, taxes, insurance, running a business and investing. The site also offers a “choose your own adventure” game that presents users with dilemmas and puzzles tailored to their age and situation.
“LUSO Federal Credit Union plays an important role in our community by ensuring that our members have access to financial literacy programs and information that provide the knowledge necessary to make responsible decisions about their personal finances,” said Jennifer M.G. Calheno, President and CEO of LUSO. “Our goal is to provide members with the tools they need to build a strong financial foundation for their futures.”
To help members further manage their personal finance, LUSO also offers Credit Sense, a free credit monitoring service that provides instant credit score access and improvement tips, savings opportunities, educational tools, credit report monitoring alerts, and more, all through LUSO’s online and mobile banking platforms. Access LUSO’s library of financial articles and interactive games or learn about our In-School Banking Program. For more information about LUSO Federal Credit Union or to become a member, contact us.
