Tallahassee-Leon Federal Credit Union (TLFCU) hosted its fourth annual Mini Billionaires’ Academy, a week long overnight summer camp designed to teach youth the benefits of understanding money and financial planning. TLFCU received support last year for the Academy from the National Credit Union Foundation (the Foundation) through a Biz Kid$ Financial Education Grant.
The Mini Billionaires’ Academy is designed to help youth become financially literate through lessons in budgeting, income, savings, taxes and more. They have created fun, hands-on activities that give the campers an interactive learning experience.
“Students are graduating high school, and even college, with almost no formal training on personal money management. We are proud to be able to fill that gap in our community,” said Lisa Brown, President/CEO of TLFCU.
For the first two years of the academy, the lessons and activities were created for youth ages 12-15. These past two years, they were able to extend the participant age range to between 8-17 years old. The curriculum incorporated a leadership development aspect to the program for campers ages 16 and 17. These campers had a more intense financial literacy training and were able to act as financial counselors to the younger campers.
TLFCU was also able to drastically increase their camp attendance from 15 kids in 2013 to 50 in 2014. They even had a camper attend from Trinidad, demonstrating the expanded reach of the program. The camp also hosts a Reality Fair on the last day of the academy, which has included participation of state representatives and volunteers from the League of Southeastern Credit Union. As of 2015, over 115 campers have graduated with their ‘MBA.’
Tallahassee-Leon Federal Credit Union was able to provide some partial or full scholarships for campers this year due to the increase in attendance.
“We are so happy that we could help fund this Mini Billionaires’ Academy,” said Danielle Brown, Director of Development & Donor Relations for the Foundation. “This program is the perfect way to make learning about finances fun, and it can really help to improve youth financial literacy.”
A Foundation Grant at Work
This “Grant at Work” is part of a series
that highlights Foundation grantees who made a positive impact in
their community and empowered consumers to achieve financial freedom
through credit unions. Grants are made possible by supporters of the
Biz Kid$ - Teaching Kids about Money & Business
Biz Kid$ is a financial literacy initiative launched nationally in
January 2008 that teaches kids about money and business. The initiative
includes an award-winning TV series, free classroom curriculum,
outreach activities, and a website targeting children 9 – 16 years
old. The Foundation is responsible for the fundraising and outreach
of the program, and a coalition of over 300 credit unions and
affiliates from across the country have helped exclusively fund Biz
Many credit unions leverage Biz Kid$ to teach financial education in
schools in their community. In addition to the Foundation’s box sets and starter kits, companion materials and other resources for teachers and parents are available at no cost on the Biz Kid$ website, bizkids.com. The site also features clips from the series and invites kids to appear on the show.
For more information about Biz Kid$, click here.