Correctional facility education at Royal Credit Union
The Royal team provides ongoing financial education at the Chippewa Valley Correctional Treatment Facility. We also do financial education work with the Barron, Dunn, and Eau Claire County jails and the Barron County Drug Court program. Topics covered include budgeting, dealing with debt, and the true cost of life’s expenses. Since the start of this program in 2015, Royal has impacted over 1700 students.
This program offers an opportunity to support a marginalized population. We believe it can play a small role in creating the systemic change that is required in our society.
Royal received a National Credit Union Foundation grant in 2019 and worked with representatives from the University of Wisconsin-Stout Applied Research Center (ARC) to create a survey to measure the effectiveness of the correctional facility program. Students showed statistically significant gains in content knowledge, as well as attitudes and confidence levels regarding financial literacy.