PHILADELPHIA, PA (May 15, 2014) -- Sb1 Federal Credit Union (Sb1) will lead the financial education efforts in the summer program at EducationWorks providing 250 high school students aged 14-18 with basic and solid financial education on various topics that include What is Banking, How to Budget and The Value of Saving.
“Sb1 is thrilled to offer these financial education seminars to students who may not have been exposed to any type of financial education. The staff at Sb1 feel it is extremely important that these types of financial literacy conversations are occurring at an age when they begin to contemplate graduation, begin working and become responsible for daily expenses”, says Vice President of Marketing, Diane Childs Heath. “For Sb1 to be able to reach these many students in this summer program at an early age gives them a head start for the challenges they will encounter and be better equipped to make good decisions.”
EducationWorks has tremendous impact in neighborhoods hard hit by poverty, low employment and low educational achievement. Backed by their experienced program management and hundreds of trained staff, they improve the lives of over 15,000 students and families annually. Providing a financial education component to these families provides key knowledge to help alleviate potential financial pitfalls.
“Through our youth employment program, teens serve as junior summer camp counselors which provide them their first exposure to the workplace while learning skills that will allow them to be successful in the workplace. It provides them basic work habits such as showing up on time and teamwork and we wanted a financial component as well. We were impressed with the Sb1 Federal Credit Union staff and what they could provide our program, says Craig Heim, EducationWorks Pennsylvania Assistant Director.
About Sb1 Federal Credit Union
Governed by a volunteer Board of Directors since 1977, Sb1 is a not-for-profit credit union owned by its members. Profits are returned to the members in the form of better rates, fewer fees and convenient technologies. Sb1 is one of the largest federally insured financial cooperatives in Philadelphia with approximately $600 million in assets and 32,000 members. Anyone who lives, works, worships or attends school in Philadelphia, south of Lehigh Avenue, can utilize Sb1 products and services. For more information please visit www.sb1fcu.org
About EducationWorks
EducationWorks is a not-for-profit organization that provides comprehensive support for economically disadvantaged communities in Philadelphia, Chester, PA; and Camden and Trenton, NJ. Education Works goal is to provide educational programs and services that enrich the lives of children, youth and families confronting high rates of poverty and other barriers to educational achievement. By tackling core issues like literacy, graduation rates, safety and social awareness they equip individuals with the tools they need to stay safe, finish school, make better choices and become more productive members of their communities. For more information please visit www.educationworks-online.org.