Torrance, CA (March 20, 2024) |
My First Nest Egg, an award-winning digital financial education system for kids, ages 3-13, is thrilled to announce its partnership with Torrance Community Credit Union, a 66-year-old institution serving the cities of Torrance, Redondo Beach, Palos Verdes, Hawthorne, Lawndale, and Lennox in southern California. The collaboration aims to provide free resources for Torrance Community Credit Union members and its community, promoting youth financial education both at home and in the classroom.
My First Nest Egg's co-founders, Nicolle Hood and Annie Shoen, both moms and former attorneys, developed this interactive learning platform in response to the growing concern of youth financial illiteracy.
"We're in the midst of a financial literacy crisis costing Americans $350 billion a year due to personal finance mismanagement," said My First Nest Egg’s CEO, Nicole Hood. "Without proper financial education programs, our children's financial futures are at risk."
Torrance Community Credit Union, known for being advocates for its member’s financial-wellbeing, is eager to join forces with My First Nest Egg. Through this partnership, Torrance CCU will offer a customized co-branded version of the My First Nest Egg app and content, designed to engage their youngest members in learning about earning, saving, and giving back. The offerings include a white-labeled smart piggy bank, an age-appropriate curriculum, a dedicated website, calculators, and more, enhancing their youth programming.
“Financial literacy is one of our top priorities at the credit union,” said Torrance CCU president and CEO Michael Wilkins. “We owe it to our members and the community to give them the tools to create their best financial future.”
Research shows that 64% of adults identify money as a significant source of stress in their lives. Recognizing that money management is more about mindset than just math, My First Nest Egg aims to instill healthy financial habits in childhood, leading to improved financial outcomes and reduced financial stress in adulthood.