The Kennebec Valley Chapter of Credit Unions hosted an interactive Financial Fitness Fair on April 5 at Cony High School in Augusta. In attendance were Cony and Maranacook seniors, with a second session hosting Cony’s eighth graders. Nearly 250 students participated in the money management experience, which teaches children how to create a monthly budget based on their income and expenses.

“When students participate in a Financial Fitness Fair, they get an opportunity to figure out how to manage everyday expenses like transportation, housing and loans,” shared Wendy Brochu, marketing director at Connected Credit Union. “The scenarios we present them are both fun and challenging and truly go a long way at demonstrating the importance of developing and sticking to a monthly budget.”

The KV Chapter of Credit Unions is comprised of 12 local institutions including Capital Area Federal Credit Union, Connected Credit Union, Franklin-Somerset Federal Credit Union, Gardiner Federal Credit Union, KSW Federal Credit Union, KV Federal Credit Union, Maine Highlands Federal Credit Union, Maine State Credit Union, New Dimensions Federal Credit Union, Sebasticook Valley Federal Credit Union, Winthrop Area Federal Credit Union and Trademark Federal Credit Union. Ten of these credit unions participated in Tuesday’s Fair.

“When it comes to the various skills one can learn in life, few are more important than learning and understanding basic personal finances,” said Jake Holmes, the Maine Credit Union League’s Financial Literacy Outreach coordinator. “This is why National Financial Literacy Month was established. Each April, public and private sectors come together to raise awareness about financial literacy and promote financial education. One of the ways Maine credit unions promote continued financial education is through our fairs, which serve as an educational, insightful and even fun experience on a topic of the utmost importance.”

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