Henrico FCU supports teachers in financial education curriculum
Henrico Federal Credit Union and Hermitage High School partnered over the last two weeks of school to deliver life lessons in financial education. During a time when teachers are often reviewing and giving exams to other students, the end of the school year has been a great opportunity for teachers to invite the credit union in for hands-on activities on budgeting and being credit smart.
Henrico FCU has been on the forefront of educating young people on finance by opening student run branches in three of Henrico County’s high schools -- Deep Run, Hermitage and Henrico -- and appearing in classrooms to partner with teachers on lessons in personal finance.
Robyn Clark, Henrico FCU’s financial education manager, introduced a real world simulation in which students were given "life situations" and had to make decisions regarding spending and lifestyle. The students had to factor in expenses like taxes, financial institutions, real estate, apartment rentals, apparel, car loans, credit cards, day care, entertainment, gasoline, groceries, insurance, utilities and more.
Henrico FCU also provided student seminars on “Making Smart Credit Choices” and “Buying Your First Car” right before the school year ended.
In the fall of 2011, Virginia mandated students take a class in financial education during their high school career. Virginia's high school students are required to pass economics and personal finance in order to graduate. The requirement doesn't apply to current juniors and seniors.
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