Security Service FCU (SSFCU) has received the Cornerstone Credit Union League Desjardins Youth Financial Education Award for credit unions with more than $500 million in assets category for its work with Family Services Association in improving the financial literacy of hundreds of teens and their parents.
With funding from the city of San Antonio, Family Services Association offers a six-week, paid summer internship program for youth ages 14 to 16 years. As part of the program, the teens receive leadership development training and money management education. This year, SSFCU provided four financial education presentations for the 200 plus students and their parents, covering a range of subjects including money basics, using credit wisely, budgeting and taxes. As part of their internship, all the students were required to open a savings account and save at least 10 percent of their earnings. SSFCU provided free savings and checking accounts to those who did not already have accounts set up.
“Helping young people secure jobs and financial skills is key to their future success,” says Letha Harrelson, SSFCU’s business development manager. “And when they succeed, the entire community succeeds.”
About Security Service Federal Credit Union
Security Service Federal Credit Union offers competitive, affordable financial products and services designed to meet the needs of its members. Headquartered in San Antonio, Texas, Security Service is an industry-leading financial institution with $7 billion in assets and 70 locations in Texas, Colorado and Utah. The credit union is among the top 10 credit unions in the nation. Security Service strives to be America’s best credit union and provides the true benefits of credit union membership with financial services of the highest quality and value. Learn more at www.ssfcu.org or call 1-888-415-7878.