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DuPont Community CU Wins Desjardins Award

Feb 20, 2013 by Lewis Wood

DuPont Community Credit Union has won 2nd Place Award in the Desjardins Youth Financial Education program. The credit union's award-winning entry spotlighted a variety of programs it utilizes to teach money management basics to young people, including hosting on-site credit union visits for students and its own MileStones program, a unique five-tier, age-appropriate financial education program that teaches financial management skills and encourages development of a savings habit.

DuPont Community Credit Union has won 2nd Place Award in the Desjardins Youth Financial Education program. The Desjardins Award, sponsored by the Virginia Credit Union League and the Credit Union National Association, honors credit unions for their commitment to teaching personal finance basics to young people.

The credit union's award-winning entry spotlighted a variety of programs it utilizes to teach money management basics to young people, including hosting on-site credit union visits for students and its own MileStones program, a unique five-tier, age-appropriate financial education program that teaches financial management skills and encourages development of a savings habit.

During the 2012 school year, the credit union reached 8,095 young people with its message on spending wisely and saving for the future.

The credit union also participated in a venture within the credit union system to offer educators advice on presenting personal finance lessons in the classroom. Called Real Money Experience, the training session in the credit union's hometown of Waynesboro drew 40 educators  from across the region.

As part of its organizational commitment to financial education, the credit union also covers the need for financial education during its orientation for new staff members.  

"We are proud to have made financial education an organizational priority," said DuPont Community President and CEO Gerald Hershey.  "We are uniquely positioned to reach thousands of young people and members of our community each year with lessons on personal finance basics. We are also proud to devote our energy and resources to helping train local educators on how to bring money management concepts to life in the classroom."

DCCU is a not-for-profit, full-service financial cooperative organized to serve the ever changing financial needs of all the members who own it. The Credit Union operates ten offices in the Central Shenandoah Valley region. For more information visit the credit union's website at mydccu.com.

The award is named in honor of Alphonse Desjardins, the founder of the North American credit union movement, who established the first “caisse populaire” (people’s bank) in Quebec in 1900, and helped establish the first American credit union in New Hampshire in 1909. Desjardins was an ardent believer in the value of teaching individuals to save, and he promoted the idea of in-school savings programs (caisses scolaires).

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