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Virginia CU Recognized for Financial Education Seminars

Feb 20, 2013 by Lewis Wood

Virginia Credit Union won a 3rd Place Award in the Desjardins Adult 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 in local communities.

Virginia Credit Union won a 3rd Place Award in the Desjardins Adult 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 in local communities.

Virginia Credit Union was recognized for reaching 640 adults through financial education seminars held at public libraries, workplaces and within the community. In addition, 124 members completed online financial courses offered by the credit union's financial education and training partner.

A new online tool offered by the credit union provided members with assistance in budgeting, tracking expenses and goal setting, drawing more than 200 member participants. The credit union was also recognized for educational programs offered in conjunction with "Financial Freedom Month" in April 2012.

"Our program of adult financial education is geared toward the needs of everyday people, addressing real-world concerns and offering practical tools and advice that cover the gamut of financial needs," says Virginia Credit Union President/CEO Jane Watkins. "Our goal is to help people succeed financially by making smart financial choices and managing their money wisely." 

A member-owned financial cooperative with more than 220,000 members, Virginia Credit Union provides a variety of affordable banking services, loans and mortgages, checking and savings services, and financial education resources. Virginia Credit Union is federally insured by NCUA and is an equal housing opportunity lender. For more information, visit www.vacu.org.

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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