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Virginia Credit Union Offers Financial Education to Senate Pages

Jan 23, 2013 by Lewis Wood

Virginia Credit Union offered a financial education session to the young people who serve the Senate of Virginia as pages and messengers on Monday, January 21. Cherry Hedges, Virginia Credit Union’s financial education director, led the students through an hour-long presentation that included hands-on budgeting activities.

CONTACT:
Glenn Birch
Virginia Credit Union
(804) 560-5664
glenn.birch@vacu.org

Cherry Hedges, Virginia Credit Union’s financial education director, led students through an hour-long presentation that included hands-on budgeting activities.

Cherry Hedges, Virginia Credit Union’s financial education director, led students through an hour-long presentation that included hands-on budgeting activities.

(Richmond, VA, January 23, 2013) – Virginia Credit Union offered a financial education session to the young people who serve the Senate of Virginia as pages and messengers on Monday, January 21. Cherry Hedges, Virginia Credit Union’s financial education director, led the students through an hour-long presentation that included hands-on budgeting activities.

The students developed realistic budgets based on the average income for a variety of occupations. The students were randomly assigned careers as short-order cooks, child care workers, legal secretaries, mail carriers, financial planners, physicians and others. The students considered the impact of careers on future earning potential and learned to construct a realistic monthly budget based on the salaries they were assigned.

The lesson also included information about debit cards, credit cards, cash, and checks. The students discussed opportunity cost and the importance of managing credit as adults.

The 40 students, most of whom are 13 or 14 years old, are in Richmond during the General Assembly session and serve the Senate clerk’s office. The students come from all parts of Virginia and keep up with their schoolwork while staying in Richmond. The financial education session was one of several educational sessions offered while the General Assembly is in session.

Virginia Credit Union is a member-ownedfinancial cooperative with more than 220,000 members. The 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.

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