The Suncoast Credit Union is making a difference in the lives of Champions For Learning students in various ways. From financial lessons, to providing five, $2,000 scholarships to 2022 high school seniors, it is evident Suncoast Credit Union cares about future generations success.
“Young adulthood is a great time to learn money management techniques that can last a lifetime. Familiarizing high schoolers with financial concepts empowers them to make wise decisions when they become financially independent,” said Rhiannon Ray, Youth Outreach Specialist at Suncoast Credit Union.
Suncoast Credit Union has hosted multiple zoom sessions with Champions For Learning. Financial experts from the credit union have provided students guidance on financial situations they may encounter after graduation.
“I knew a few things about it [finances], but this presentation really explained credit scores and what I can focus on later on when I’m trying to build my credit, or buy a home or get a loan.” said Juliana, Champions for Learning student and 9th grader at Lely High School. “It really explained and elaborated what I need to pursue later on in my future.”
Financial experts from Suncoast Credit Union discussed factors to consider when preparing for financial independence. Topics such as budgeting, how to use credit wisely, preparing for future bills and how to open a checking and savings account were just a few of the topics discussed.
“We hope to create a space where learners can ask questions, set goals, and learn the necessary steps to becoming financially secure,” said Ray.
For some students, the topic of financial independence is relevant now. This is true for Juliana. She is only a freshman, but is already preparing for life after she receives her drivers license by planning to buy a car of her own.
“I do a lot of sports and extracurriculars. I feel like it’s very important to have stable transportation,” said Juliana.
Already having a solid grasp on finances, Juliana says the zoom session was still beneficial.
“Essentially, I really need to budget more. When it comes to budgeting, I have to find a value of how much I want to spend on myself, on the car and on other things like food and bills I might have to pay later on,” she said.
Now with the financial advice from Suncoast Credit Union, Juliana hopes to soon get a job, then save and budget for a car.
In addition to the financial literacy lessons being hosted by Suncoast Credit Union, each year the credit union invests in our community through five, $2,000 scholarships available to all Collier County seniors.
“We believe the best way we can build better communities is by investing in education and health-related initiatives for children,” said Cindy Helton, Executive Director of the Suncoast Credit Union Foundation. “Through the Suncoast Credit Union Scholars program, we have the opportunity to invest in individual human potential, which is particularly rewarding.”
For more information on the Suncoast Credit Union Scholarship as well as qualifications, visit the Champions For Learning Website.