FORT KENT, Maine — The Financial Literacy Partnership between Acadia Federal Credit Union and the University of Maine at Fort Kent, has received a $12,000 grant from the National Credit Union Foundation (NCUF) to fund a pilot program focused on financial education. The priority of this new ‚ÄėFinancial Literacy Project‚Äô is to educate students of all ages about the importance of saving money and planning their financial futures.
Acadia Federal Credit Union is one of only 19 credit unions from across the country to receive a NCUF grant and the only one in New England. A focus on financial literacy was the heart of the grant application, which directly relates to the goals of the Foundation. ‚ÄúThis is the second year in a row that NCUF is focusing exclusively on financial education in our grants which will ultimately help more people achieve financial freedom,‚ÄĚ said Tom Candell, NCUF Deputy Executive Director, COO/CFO. Acadia‚Äôs partnership with UMFK and the priority of the ‚ÄėFinancial Literacy Project‚Äô will prepare youth for financial independence as they plan their futures.
The NCUF grant money will fund the coordination of various events, development of resource material and creation of ‚ÄúFinancial Literacy Kits.‚ÄĚ Scott Voisine, Dean of Community Education at UMFK, and George Bragdon, Americorps Vista Volunteer at UMFK, will lead the implementation process at various elementary, middle and high schools throughout the St. John Valley. Voisine said, ‚ÄúI am thrilled to be a part of this ground-breaking partnership and project that encourages students of all ages to become more aware of their finances throughout the different stages of their life and education.‚ÄĚ David Desjardins, President/CEO of Acadia FCU added, ‚ÄúWe are very pleased that the National Credit Union Foundation has decided to fund our grant application. The Foundation was extremely interested in our partnership and collaboration with the university on this project. This will allow the joint venture between Acadia and UMFK to reach more students and better educate youth in financial matters.‚ÄĚ
Representatives from Acadia FCU and students majoring in Education at UMFK will visit schools and collaborate with teachers about the importance of financial planning. In addition, educators will be provided with financial planning supplies, resource materials and teaching tools to continue financial literacy development throughout the academic year. The grant cycle will begin in January of 2012, but the project is scheduled to start later this month.
Contact Name: Kate Dumon
Telephone Number: (207)834-6167