MERIDEN, CT — Fearing the chill of the newly arrived Connecticut Fall, golfers arrived on Wednesday with jackets but quickly shed them on what became a picture perfect day at Tunxis Plantation Country Club in Farmington. Over 50 golfers came out to support the 1st Annual “Tee it up for Financial Literacy” this past Wednesday, September 20th.
The field of credit union representatives, members and supporters from across Connecticut gathered to bolster the Financial Reality Fair Foundation, an organization created by the Credit Union League of Connecticut which provides financial education to High School students throughout Connecticut through a series of Financial Reality Fairs.
Each year, the Foundation invites high school students from all across Connecticut to participate in a series of Financial Reality Fairs to gain vital financial skills, like budgeting, responsible purchasing, and understanding credit scores.
“I thank all our wonderful volunteers, sponsors, the golfers, donors and staff at Tunxis who helped make our first golf tournament a huge success,” says Barbara Bass, CT League Vice President, Education & HRD. “Successful events like this allow us to put on these fairs, helping our students and our community reach financial responsibility.”
Notable Sponsors: Seasons Federal Credit Union (FCU), Scient FCU, Northeast Family FCU, CUNA Mutual Group, Baillie & Hershman, American Eagle FCU, Achieve Financial CU, Northwest Hills CU, First Bristol FCU, First New England FCU, Greater Hartford Police, Credit Union Vendor Risk Solutions, The Credit Union League of Connecticut and Personal Care America.
Raffle Prizes included a new set of Adam’s Irons, tickets to a Giants game at the Meadowlands, foursomes at country clubs across the state, and tickets to the Foundation’s Comedy Night in March.
Two teams tied for the best score of 8 under 62 in the scramble, the Scient Federal Credit Union group of Cheryl Dunaj, Irvine Hagewood, Tony Orgini, and Chris Mayward as well as the Personal Care America group, Alan West, Aaron Choi, Greg Marty and Johnathan Londin. Prizes were also awarded for closest to the pin on all par threes and men’s and women’s longest drive.
About the Financial Reality Fair Foundation
The Financial Reality Fair Foundation was created by the Credit Union League of Connecticut to provide financial literacy to high school students. Each student who signs up receives an individualized spread sheet, outlining expected first year income for their selected careers. During the fair, students go on a two hour, in-depth, interactive hunt for startup life needs. Using their provided spreadsheet and budget folder complete with a calculator and note pad, students practice the tricky act of balancing their finances in a simulated world which includes tempting, expensive cars, quick money, high cost loans, and unexpected expenses.
Students, teachers and parents praise the fair for providing vital financial experience for young people in transition, for giving the next generation the opportunity to plan for the often overlooked challenges of life on their own. The average college graduate has $10,000 to $25,000 in credit card and student loan debt. Connecticut Credit Unions strive to provide education to their members and to future members in hope of creating a responsible financial community in Connecticut.
In 2013, the Financial Reality Fair Foundation and Connecticut Credit Unions celebrated reaching over 12,500 students by the end of the 2012-2013 school year. The fair is made possible by donations and fundraisers like the “Tee it up for Financial Literacy” event, and is provided at no cost to the student or school other than transportation to and from the fair.
Up Coming Financial Reality Fairs 2013:
October 9th, Hamden Highschool
October 30th, Connecticut State Capital
March 26th , UCONN Stamford
For more information about the Financial Literacy Fairs visit their website, at http://ctrealityfair.org/
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