MADISON, Wis.–The National Credit Union Foundation has approved three new Biz Kid$ Business Plan Competition Grants for 2019-2019, totaling $25,000.
These grants allow credit union organizations to use Biz Kid$ to provide economic and entrepreneurship education to youth to help them build a solid financial future, the NCUF said.
The Foundation noted its Biz Kid$ Business Plan Competitions allow students to build their own business using knowledge from the series, while practicing financial education, entrepreneurial, public speaking, and teamwork skills. “The creation of a business plan truly puts what they have learned in the classroom into action and provides hands on, outcomes based financial education to the students,” the Foundation said.
The Grant Projects
Granted projects include:
- Northwest Credit Union Foundation in Idaho, Oregon and Washington will host a competition to increase collaboration among credit unions in the northwest to increase awareness in the role credit unions play in improving community financial health. The NWCUA will also collaborate with Junior Achievement and Financial Beginnings, organizations who have shared commitment to youth financial education, to help in judging the competition, the Foundation said.
- Southeastern Credit Union Foundation in Alabama is going to work with the Greater Metro Birmingham Children’s Business Fair, partnering with credit unions and a local Young Credit Union Professional Group, to introduce the Business Plan Competition. This will increase their financial health reach in Alabama and help credit unions to connect with the students in the communities they serve, the NCUF said.
- WEOKIE Credit Union Foundation in Oklahoma will provide education and training in financial education and entrepreneurship by bringing together credit unions, electric and agricultural cooperatives to partner with teachers and students participating in the Biz Kid$ contest. Through this grant, students will get excited about cooperatives and teachers across the state will receive training on instruction of personal finance and entrepreneurship, according to the Foundation.