Metro Credit Union Celebrates Financial Literacy Month
April 11, 2019
Metro Credit Union has launched a robust campaign celebrating Financial Literacy Month, a nationally recognized observance highlighting the importance of financial literacy at any age. Throughout the month of April, Metro will be delivering financial wellness education programming, providing the tools, skills, and resources needed to create financial wellness.
Credit union and community members are invited to attend Metro’s free financial wellness seminar series with events scheduled into the summer at convenient locations throughout the greater Boston area. Seminar topics include Investing 101, Retirement Income Planning, Social Security, and First Time Homebuying. Metro is also launching an informal evening series called Money Mentor Meetups, hosted by professional financial advisors who will lead thoughtful small group conversations that encourage financial success. Visit MetroCU.org for a listing of available seminars.
Annually, students from Metro’s High School Branches in Peabody and Chelsea compete in the Massachusetts School Bank Association's Banking Bowl at the Federal Reserve Bank in Boston. Students are divided into teams and compete in three areas: Product Development, Marketing and Trivia. This year’s competition on April 5th resulted in multiple wins for Peabody High School: 1st Place, Marketing; 2nd Place, Product Development; an essay competition prize to Peabody High student Dolly Patel, and a scholarship prize to student Liam Finnegan. Stevewee Doung of Chelsea High School also placed in the essay competition.
Metro also offers MoneySense, a free digital financial education program available in partnership with the leading education technology company EverFi, Inc. Metro has made an ongoing commitment to fund this financial literacy program, a major initiative that empowers young people by providing high school students across Massachusetts with the essential skills needed to make sound financial decisions. Currently, 11 Massachusetts high schools are using the program, with an additional five schools planning to implement before the end of the academic year. Since the program was introduced in 2017, 2,497 students have completed 7,169 hours of financial education. Metro also offers MoneySense online courses on MetroCU.org, available to all credit union and community members at no cost.
Metro is placing a special focus on empowering employees with financial wellness programing. Metro launched a monthly series of complimentary Lunch and Learn seminars with topics including Credit Health, Investments 101, 401K Planning, and more. Additionally, employees are being encouraged to take control of their credit scores by enrolling in CreditSense, a free credit monitoring service available to all members through Metro’s Online Banking platform.
Currently, over 1,200 companies partner with Metro through the Metro@work banking program. Metro@work goes beyond direct deposit services, offering special benefits such as regularly scheduled Lunch and Learn seminars on important personal finance topics, where employees learn about managing day-to-day finances, investing for the future, and planning for retirement.
Charlene Bauer, SVP Outreach, Advocacy and Chief Development Officer, leading a MoneySense training discussion with High School seniors graduating in 2019. - - - - -About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts, approaching $2.0 billion in assets. Metro provides a full range of financial products to more than 210,000 members in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable, Bristol and Worcester counties in Massachusetts, and Rockingham and Hillsborough counties in New Hampshire, as well as to employees of over 1,200 companies through its Metro@work program.
Founded in 1926, Metro currently operates 15 branch offices in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, and Tewksbury. Metro is also a Juntos Avanzamos (“Together We Advance”) designated credit union, an honor given to financial institutions for their commitment to serving and empowering Hispanic and immigrant consumers.
Learn more at MetroCU.org.