Chapter receives national award for youth education

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LEWISTON – For the second consecutive year, the Norm Nolette Chapter of Credit Unions, comprised of credit unions in Androscoggin and Oxford counties, was recently presented a first-place Desjardins Youth Financial Education Award by the Credit Union National Association. It was the only chapter award presented in the country.

The focus of the chapter’s winning entry was its successful creation and coordination, in conjunction with the Maine Credit Union League, of the second annual youth financial fitness fair at Central Maine Community College in Auburn.

The “Financial Fitness Fair – A Money Management Experience” was presented on April 6, 2005, bringing more than 100 juniors from area high schools in for a morning that has been compared to “an interactive game of life.”

Feedback from last year’s fair was positive, and the Norm Nolette Chapter was praised for “being proactive in bringing the issue of youth financial education to a new level and providing assistance to help children develop a better understanding of money management.”

As a result, the chapter presented the third annual fair on April 6 at CMCC. A record 210 high school juniors and seniors from 12 area high schools participated in the event that provides participants with an opportunity to complete a monthly budget based on a spending plan developed through various booths, such as housing, transportation and food.

The Desjardins Award is named in honor of Alphonse Desjardins, the founder of the North American credit union movement. It considers all activities supporting the personal finance education of young members and nonmembers.

The Norm Nolette Chapter of Credit Unions consists of Community, Great Falls Regional, Rainbow, Ste. Croix Regional, Lewiston Municipal and Maine Family, all in Lewiston; Monmouth; Otis in Jay; Oxford in Mexico; RCH in Rumford; and Sabattus Regional. For more information, visit www.mainecul.org.

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