Oxford credit union receives award


RUMFORD – Oxford Federal Credit Union received a first place Louise Herring Philosophy In Action Award for 2005 at a Credit Union Governmental Affairs Conference reception in Washington, D.C., in March.

The credit union was praised for its efforts with youth financial education with its members at local schools. The credit union hosted its first Youth Financial Fair for the Region 9 School of Applied Technology in January 2005 and repeated the event in January 2006.

The students who attended the simulated Financial Day in My Life at age 22 had a chance to experience using a budget, factoring in credit scores, and make major purchases, apply for loans and balance a budget.