Bringing Financial Literacy Where It’s Most Needed

Bringing Financial Literacy Where It’s Most Needed

The Foundation’s Board of Directors was unanimous in their decision to make a strong commitment to bringing the power of financial education to local underserved communities. We realized its importance for our members and partners. And we understand that it’s the right thing to do.

Where to start? Here, right in our neighborhood. We decided to focus on our partnerships with local schools, supporting students and teachers, introducing Educational Scholarships, Teachers’ Aid Program and The Millionaire’s Club Program for middle schools and high schools.

Thanks to an introduction from the Financial Empowerment Center, we connected with Cora L. Rice Elementary School, a Title I School located just 10 minutes away from our Lanham headquarters.

There was an instant click with the school. The idea was simple. Why not start the foundation’s re-launch with an action? We wanted to share with kids our first financial literacy lesson. Thankfully, FedChoice FCU has some extraordinary staff members, who deeply care about local communities. For Jenny Creavalle and Marcia Lynch from the Credit Union’s Business Development team, it was a role that they passionately embraced. It was helpful that Jenny had previous educational experience. Marcia and Jenny got to work and developed a financial education lesson series, The Power of Savings, Budgeting and Investments, targeted at third-graders.

The Board was engaged too, discussing how to get kids excited about saving. The idea of distributing piggy banks with $2 bills inside was unanimously supported.

On April 20th, we relaunched our Foundation together with our future members, third-graders who were eager to learn their first FedChoice lesson on financial literacy – The Power of Savings. Jenny led classes for three groups of students at their school, and their participation was simply outstanding.

“The Price is Right” game drove more excitement than “Jeopardy!” and “Wheel of Fortune” altogether. They laughed and screamed, learning and comparing their price estimates for a McDonald’s lunch and a t-shirt, basketball and a new Camaro. Kids also marveled at $2 bills and enjoyed their “Trouble with Money” book, along with a blue translucent piggy bank that had their first investment inside.

After the April class, Michelle Hibbert, Cora L. Rice ES Community Liaison, shared with us that students were still talking about the event, especially about saving money in their piggy banks. “The extensive vocabulary being used and the thinking that occurred last Thursday – priceless! I firmly believe with the FedChoice Charitable Foundation team – the BEST is yet to come!”

“FedChoice left their financial mark as students are still conversing about the event.  For example, a few students spoke about money they are putting in their piggy banks.  Another couldn’t believe he is going to be rich with the $2 bill (he also said, he will share his earnings with me) and yet others asked when you will visit with the next lesson.” – Michelle Hibbert, Cora L. Rice ES Community Liaison

A two-dollar bill!

A two-dollar bill!

And more did come! On May 24th, Marcia and Jenny met with the parents and families of students, sharing how to open accounts and the importance of role modeling financial literacy. Some chose to open new accounts with the credit union, and all were supportive of what their children are learning.

This year’s program finished the school year strong with the June 2nd visit to FedChoice Headquarters. We are excited to work with these same students again next year, and to welcome a new cohort of third-graders into the program in the fall! And we’ve also signed an agreement to work with the G. James Gholson Middle School, where these students will eventually study, to launch a Millionaire’s Club to deepen their financial literacy.

Money is serious business

Money is serious business.

Dr. Mickelli Dunn, Principal at Cora L. Rice Elementary School noted, “We at Cora L. Rice are grateful for this partnership with FedChoice Charitable Foundation and the lasting impact that will continue to happen for our students and their families.”

Related Posts

The FedChoice Charitable Foundation Celebrates One Year of Empowering Education
The FedChoice Charitable Foundation Celebrates One Year of Empowering Education

On April 23, the FedChoice Charitable Foundation (FCF) and the FedChoice Credit Union team visited Cora L. Rice Elementary School…

The FedChoice Charitable Foundation and the National Organization of Blacks In Government
The FedChoice Charitable Foundation and the National Organization of Blacks In Government

The FedChoice Charitable Foundation is thrilled to announce that it is expanding its partnership with the Blacks in Government, Inc.…

FedChoice Charitable Foundation Takes Part in Foundations on the Hill Forum
FedChoice Charitable Foundation Takes Part in Foundations on the Hill Forum

On Tuesday, February 27, Andrey Gidaspov, Executive Director, FedChoice Charitable Foundation, joined Danista Hunte, Maryland Philanthropy...

Interview with Justin Holtz, CFP, Managing Director, District Financial Advisors (DFA)
Interview with Justin Holtz, CFP, Managing Director, District Financial Advisors (DFA)

I grew up in the mountains near Altoona in Central Pennsylvania and attended Penn State University (PSU) to study finance.…

Twenty Three MD and DC Teachers TAP Into Grant Money from FedChoice Charitable Foundation
Twenty Three MD and DC Teachers TAP Into Grant Money from FedChoice Charitable Foundation

On Tuesday, January 30, the FedChoice Charitable Foundation hosted winners of its Fall 2023 Grant Cycle Teachers’ Aid Program (TAP)…

The Power of E3 Comes to School Without Walls in DC
The Power of E3 Comes to School Without Walls in DC

On January 10, Andrey Gidaspov, Executive Director of the FedChoice Charitable Foundation joined a group of students at the School…

FedChoice Charitable Foundation Empowers K-12 Teachers with New Grants
FedChoice Charitable Foundation Empowers K-12 Teachers with New Grants

We are thrilled to announce that the FedChoice Charitable Foundation’s Board has approved 23 grants for K-12 teachers from the…

FedChoice Gives Quarterly Newsletter is Out!
FedChoice Gives Quarterly Newsletter is Out!

Exciting news! FedChoice Charitable Foundation’s quarterly newsletter is now available! https://lnkd.in/eVdZK2yP

Thanksgiving Message from the FedChoice Charitable Foundation
Thanksgiving Message from the FedChoice Charitable Foundation

On this Thanksgiving Day, we would like to express our deepest gratitude to you for your support of the FedChoice Charitable…

Our First School Hygiene Drive Brought Much Needed Supplies to Local Schools
Our First School Hygiene Drive Brought Much Needed Supplies to Local Schools

Did you know that many children living in underserved areas can’t afford common personal hygiene products? This makes them an…

FedChoice Charitable Foundation Partners with Fairmont Heights High School
FedChoice Charitable Foundation Partners with Fairmont Heights High School

Andrey Gidaspov, FCF Executive Director and Leigh Philibosian, Director at the Credit Union Foundation of Maryland and DC, had a…

FedChoice Charitable Foundation Visits Parkdale High School and High Point High School
FedChoice Charitable Foundation Visits Parkdale High School and High Point High School

We're so grateful to Stephan Matthews, MSL, Regional Council President of Blacks In Government Region XI Council, Dr. Michael Caruso,…

FedChoice FCU Volunteers Share their Knowledge at School Without Walls at Francis Stevens
FedChoice FCU Volunteers Share their Knowledge at School Without Walls at Francis Stevens

Giving Tuesday is not just about giving money, it is also about sharing your time and volunteering. We are so…

Giving Tuesday
Giving Tuesday

Today is Giving Tuesday, a special global day of giving when millions of people around the world come together for…

Thank You to Our Giving Tuesday Donors and Supporters!
Thank You to Our Giving Tuesday Donors and Supporters!

We are so grateful to our numerous donors, supporters and volunteers who donated and helped us share our message this…

The Second Issue of Our Quarterly Newsletter is Out!
The Second Issue of Our Quarterly Newsletter is Out!

The second issue of FedChoice Gives, FedChoice Charitable Foundation's quarterly newsletter

The FedChoice Charitable Foundation Takes Part in the Blacks in Government (BIG) National Training Institute
The FedChoice Charitable Foundation Takes Part in the Blacks in Government (BIG) National Training Institute

FedChoice Charitable Foundation (FCF) took part in the Blacks in Government (BIG) National Training Institute in National Harbor

FedChoice Charitable Foundation Receives Financial Literacy Grant
FedChoice Charitable Foundation Receives Financial Literacy Grant

The FedChoice Charitable Foundation (FCF) is committed to making a positive impact in local underserved communities.

FedChoice Charitable Foundation Sponsors Blacks In Government (BIG) DC Chapter’s Community
FedChoice Charitable Foundation Sponsors Blacks In Government (BIG) DC Chapter’s Community

The FedChoice Charitable Foundation is thrilled to announce that it is expanding its partnership with the Blacks in Government Chapter

FedChoice Charitable Foundation Announces Winners of 2023 Educational Scholarship Program
FedChoice Charitable Foundation Announces Winners of 2023 Educational Scholarship Program

FedChoice Charitable Foundation is delighted to announce the winners of its inaugural Educational Scholarship Program

FedChoice Charitable Foundation Announces Winners of its Teachers’ Aid Program (TAP) Awards
FedChoice Charitable Foundation Announces Winners of its Teachers’ Aid Program (TAP) Awards

The FedChoice Charitable Foundation is helping teachers TAP into funds to support classroom programs and student development

Message from the Chair
Message from the Chair

It was only about a year ago when a decision was made to reinvent the Foundation

Interview with Evelyn Sayikanmi, FedChoice Operations Specialist
Interview with Evelyn Sayikanmi, FedChoice Operations Specialist

Sometimes life comes full circle. A few days before the big FedChoice Headquarters visit by Cora L. Rice ES students

FedChoice Charitable Foundation Builds Strong Partnerships with BIG and FLAG
FedChoice Charitable Foundation Builds Strong Partnerships with BIG and FLAG

At FedChoice Charitable Foundation, we are focused on creating mutually beneficial partnerships

Will you support our community programs?
Will you support our community programs?

The FedChoice Charitable Foundation strongly believes in making a difference in the lives

We Appreciate our Generous Sponsors and Donors: Over $18,000 Raised in Our First Vendor Campaign!
We Appreciate our Generous Sponsors and Donors: Over $18,000 Raised in Our First Vendor Campaign!

We are extremely grateful to each of our corporate sponsors and individual supporters for your participation

Bringing Financial Literacy Where It’s Most Needed
Bringing Financial Literacy Where It’s Most Needed

The Foundation’s Board of Directors was unanimous in their decision to make a strong commitment

“FedChoice, I Love You!” – How 77 Third-Grade Students Changed Our Lives
“FedChoice, I Love You!” – How 77 Third-Grade Students Changed Our Lives

At 9:30 am on Friday, June 2, Michelle Hibbert, Community Liaison at Cora L. Rice Elementary School in Landover

Over 75 Elementary School Students Take Part in a Special Tour of FedChoice Federal Credit Union
Over 75 Elementary School Students Take Part in a Special Tour of FedChoice Federal Credit Union

On Friday, June 2, FedChoice Federal Credit Union hosted over 75 third-grade students and teachers from Cora L. Rice Elementary…

The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.