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JDECU helps teach students financial literacy

Posted on Monday, August 13, 2012 at 12:55 pm

Jack Daniel Employees’ Credit Union recently provided financial education material to Moore County High School’s Mrs. Catherine Millsaps for use in her Personal Finance Class.  Personal Finance is now a required class for all MCHS sophomore students.  In past years, Jack Daniel Employees’ Credit Union provided these materials for use in Mrs. Millsap’s Life Connections class.

The materials are prepared as a part of The Financial Literacy Project from Internal Training Services, LLC.  The materials include 85 copies of Your Personal Guide to Loans and Credit and 85 copies of Your Checking Account.

Your Personal Guide to Loans and Credit is a valuable resource for students and adults alike. Topics include a self-evaluation of credit worthiness, how to establish and maintain good credit, understanding loan principles, evaluating loan needs, setting up a monthly budget, the importance of keeping good financial records, amortizing a loan and the step-by-step process of applying for a loan. Important tips are provided for the proper and safe use of credit cards.

Your Checking Account is designed to teach the skills necessary to maintain a checking account.  Students first learn about checking account basics and then actually write checks, make deposits and reconcile their accounts using the forms provided.

“The credit union is excited to help in the financial education of our local youth.  We are proud to partner with Mrs. Millsaps to help her provide practical material to help the students begin their financial future with the knowledge needed to succeed,” said JDECU Manager Pam Case.