Allegacy Helps Students Learn About Personal Finances

 

Allegacy Federal Credit Union is helping local high school students with developmental disabilities learn about personal finance.

On May 16, the Center for Smart Financial Choices (CFSFC) will have its first class for 26 students with developmental disabilities. As part of the class, the students will open checking/savings accounts.

Allegacy recently established the Center, a nonprofit organization, to provide educational courses designed to give people basic financial knowledge and to encourage good financial habits. The Center will offer a variety of classes for the public on such topics as financing a college education, palling for retirement and understanding insurance.

“The ultimate goal of CFSFC is to assist people with making smart financial choices by encouraging financial responsibility and helping establish healthy personal finance habits,” said Ike Keener, Allegacy’s President and CEO. “While it’s important to accumulate a sufficient nest egg, it’s necessary to learn how to protect and grow it for financial security in the future. We also want to focus our attention on the younger generation by teaching financial literacy and the basics of money management early in life.”

The center is located in the Allegacy headquarters at 1691 Westbrook Plaza Drive.