Legislature Honors NJ Credit Union Foundation on 100th Financial Reality Fair

The New Jersey Legislature adopted a Joint Legislative Resolution commemorating the New Jersey Credit Union Foundation (Foundation) on its 100 Financial Reality Fair. The Resolution was sponsored by Sen. Nellie Pou (D-35) and Asm. John McKeon (D-27), the chairs of their respective chamber’s committee with jurisdiction over financial services-related matters.

IMG 6993Assembly Speaker Craig Coughlin (D-19) presented the Resolution to NJCUL President/CEO David Frankil and Vice President of Corporate and Government Affairs Chris Abeel at a Monday evening event at the home of Carol Katz, the League’s contract lobbyist. 

The Resolution notes that on Wednesday, March 20, 2019, the Foundation in conjunction with the NJ Credit Union League and its member credit unions, hosted its 100th Financial Reality Fair since the program’s inception in 2010 and that the program has provided hands-on financial literacy training to more than 15,600 high school and college students across the state.

It highlights how Financial Reality Fairs are a fun, experiential way for students to learn about managing personal finances and afford a unique opportunity for each student to experience some of the financial challenges they will face when they start life on their own and provides a foundation for sound financial decision making.

New Jersey schools are required to provide high school students with personal finance lessons and Financial Reality Fairs are a way for credit unions to help schools fulfill this requirement, and at no cost to the schools.