Missouri Valley Federal Credit Union is working with national financial literacy program Banzai to make financial education available to schools in St. Charles County for free.
Banzai—an interactive, web-based program supplemented by printed workbooks that meet state requirements for personal finance education. In 2010, the Institute for Financial Literacy awarded Banzai for its programs, which are available to more than 10,000 schools in all 50 states.
“Kids get their own accounts, and they work through assignments that are based on real life,” Morgan Vandagriff, the co-founder of Banzai, said. “But because Missouri is sponsoring it, local schools get it for free. More than ever, it’s important that kids develop sound financial skills to prepare them for the real world, and Missouri Valley realizes that and they’re doing something about it.”
Students who use the program are presented with real-life scenarios where they learn money management skills. Program participants also have to manage unexpected expenses, such as parking tickets, interest charges and overdraft fees, and the program introduces students to auto loans, bank statements, entertainment costs and savings.
“Too often students get out of school, and they just aren’t ready for the financial rollercoasters life can give us,” Vandagriff said. “Banzai teaches students to navigate those twists and turns and come out on top. We’re excited to work with Missouri Valley to improve financial literacy in St. Charles County.”