SAN DIEGO — Mission Federal Credit Unionannounced that it has donated $1 million in support of a financial literacy program designed for San Diego high school students.
The literacy program - entitled Junior Achievement of San Diego County's Mission Fed JA Finance Park program — involves the re-development of the Junior Achievement curriculum through the use of tablets and mobile apps to prepare "tech-savvy Millennials" for financial success.
The $2.6 billion credit union said the digital curriculum and custom software will enable high school students to engage in "real-world" financial activities, such as online banking and paying bills via tablets, while being introduced to concepts like insurance, credit and long-term investments.
"One of the ways Mission Fed gives back to the community is through our commitment to financial education," said Angie Lasagna, vice president of community relations for Mission Fed, in a statement. "High schools aren't always able to offer the types of economics courses that help students learn to budget their money. That is where Mission Fed JA Finance Park can play a key role. We want to do our part to help high school students gain the skills they'll need to manage their money and reach their goals as confident, successful members of the community, and we hope to do this for Mission Fed JA Finance Park in perpetuity."
In addition, the curriculum simulates real-world scenarios where students choose a San Diego job and know their salary, marital status, number of children and their FICO score. Then they shop in the 19 businesses in the Park, making choices on how to budget and live within their means.
"We are so honored that Mission Federal Credit Union has come forward as our naming sponsor for this remarkable program," said Joanne Pastula, President and CEO of Junior Achievement of San Diego County, in a statement. "Mission Fed has once again shown its passion for community involvement with its ongoing support of Junior Achievement and by becoming the cornerstone of JA Finance Park. Students who enroll in this program will build a foundation for making intelligent, lifelong personal-finance decisions."
Mission Fed's donation to the Junior Achievement program coincides with National Credit Union Youth Month.