South Carolina high schools are receiving over $100,000 in aid from SAFE Federal Credit Union to address financial literacy.
SAFE Federal Credit Union committed the funds to underwrite a state-of-the-art personal finance program for high schools throughout the South Carolina Midlands. So far, 47 public and private high schools have opted for the program, which will benefit as many as 37,100 students. Additional schools are being encouraged to participate as well.
The initiative aligns with the recent provision in South Carolina’s state budget requiring high school seniors to earn a one-half credit in financial literacy before receiving a high school diploma. The new requirement takes effect for the graduating class of 2027.
“In so many things in life, education is the answer. And, for personal money management, education cannot start early enough,” said president and CEO, Michael Baker. “As word of our no-cost solution spreads, we look forward to welcoming many more schools and putting many more students on a positive path with lifelong benefits.”
Developed by education technology provider, Stukent, the personal finance course provides effective, real-life learning experiences through finance simulations. Once successfully completed, the course provides students with a full credit unit.
"Today, we recognized the importance of financial literacy for the students of South Carolina and celebrated SAFE Federal Credit Union's impact in bringing personal financial curriculum into our classrooms," said Lieutenant Governor Pamela S. Evette. "This initiative will make a real-life difference in our student's lives by ensuring they are prepared to have a successful financial future."
“This free, financial literacy course is just one of many investments SAFE has made to help support the staff and students of Richland Two during our decade long partnership,” added Richland School District Two Superintendent Kim D. Moore. “We’re looking forward to the profound, positive impact this will have for our graduates for many years to come.”
SAFE is making the financial literacy program available at no cost to all public and private high schools in Sumter, Lee, Kershaw, Clarendon, Florence, Richland and Lexington Counties. The schools currently enrolled began personal finance instruction with the spring semester in January.
About SAFE Federal Credit Union
SAFE Federal Credit Union, founded in 1955, is one of the largest financial institutions based in South Carolina with over $1.8 billion in assets, 140,000+ members, and 19 branches. Membership is open to anyone who lives, works, worships, or attends school in Sumter, Lee, Kershaw, Clarendon, Florence and parts of Richland and Lexington counties. Membership is also open to employees of more than 400 companies located throughout the Midlands and relatives of those eligible to join. Connect with us at www.SAFEfed.org, on Facebook.com/SAFEfederalcreditunion or @SAFEFCU.
