Travis Credit Union Offers 9th Annual Free Young Adult Financial Boot Camp Updated Live Budgeting SimulationJune 15 2018
“A lack of basic financial knowledge contributes to the uphill battle many youth face when entering adulthood,” says Barry Nelson, President and CEO of Travis Credit Union. “Through our ‘Awesome Cause’ of financial education, financial literacy, and financial advocacy, we strive to be a part of the solution for our members and the communities we serve.”
Travis Credit Union aims to reach 1,000 young adults this year through financial education efforts. That is why it invested in revamping its Mad City Money Young Adult Financial Boot Camp for 2018! Here are some updates:
• Interactive, app-based learning
• 50 Amazon Kindle Fires for any attendee to use
• Hosted Wi-Fi
• A fresh look and logo
These eco-friendly and tech-focused improvements are the perfect compliments to today’s generation and its love of mobile banking.
At Mad City Money, participants leap forward into the shoes of adulthood, experiencing today’s fast paced society with all the obligations that will come their way! From a pushy car salesperson, to a commission-based realtor, to a credit union for financial services, attendees must decipher between their wants and needs, all while attempting to stay on an assigned budget. And if this were not enough, the fickle Finger of Fate is always on the lookout, ready to remind attendees how life can happen at the most inconvenient times.
Thanks to this whirlwind of reality, overspending is a common theme, as highlighted by the reflections of one young adult: “If I choose to purchase an expensive car and a house, I end up struggling to provide for basic needs like food and clothing.” Our goal for the program is for attendees to make financial mistakes with us, before they make them in the real world.
By learning about budgeting, savings, debt, and the importance of credit worthiness, young adults are able to achieve long-term financial health. Through an informal study, Travis Credit Union discovered every $1 invested in Mad City Money creates $52 of value in the communities it serves. This is due to the central realization attendees leave with: “One way or another, my choices with money will impact my life.”
Mad City Money is scheduled for Monday, June 18th, from 12:30 p.m. to 4:30 p.m. in Travis Credit Union’s Lieutenant General John. F. Gonge Community Room, 1 Travis Way, Vacaville, CA 95687. If you wish to register an attendee, or are interested in volunteering as a sales merchant, please visit www.traviscu.org/mcm.
Refreshments, prizes and a drawing for an Apple Watch will be provided at all Mad City Moneys open to the community.
Headquartered in Vacaville, California, Travis Credit Union is a not-for-profit cooperative financial institution serving those who live or work in Alameda, Colusa, Contra Costa, Merced Napa, Placer, Sacramento, San Joaquin, Solano, Sonoma, Stanislaus, and Yolo Counties. Currently, it is the 14th largest credit union in California with more than 203,000 members and more than $3 billion in assets. As one of the leading financial institutions in Solano, Contra Costa, Napa, Yolo, and Merced Counties, Travis Credit Union’s strength lies in its faithful commitment to its members and the community, its solid, secure history, and its long-standing track record of dedicated service.