Financial Fitness @ College
Personal Finance 101
There’s more to understanding money than distinguishing between debits and credits. This workshop focuses on a relationship with money. Upon completion of this workshop, students have fundamental knowledge of budgeting, acquiring student loans, establishing credit, saving and checking accounts, debit/check cards, and best practices for avoiding transaction fees. As a result, students are better able to choose a financial institution that meets their needs.
Budgeting is the cornerstone of money management. This workshop introduces techniques to help form responsible fiscal habits. Students learn about allocating resources, differentiating between wants and needs, setting short and long term financial goals, and managing personal credit.
Credit scores are established when we begin to participate in the economy, whether through earning, spending, or borrowing. This workshop is designed to help students understand the components of credit and how to establish and keep it good. They learn how to read credit reports and scores, how credit cards work, the true cost of credit, and the advantages and disadvantages of bad credit.
Identity can be stolen without the victim knowing it! Knowledge is the best armor in this ever-growing criminal activity. Upon completion of this workshop, students have the tools needed to protect their personal information. They know when and where most information is stolen, how thieves use it, and what to do if they become a victim of identity theft.
Financial Fitness @ Work
Adult Financial Literacy Courses and Workplace Seminars
Financial Fitness @ Work is a series of workshops on relevant topics such as Identity Theft, The Mortgage Lending Process, and Using Credit Wisely. FMFCU subject matter experts advance the mission of Partners in Education by providing workshops and seminars at no charge to members and partner groups in casual settings.
As a contract between an individual and an insurance company, annuities are a means of creating retirement income, but they can also be used to create a legacy. This workshop covers qualified and non-qualified annuities, variable vs. fixed annuities, benefit options and riders, and immediate annuities. Benefits such as tax-deferred growth, guaranteed income for life, professionally managed investment choices, and beneficiary protection is also discussed.
Budgeting is the cornerstone of wealth management. In this workshop, participants will evaluate their financial fitness based on expenses, savings, and discretionary spending. This hands-on course emphasizes a balanced approach to managing finances.
This course provides an understanding of what credit is, how it’s established, and how to avoid damaging it. Participants will leave with a better understanding of credit reports and scores and the factors that affect them, as well as how credit scores impact interest rates on loans.
Paying for college requires careful planning. Topics covered in this seminar include FAFSA, Estimated Family Contribution (EFC), Cost of Attendance (COA), and tuition vs. inflation. Participants will learn how financial awards are determined, the four pillars of the college funding model, how the financial aid formula is structured, and federal loan options.
Identity theft continues to be one of the fastest growing crimes in the United States and has been ranked as one of the top consumer concerns. This seminar is designed to provide tips for protecting against identity theft. Participants will learn when and where most information is stolen, how personal information is used, and what to do in the event they become victims of identity theft.
It’s Personal—Money 101
As a foundational workshop, Money 101 introduces participants to the credit union philosophy, the various savings and checking account options, and tips for effectively managing money. The “pay yourself first” concept emphasizes the importance of budgeting and long-term saving. Participants will develop a better understanding of debt, taxes, and how to “keep it all in check.”
The Mortgage Process
Real estate purchases can be overwhelming. This course outlines the basic components of the mortgage lending process. Participants will have a better understanding of common terminology, how the condition of the economy impacts the mortgage market, the difference between conventional and FHA loans, the importance of credit scoring and its effect on loan costs, the pre-approval process, adjustable vs. fixed rate loans, required documents, and acceptable funding sources. Participants are also introduced to the benefit of CU Realty.
To better understand retirement planning strategies, participants are taught how to calculate retirement accumulation goals, detect potential retirement shortfalls, and set retirement savings goals. In the process, they’ll learn about types of asset classes, risk tolerance, and investment tool. After completing this workshop, participants will be ready to launch their retirement plans.
Your Relationship with Money
Financial security has a direct influence on our overall well-being, which is why it is imperative that we become financially fit. This workshop serves as an introduction into adaptable money management concepts, including goal setting, recognizing roadblocks, and various resources for wealth management.