Lake Trust Credit Union Launches Educator Scholarship Program to Energize Classrooms

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Awards deliver training dollars to boost teacher financial education skills

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Financial literacy is a key life skill. It’s about having the knowledge and skills to make informed choices and wise financial decisions.

Lake Trust Credit Union, Michigan’s fourth largest credit union, kicked off its “Lake Trust Professional Development Award Program” in August as part of its commitment to supporting financial education and college access efforts in Michigan schools.

“We’ve all seen school funding in Michigan continue to dwindle over the past several years. For many teachers and counselors, attending professional development seminars and conferences are now a luxury many school districts just can’t afford,” said Nicole Piche, Student Services Outreach Specialist for Lake Trust. “We’re very happy to support our educators through this new Professional Development Award program.”

Lake Trust’s Professional Development Award Program is open to all Middle School/High School Business Teachers, K-12 School Counselors, and Family and Consumer Science Educators within Lake Trust's 35-county service area which stretches across the state from lake to lake. The award program was designed to be a resource for today's educators assisting them in providing students with knowledge on financial matters - the best foundation for building their long-term financial wellbeing.

Surveys show seminars focusing on financial education development provide an opportunity for teachers to “stand back” from the immediacy of teaching and obtain needed consumer and financial literacy techniques. Techniques that help educators provide students with the skills to manage their finances effectively. A recent New York Times article reported that, while more states are beginning to require some sort of personal finance instruction, there aren’t enough that do, financial literacy experts say, and there is little consistency in the quality of the education.

The Lake Trust Professional Development Award Program offers:

  •     Total of 10 awards granted for each school year, based on availability
  •     Up to $150 per educator/per school to be applied towards expenses such as travel, registration fees, and substitute teacher pay.

Membership is not mandatory to apply.

“Financial literacy is a key life skill. It’s about having the knowledge and skills to make informed choices and wise financial decisions. Lake Trust recognized a need to supplement valuable staff development and training opportunities for our Michigan educators. The program just evolved,” said Piche.

Visit the Lake Trust Professional Development Award Program for further details and to apply.

Lake Trust Credit Union, as Michigan’s fourth largest credit union and headquartered in Lansing, stretches from Lake Michigan to Lake Ontario and Lake Erie. More than $1.6 billion in assets and 21 branches strong, Lake Trust provides its almost 158,000 members best-in-class products and offers individualized, trust-based member service. Membership is open to anyone within its 35-county service area. Learn more about Lake Trust Credit Union at laketrust.org.

Contact:
Linda Fliehman
517.267.7172
Cell: 517.803.0170
lfliehman(at)laketrust(dot)org

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