League receives Stephen L. Jackstadt Award from HCEE

on "October 11, 2016 11:59 am"

Hawaii Credit Union League (HCUL) was honored on Saturday, October 8 at the Hawaii Council on Economic Education (HCEE) 51st Annual Dinner. The Stephen L. Jackstadt Award was presented to HCUL in recognition of outstanding and sustained support of economics, financial literacy and/or financial education in the State of Hawaii. The award is named after a former HCEE director who contributed greatly to economic literacy in Hawaii.

HCUL is the leading advocate for its member credit unions and instrumental in guiding, educating, and representing credit unions in the public and legislative arena. HCUL is also a leader in promoting financial literacy through its Family Involvement Committee (FIC). HCUL supports seven initiatives to assist Hawaii’s children, retirees, and public in financial education:

  1. Volunteer Income Tax Assistance provides free tax filings for qualified individuals and help receiving the Earned Income Tax Credit in partnership with HACBED and the IRS;
  2. Homeownership Workshops to educate and provide counseling for present and future homeowners through the Hawaii Home Ownership Center;
  3. LifeSmarts Program, a gameshow style competition that develops consumer and marketplace skills (including consumer rights, personal finance, health and safety, technology, and the environment) for Hawaii’s middle and high school students via the State of Hawaii Department of Commerce and Consumer Affairs;
  4. Kids Savings Project helps children from low income families start the saving habits early in life by providing seed money to open a savings account through the Family & Consumer Services Department at the College of Tropical and Human Resources at the University of Hawaii at Manoa;
  5. Showdown at Cash Canyon, a live theatrical performance program geared for students in elementary school to learn about consumer attitudes, behavior about money, and to encourage saving through the Hawaii State Public Library System.
  6. Financial Reality Fairs are a fun, hands-on activity for students and young adults to learn about managing personal finances. Community members and credit union staff assist students in making decisions about everyday expenses and provide financial advice to help them keep a budget. They approach the fair as if they had graduated from college, and have nothing—no car, no residence, no cell phone, etc. At the start of the fair, they are provided with a future life scenario that includes a starting salary of a position in the career of their choice.
  7. Economic and Financial Literacy Education for K-12 students to develop critical thinking and STEM-related skills through support of the State of Hawaii Economics Challenge where high school students learn about micro, macro, and international economics as well as current events. In addition, the Hawaii Stock Market Simulation to help students in grades 3 through 12 learn about budgeting, saving, investing, risk management, and the free market system though the Hawaii Council on Economic Education.

Mahalo to credit unions and initiative partners for joining HCUL President Dennis Tanimoto, HCUL Vice Chairman and FIC Chairman Cheryl Marzo, and HCUL FIC Liaison Kathy Morris at the annual dinner:

  • Ashford & Wriston, LLP
  • Hawaii FCU
  • Hawaii First FCU
  • Hawaii State FCU
  • HawaiiUSA FCU
  • Hawaii Community FCU
  • Hickam FCU
  • Kekaha FCU
  • Matanuska Valley FCU
  • Pearl Hawaii FCU
  • Financial Reality Foundation