Harrisburg, PA (January 25, 2019) - On January 30, students at the Harrisburg Campus of HACC, Central Pennsylvania's Community College, will participate in a hands-on financial management and personal budgeting Financial Reality Fair. Sponsored by the state's largest credit union, PSECU, the free financial education event will be held in the lobby of the Bruce E. Cooper Student Center from 10:30 a.m. to 1 p.m.
"At PSECU, we're proud of the work we do to help educate and prepare students for a strong financial future. A major component of those efforts is our Financial Education Center presence on 24 college and university campuses around Pennsylvania - the very first of which was founded at HACC in 2000," said PSECU President Greg Smith. "We've always found HACC to be an excellent partner in offering high quality, useful financial education and skill-building opportunities to students, and we look forward to working with them again to provide real-life budget simulation through the upcoming Financial Reality Fair."
With the help of volunteers from PSECU and HACC, the Financial Reality Fair is designed to be a highly interactive experience for student participants. Students receive a budgeting worksheet with salary information based on intended career and level of education. Students then visit a series of booths to learn about and make choices pertaining to living expenses, from entertainment to insurance. To end the activity with a balanced budget, students are encouraged to revisit each booth as many times as needed.
"HACC realizes the importance of financial education to ensure that our students make wise decisions regarding their financial future. We encourage all students at HACC's Harrisburg Campus to plan to attend this fair to gain insight into their personal budgeting plans," said Noah Roufos-Abbey, campus vice president.
PSECU last hosted a Financial Reality Fair at the Harrisburg Campus of HACC in September 2017. A total of 212 students took part in the event. Of those participants, 160 were surveyed about their experience. They were asked about skills they acquired, thoroughness and clarity of information provided, and likelihood of event recommendation to peers. The survey results were overwhelmingly positive with each question receiving an average score of 4.6 or higher out of a maximum score of 5.
"For students to realize their full potential after graduation, it is important that they have a solid understanding of the financial environment they'll be entering, and that's just what a Financial Reality Fair provides," said Mike Verotsky, Director of University Development for PSECU and proud HACC alum. "Following credit unions' ‘people helping people' philosophy, we at PSECU are proud to have the opportunity to sponsor the Financial Reality Fair and help impart that education to Pennsylvania's students."
When registering for the Financial Reality Fair, each HACC student will also be provided with a giveaway toolkit of resources and financial education materials to help them as they continue working toward financial success.
Opened in 1934, PSECU was founded by 22 ordinary people who made an extraordinary commitment to each other: To create a financial institution where pooled resources benefit all members. Today, we are a full-service credit union serving more than 450,000 members and have over $5 billion in assets. As a not-for-profit financial institution, our goal remains to help our members and their families achieve a better life. For more information about PSECU, visit psecu.com. View our Community Report Card to learn how we contribute to the greater good.
HACC, Central Pennsylvania's Community College, is the first and largest of Pennsylvania's 14 community colleges. HACC offers approximately 100 career and transfer associate degree, certificate and diploma programs to approximately 19,000 students. Also, the College serves students at its Gettysburg, Harrisburg, Lancaster, Lebanon and York campuses; through virtual learning; and via workforce development and continuing education training. For more information on how HACC is uniquely YOURS, visit hacc.edu. Also, follow us on Twitter (@HACC_info), follow us on Instagram (@HACC_edu), like us on Facebook (facebook.com/HACC64) and use #HACCNews.