Brazosport Teachers Federal Credit Union Hosts First Ever Reality Fair at Brazoswood High School
As part of Brazosport Teachers FCU’s commitment and long-term strategy to prioritize financial education in the community, they partnered with local Brazoswood High School to host the first ever Reality Fair in the BISD school district on March 6, 2018.
Students are challenged to make sound financial decisions by learning about budgeting vs. spending in a simulated real-world setting. “It really is amazing to see the light bulb go off and the look on a student’s face when they realize the reality of managing personal finances. This is a real-world, hands-on approach that many of these students are being exposed to for the very first time,” stated Donna Butterfras, CEO. By creating personal budgets and allocating dollars for commodities like food, housing, utilities, etc. students begin to shape intelligent thought processes and develop a sound understanding of managing money that can be built upon in future years. After visiting all the stations, students take a final spin on the “Wheel of Reality” and learn how unexpected life events can impact a budget.
With the help of the staff and volunteers from the League, over 100 high school students rotated through the high school gym in participation of the event. BTFCU looks to host at least 2 of these
events per year and employ the help of more volunteers. In conjunction with the NEFE (National Endowment for Financial Education) program, students who successfully complete the classroom course and participate in the Reality Fair are eligible to join the credit union. Once the credit union captures the member, it continues to build on the education process by teaching the importance of establishing good credit and more. The end game is to build loyal relationships and strong community ties that progress into adulthood.
BTFCU’s long-term plan is to bridge the gap between being just another financial institution by prioritizing financial education in the community. After all, it is a core component of the “credit union difference” and significant to growth in a small, yet growing community.
About Brazosport Teachers Federal Credit Union (BTFCU)
BTFCU was originally chartered in 1947 to serve the financial needs of the Brazosport Independent School District employees. Today, the credit union is $40M in assets and services over 3,500 members consisting of the employees and family members of Brazosport ISD, Angleton ISD, and Brazosport College. For more information, please visit: www.btfcu.net. The credit union thrives by fulfilling its Vision Statement of “SMILE” (Serving Members Inspires Lasting Excitement!)