Hemet Youngsters Take A ‘Bite of Reality’

Posted on March 18, 2013
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Altura Helps Introduce Students to Real-World Money Challenges

(Riverside, Calif.) March 18, 2013 - More than 75 students from Dartmouth Middle School in Hemet recently took a "Bite of Reality,” and learned the basics of finances courtesy of several Inland Empire credit unions, including Altura.

At the March 7 event, the students were assigned a fictional occupation, salary, spouse and family, student loan debt, credit card debt, and medical insurance payments. They then visited various table-top stations to “purchase” housing, transportation, food, clothing, household necessities, day care, and other services. In addition, there was a “credit union” to help with financial needs. They also faced some unexpected expenses and windfalls.

The event was hosted by the Tri-County Chapter of the California and Nevada Credit Union Leagues whose Chapter Board Chairperson is Altura Credit Union Vice President of Sales and Business Development Tina Covington.

“At Altura, we have long provided different forms of financial education,” Covington said. “It was nice to provide a program that offers a hands-on approach. The choices the students made were interesting. Many said they didn’t realize how much a car costs or how expensive it is to have a family.”

Dawn Wales, compliance specialist with SchoolsFirst Federal Credit Union and Tri-County Chapter board treasurer, added “This is a great program where kids are taught to make a budget and be aware of the choices they make when spending money. It was wonderful to see the kids have fun while learning.”

Bite of Reality is a hands-on simulation program offered by the Richard Myles Johnson Foundation of the California and Nevada Credit Union League along with the California and Nevada Youth Involvement Network, which provides financial education to young people in the two states.

The event featured volunteers from Altura Credit Union, Wescom Credit Union (Pasadena), 1st Valley Credit Union (San Bernardino), Inland Valley Federal Credit Union (Fontana), La Loma Federal Credit Union (Loma Linda), and SchoolsFirst Federal Credit Union (Santa Ana).

PHOTO CAPTION:

Jessica Roseli, seated, a teacher at Dartmouth Middle School in Hemet, helps a group of students purchase child care during the Bite of Reality financial education event held March 7, and hosted by various Inland Empire area credit unions, including Altura Credit Union.

Altura is very proud of its 56 years of service to Members in the Inland Empire. Today Altura is open to anyone who lives, works, attends school or worships in Riverside and San Diego counties, as well as selected cities in Orange and San Bernardino counties. Altura Credit Union, www.alturacu.com, has been recognized with the California Award for Performance Excellence (CAPE), the state’s equivalent of the Malcolm Baldrige National Quality Award. Today, Altura Credit Union serves nearly 94,000 members and has $655.3 million in total assets. For more information on Altura, visit our website, www.alturacu.com, or call 1-888-883-7228.

About the California and Nevada Credit Union Leagues: With headquarters in Ontario, Calif., the California and Nevada Credit Union Leagues are the trade association representing the interest of more than 400 credit unions in California and Nevada, and their 10 million members. For more information, go to www.ccul.org.