Rantoul, IL., March 20, 2014 — Credit Union 1 and Community Plus Federal CreditUnion, members of the John L Kelly Chapter of Credit Unions, recently joined forces with Eater Jr. High School to teach students how to be successful in the real world via participation in Mad City Money &trade, a two-hour financial reality simulation event.
Mad City Money™is a program by the Jump$tart Coalition Clearinghouse that gives youth a taste of the real world complete with occupation, salary, spouse, student loan debt, credit card debt, and medical insurance payments. Mad City Money allows participants to make mistakes and suffer the consequences of their decisions in a realistic, but safe, environment.
A total of 128 eighth graders participated. During the simulation, students were assigned a profession and learned how to manage their finances via visiting various booths from purchasing a home and car; and budgeting simple daily errands such groceries, clothing and daycare; as well as experiencing unexpected surprises along the way from the “Fickle Finger of Fate”.
Volunteers from the two credit unions in Rantoul participated along with individuals from several local community organizations who donated their time, including: Rantoul Area Chamber of Commerce, Village of Rantoul, Rantoul Township High School Future Business Leaders of America, Ana Bell Huling Day Care, First Bank and Trust of Rantoul, and Lincoln’s Challenge Academy.