PCU Promotes Financial Literacy

PCU Promotes Financial Literacy with MN Dept of Commerce

OAKDALE, Minn. – Financial Literacy Month is well underway. To celebrate, Postal Credit Union (PCU) invited Minnesota Department of Commerce Commissioner Mike Rothman to tour its student credit union branch Thursday at Tartan High School and observe peer-to-peer financial education in action. The Woodbury-based credit union hosted a grand opening for its student-run branch in February and is using it as a tool to aid in financial education efforts at the Oakdale high school. Student workers at the in-school branch led sessions in classrooms throughout the day Thursday, teaching their fellow students about financial topics and money management. Commissioner Rothman attended afternoon classes and spoke with students about the importance of youth savings and financial education.

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Right - Dept. of Commerce Commissioner Mike Rothman (left) talks with students at Tartan High School during a Financial Literacy Month event featuring education sessions led by student workers Marc Buchmayer (center) and Kelsie Ferstl (right). Buchmayer and Ferstl help run Postal Credit Union’s in-school student branch.

Left - PCU Managment, Tartan Deca Students and teacher, Commissioner Mike Rothman, and representatives from the MN Credit Union Network trade association gather in PCU's Tartan Student Branch to celebrate Financial Literacy Month!

See more photos on PCU's Facebook page


“Financial literacy can mean the difference between getting ahead and falling victim to the pitfalls associated with poor use of credit,” said Rothman. “Opening a savings account at a financial institution can provide fundamental skills, as well as teaching proper budgeting and setting short-term and long-term goals.”

Also as part of Financial Literacy Month, the Department of Commerce is coordinating several events in the coming weeks, including its third annual Financial Literacy Roundtable in St. Paul. This event brings together approximately 200 groups from nonprofits, local governments, private enterprises and financial institutions to share ideas on financial education efforts. The Minnesota Credit Union Network and Minnesota Credit Union Foundation are regular attendees, along with credit union representative from around the state.

The PCU event and the Financial Literacy Roundtable are two of nearly 40 outreach and education events across Minnesota scheduled by the Commerce Department throughout April. These events are intended to raise awareness of the need for consumers to have the skills to make well-informed financial decisions at all life’s stages. The Department of Commerce’s events this month target four categories: youth, higher education, families and seniors.

PCU is also participating in the National Youth Savings Challenge as a part of National Credit Union Youth Week. The Tartan PCU Student Credit Union is joining hundreds of other credit unions across the country to teach youth the benefits of saving. PCU will be giving $100 to a lucky student who opens an account or makes a deposit during the month of April.

“PCU’s event during Financial Literacy Month and participation in the Savings Challenge serve as opportunities to build strong relationships with young credit union members in the community – and their families – by reinforcing the value of financial education and the benefits of credit union membership. Our goal is to help youth start smart money management habits, while creating member loyalty,” said Alisha Johnson, PCU’s Senior Vice President – Marketing, Sales and Service.

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PCU Collects Coats for Kids

Postal Credit Union of Minnesota Still Accepting Coats for Kids Donations Through October 14th

September 30, 2012

With the official start of the Salvation Army Coats for Kids Drive about to begin, Postal Credit Union of Minnesota (PCU) is reminding members, staff and the community there is still time to donate a new or gently used coat to help Twin Cities children this winter. The drive will be held October 1 – 14.

A warm coat on a cold day makes a big difference, which is why PCU and the PCU Community Foundation have partnered with the Salvation Army’s Coats for Kids project for several years. This year, to allow ample time for donations, PCU placed collection barrels in all 5 locations in early 2012. PCU employees took the opportunity to get creative, and came up with some eye-catching barrel designs. The annual Salvation Army coat drive is held in October, prior to the start of the cold weather season, to ensure kids have adequate outerwear to keep them warm. Last year PCU collected 53 coats and donated $1,000 through the PCU Community Foundation to purchase 60 more.

For 26 years, Coats for Kids has provided coats for Twin Cities’ children. More than 285,000 coats and winter accessories have been distributed to Twin Cities’ children through Coats for Kids since the program began.

“Minnesota winters can be harsh, and a warm coat becomes a necessity,” commented PCU President Russ Plunkett. “The thought of a child going without proper winter attire is unacceptable, so we are happy to take an active role in helping to prevent this through the Coats for Kids drive.”

The mission of the PCU Community Foundation is to strengthen the quality of life within our communities by supporting local initiatives at a variety of levels, including early childhood development, financial literacy programs, local food shelves and food programs, veteran’s organizations, affordable housing programs and more. Donations to the foundation are tax-deductible and funds received are reinvested into the community. Learn more about how you can help these worthy causes through PCU Community Foundation.

Founded in 1926, PCU is a member owned financial institution that specializes in providing excellent member service, great rates and convenience. PCU offers a complete range of services, including 24/7 loan approval, mortgages, online banking, online deposits, checking, business services, investment services and more. PCU is proud to serve Anoka, Chisago, Dakota, Hennepin, Ramsey and Washington counties, with office locations in Eagan, Hugo, North St. Paul, West St. Paul and Woodbury.