Tag Archives: Kansas Credit Union Association

Meet the Participants

“I need to pay down loans.”
“We want to save for retirement.”
” It’s hard to control my spending.”

Sound familiar? These are the challenges facing our three Money Possible families, and the issues affecting millions of Americans who want to take control of their finances.

Each family has agreed to tell their story, and show that getting control of their money isn’t hard, it just takes dedication and a little self-control (of course, self-control is a whole other problem for us Americans…evident by our super-size nation…and we’re not just talking about food!)

Meet the participants
RaquelRaquel
Raquel is married and a mother of two young children.

In her 30s, her goal is to pay down payday loans, and learn to save.

Lisa & BryanLisa and Bryan
In their 40s, Lisa and Bryan want to save for retirement.

They have three older children. They need to learn to say “no” and live within their means.

FredicaFredica
A divorced mother of four in her 50s, Fredica wants to control impulse spending.

She always wants to save enough to buy a house.

Follow these Wichita area credit union members’ stories here, and every Tuesday on KAKE-TV’s (Channel 10, ABC) 4 p.m. newscast. Follow the hashtag #moneypossible.

Let’s face it…with Americans $11 trillion in debt and struggling with saving money, many of you can probably benefit from following them and learning from their successes and their challenges.

Who hasn’t had loans to pay back? Who doesn’t need to save a little (or a lot) more for retirement? And who isn’t plagued by the temptations at the grocery store?  By following Raquel, Fredica and Lisa and Bryan, they will show us that we can do it. We can destroy our debt.

This program highlights the need for consumer financial education, as well as the value of credit unions as strong financial partners. The campaign aims to give consumers tips and explain that there are resources available to those who need extra help.

Introducing Money Possible: Destroy Debt campaign

In an effort to increase consumer’s awareness of personal financial literacy, Wichita area credit unions are partnering with the Kansas Credit Union Association to launch a consumer financial literacy campaign, Money Possible: Destroy Debt.

How it works:
The Money Possible campaign will follow several credit union members/families as they work to destroy debt in their household. The participant(s) will receive weekly counseling from the
Consumer Credit Counseling Service as they learn valuable money management skills and increase their personal financial literacy.

These families will share their stories via social media, here on the MoneyPossible.org blog, as well as on select media outlets.

No confidential information will be shared.

Who are the individual(s)/ families participating in the Money Possible campaign?
Any member of a Wichita area credit unions can apply to participate in this program. The participants will be chosen by the Kansas Credit Union Association. Ideal candidates should be willing to share their financial story publicly, and be able to participate in a 16-week financial literacy program.

When does the campaign start?
The participants will begin the program in mid-February. The program will end in mid-June. Segments on KAKE-TV will begin airing in early March.

When do I have to sign up?
DEADLINE to sign up is December 20, 2013. Selected participants will be notified by mid-January. Visit your local credit union for an application form.

What is the purpose of the Money Possible campaign?
As of August 2013, Americans are $11 trillion in debt.

-Average household credit card debt: $15,112
-Average household mortgage debt: $146,215
-Average household student loan debt: $31,240

Credit unions exist to help their members find financial success. The Money Possible campaign increases awareness of personal financial literacy and the role credit unions play in consumer’s financial health.

Follow along on twitter: #moneypossible. For more information, contact the Kansas Credit union Association, (800) 362-2076.

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