Each One Teach One
Each One Teach One is an approach to providing valuable and basic financial knowledge, to the community, by volunteer staff from participating financial institutions, without ties to any products or services, with the sole goal of empowering individuals to make the right financial decisions for themselves and their families. Credit Union staff are trained as Each One Teach One coaches and conduct workshops in their communities.
What aspects of financial literacy are included in Each One Teach One?
Topics include taxation and tax filing, contracts, and developing a credit history. Other sessions cover basic banking and budgeting, and understanding the credit bureau, loans, credit cards & prepaid cards, seniors financial abuse prevention and fraud prevention.
How Does Each One Teach One benefit my community?
There are obvious benefits to providing financial literacy basics to 3members of our communities. The positive effects of improved financial literacy include:
✓ Increased hopefulness and orientation towards the future
✓ Reduced stress
✓ Increased self-reliance
✓ Enhanced social capital
✓ Enhanced inclusion or sense of belonging
✓ Reduced risks associated with key financial choices and life events