Events/Ceremonies / General / Weekend News

Credit Unions hold financial literacy competition

By Alexis R. Milan, Staff Reporter

The Belize Credit Unions League held its Belize district school quiz competition at the Holy Redeemer parish hall on Friday morning as part of its effort to advocate financial literacy awareness in schools to help youths understand the importance of financial wisdom.

Coreen Robinson Fuller, Belize Credit Union League executive director said the quiz competition is an elimination competition where six primary schools compete answering questions based on the history of the credit union movement in Belize and specific credit unions in their particular district.

She explained that this is the first year the event has been organized and the competitions have already been held in other districts and will culminate with the winners from each district competing in a national event.

According to Fuller, the significance of the competition is to instill financial discipline in the youth from earlier ages because often times even adults are not financially literate and spend recklessly without budgeting or saving for the future. The idea is to encourage children to manage money wisely while rewarding them for their success.

Ten students representing the Holy Redeemer, Ebeneezer, St. John’s Vianney, Queen Square, St. Joseph, All Saints and St. Ignatius primary schools competed in the event. The winning school won a laptop, printer, flash-drive and $1,000 cash, while the school in second place received a heavy duty HP printer and $750 cash while the third placing school received two heavy duty fans and $500 cash.

First prize winner, Giann Ramclam from Holy Redeemer won a Samsung Galaxy Tab 4. The second and third prize winners received an Android tablet and music player respectively. Holy Redeemer and St. Joseph took home the second and third prizes.

Coleman said the League intends for this to be a national event from here on. All the prizes were donated by the Holy Redeemer Credit Union and each student who participated in the competition was gifted a $100 credit union account.

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