Tennessee Valley Federal Credit Union is pleased to announce a new partnership with UTC’s Financial Wellness Center. The mission of the UTC Financial Wellness Center is to equip students with knowledge, tools and techniques that will increase their overall financial literacy, capability, satisfaction and wellness. This aligns perfectly with TVFCU’s desire to help prepare students to be good stewards of their finances.
“The Financial Wellness Center is excited to be partnering with TVFCU and the possibilities that are available through this partnership,” said Bill Parker, Program Manager of the Financial Wellness Center for UTC. Bill directs the program which is one of the very few in the country with a full-time position dedicated specifically to Financial Wellness. The Financial Wellness Center offers money management events, workshops, guest lectures and one-on-one financial counseling to students of the University of Tennessee at Chattanooga. In addition, these programs assist area high schools with FAFSA assistance and helping students and parents prepare for college. The Wellness Center uses Peer Financial Coaches for the purpose of working with college and high school students in the area of budgeting, paying for college and college readiness. According to Jeff Rector, Assistant Director for Client Services, Training, and Outreach “Collaborating with other organizations is crucial in providing this service to UTC students and the community.”
“Studies have shown that spending and savings habits formed between the ages of 18 and 25 years old can determine future financial lifestyles,” said Blake Strickland, TVFCU President and CEO. “So, it only makes sense that Tennessee Valley Federal Credit Union would like to offer assistance to UTC and Hamilton County Department of Education, in educating our young people about money management and the wise use of financial services, especially credit cards.”