Graduates of the 2013 Principles & Philosophy Conference. The fourth-annual conference is one
of two projects developed by the volunteer network of Credit Union Development Educators in the Carolinas.
In early 2010, the League brought together a group of 30
Credit Union Development Educators (CUDEs) from North & South Carolina and asked
them two simple questions:
- Would you like to work together as a group in
order to enhance cooperation among credit unions?
- What do you think the group should do
collectively to enhance cooperation?
About five hours and 50 sticky notes later, the Carolinas
CUDE Network was born! Of all the ideas suggested on that January day, one in
particular seemed to resonate with the group: creating a conference event that
would educate credit union staff about the history as well as the Principles
& Philosophy of credit unions.
The group went to work and the first-ever Principles &
Philosophy Conference took place in November 2010. Thirty credit union staff,
ranging from young tellers to veteran CEOs, attended the two day
conference event at the Graylyn Conference Center.
In the years since, this conference has continued to grow in
terms of attendance and prominence, with the last two conferences sold out.
Development Educators in other states are in the process of replicating this
conference as well. You can read more about this conference by going to the
Principles & Philosophy Conference page in this section.
By early 2011, the CUDE group assessed new opportunities to
enhance collaboration. Of all the opportunities to accomplish this goal, the
group felt that bringing credit unions in the Carolinas together to provide a
memorable financial education experience for young people made a lot of
Of course, there are a lot of different financial
simulations already available on the marketplace. However, the group felt that
creating a new experiential learning experience for use by credit unions in the
Carolinas could accomplish two important goals:
- Provide a free start-to-finish guide that
credit unions with limited resources could utilize.
- Create a uniformly-branded platform that credit
unions could use throughout both states, thus raising the overall visibility
and profile of credit unions in the Carolinas with students, parents, teachers,
the media and other community stakeholders.
After careful research and work by the CUDE group, the
Reality of Money was developed in 2013. The Reality of Money is an interactive
financial simulation for middle and high school aged students.
Students participating in the simulation are given the
profile of a wage earning, bill paying, financially responsible young adult.
Each student then moves through a series of stations where they make decisions
about how to spend their money on housing, transportation, groceries and other
essential items based on their income.
The Reality of Money is now available for credit unions to
use free-of-charge. Credit unions with limited resources and staffing are
encouraged to partner with other local credit unions. If you would like more
information about the Reality of Money and how you can get involved, please go
to the Reality of Money page in this section.