Students from South Wales will be on the red carpet at the Wales Millennium Centre for the launch of a new website with a series of films about credit unions that they star in.
‘CU@theCU’ is a new learning resource, for young people, about credit unions. Pupils from Dyffryn School in Neath Port Talbot helped design the resource with their local credit union, to help other students understand what they are. The students had successfully set up their own collection point in school in February 2009.
Pupils from the school acted in the short films during their school holidays. Welsh language scenes were filmed at Ysgol Gyfun Maes Yr Yrfa in Cross Hands.
The Dyffryn pupils first started a credit union as a way to gain experience for the ‘team enterprise’ element of their Welsh Baccalaureate GCSE course.
Social Justice Minister and Local Government Minister Dr Brian Gibbons said: “We need to educate our young people how to make sound financial decisions throughout their lives. Credit Unions can teach them how to save and spend money wisely and how to use financial services responsibly. This toolkit will foster much needed links between schools and credit unions across Wales, demonstrate what can be achieved by co-operative working and also help youngsters play a part in their communities.
“I am very pleased that the Assembly Government has been able to support this project as part of our One Wales commitment to ensure access to a credit union for every secondary school in Wales by 2011.”
The website www.cuinschools.org was developed by Tinopolis in Llanelli for the Wales Co-operative Centre, which is managing the project to encourage links between secondary schools and credit unions.
Saver and collection point volunteer at Dyffryn School Rachel age 16, says: “Saving in our own little bank is great, we don’t have to rely on our parents for money. Being part of this has really helped my confidence.”
A credit union is a member-owned saving and loans co-operative, run by its members. There are 29 credit unions in Wales with most offering Junior Savers Accounts to under-16’s.