Franklin Mint Federal Credit Union Teaches Delco Teens About Personal Finance

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Mariam Sharobeem, Valerie Cheney, and Ahad Rafi of Franklin Mint Federal Credit Union
From left: Mariam Sharobeem, Valerie Cheney, and Ahad Rafi of Franklin Mint Federal Credit Union. Photo courtesy of Charles Fox, Philadelphia Inquirer.

Some of the best learning in the world takes place on the job, and that’s why Franklin Mint Federal Credit Union has nine financial literacy centers in high schools throughout Delaware County.

“It’s really a helpful introduction to personal finance,” Strath Haven High School student Valerie Cheney said in a Philadelphia Inquirer report by Erin Arvedlund. “You learn about the differences between checking, saving, and not spending more than you have.”

She and fellow Franklin Mint co-workers first opened credit union accounts to pay for Netflix, save for college, get paychecks directly deposited, or do some online shopping with a debit card.

“It wasn’t intimidating like a bank, and they paid me to work,” Mariam Sharobeem of Springfield High School said. “I have a lot of self-confidence and independence, and have my own money.”

The Franklin Mint strategy has not only fostered financial literacy but career interest too. Upper Darby’s Ahad Rafi plans to major in finance and engineering at Drexel University after working for the credit union.

Read more about Franklin Mint’s on-campus financial literacy centers in the Philadelphia Inquirer here.

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