MCEE’s Community Mentorship program strengthens financial literacy education throughout Minnesota

YMCA Students at US Bank

Since 2005, we have offered our Community Mentorship Program to strengthen the ability of community agencies in Minnesota to create their own personal finance education programs for their clientele. In partnership with the University of Minnesota Extension, we have worked with agencies like Merrick Community Services, Hubbs Center and College Possible.

The program is having a real impact on its participants in improving their personal finances and gaining a wide knowledge of economic practices. One participant within the program said that after participating in a new agency program, “I will work with my mom to set up savings accounts for my sisters and brothers.”

The YMCA Twin Cities Achievers was one of our partners this past year. With this partnership we were able to help them provide financial literacy education at all of their St. Paul sites. Students from Leap High School and Avalon School spent this fall learning about budgeting, using credit cards, and paying for college. The experience culminated in a visit to US Bank where students were able to ask questions about personal finance and the inner workings of the bank. The students learned a great deal through this rare experience!

Last year we had a great time working with agencies in St. Paul and the Owatonna area, and this year we are looking forward to new opportunities working with ones in St. Cloud! The Community Mentorship Program exemplifies how we continue to work toward our mission to provide Minnesotans with financial and economic understanding.

A special thanks to our Community Mentorship Program funders – the Otto Bremer Foundation and Allianz! Their support helps make this fantastic program possible.