Building Montana’s Financial Literacy

When it comes to building a bright financial future, nothing is more empowering than financial knowledge. At Clearwater Credit Union, we’re committed to empowering all Montanans with the knowledge needed to build lifelong financial strength and resiliency. 

A National Endowment for Financial Education study found that nearly 7 out of 10 young adults struggle with personal financial management after high school. Additionally, the Financial Industry Regulatory Authority (FINRA) found that if a student graduates high school with a working knowledge of saving, spending, budgeting, and credit, they’re empowered to make better financial decisions later in life.

Until recently, Montana public schools did not require financial literacy classes for graduation. As a result, not all Montanans have had the opportunity to learn fundamental money management techniques that empower them to take control of their financial future and make decisions in their own best interest. 

Clearwater has been and continues to be dedicated to changing that. 

Through Clearwater’s website, anyone can access financial insights and advice on a wide range of financial topics. Additionally, in-person education classes, hosted by local Clearwater team members in partnership with local organizations, help community members advance their financial knowledge.

“With each hour-long class, participants can ask questions and create a relationship with a financial leader whom they can reach out to any time,” stated Cheri Lawrence, Director of Retail Branches.

Miranda Schmid, Downtown Missoula Branch Manager, added, “Financial literacy has been a gap in education curriculum for years. As a result, many young adults who graduated high school now struggle as adults to take control of their money. I’m so proud and grateful for the opportunity to play a part in filling that gap.”