North Peace Savings and Credit Union Invests $15,000 in Financial Literacy

(Pictured above (L to R) are: Mitchel Chilcott, CEO North Peace Savings and Credit Union: Jean McFadden, Executive Director Fort St. John Literacy Society; Paul McAfee, Vice President, Service North Peace Savings and Credit Union)

Fort St. John, Oct. 29, 2012 

Fort St. John and Hudson’s Hope residents will have a special opportunity to improve their financial literacy this November, thanks to a financial literacy course made possible by a $15,000 donation from North Peace Savings and Credit Union (NPSCU) to the Fort St. John Literacy Society. The course is being offered for free, and was developed by the Canadian Centre for Financial Literacy. It will also be offered in Fort Nelson in the Spring.

While NPSCU invests in the community through a variety of causes, this one struck a special chord. “Our members entrust us with their savings and financial health every day,” says NPSCU CEO Mitchel Chilcott. “This donation is a way of investing in the financial health, stability and prosperity of our communities. It lines right up with our mission to encourage the success and well-being of our member-owners, staff and community.”

Fort St. John Literary Society Executive Director Jean McFadden sees a special need for the program. “Money is a huge part of our lives, but many still need to learn the basics of how to manage it. We can see that in the fact that consumer debt is at an all-time high in Canada. Financial literacy empowers people to not only avoid pitfalls like overwhelming debt, but reach their goals and dreams. We are so grateful to North Peace Savings and Credit Union for the $15,000 gift that is making this program possible.”

The two-day program invites participants to work through key issues such as budgeting, taxes, working with financial institutions, credit and debt management. Participants will gain a better understanding of both personal financial management and the broader financial context in which we live.

Chilcott and McFadden will be on hand at a cheque presentation ceremony on October 30th at 2:30pm, at the Literacy Society office at 10142 101 Ave, Fort St. John.

The program will be offered in Fort St. John in two parts, on November 17th and 24th, 9am-5pm, at the literacy society office at 10142 101 Avenue (Execuplace), and in Hudson’s Hope in two parts, on November 10th and 17th, 9am-5pm, in the Pearkes Centre (10801 Dudley). Lunch will be provided in both locations. Pre-registration is required before November 12th for Fort St. John, and before November 5th for Hudson’s Hope, and can be arranged by emailing or calling 250-785-2110.

North Peace Savings and Credit Union is a full-service financial organization offering banking,commercial, investment and insurance products. Located in Northeast British Columbia, North Peace Savings has proudly served the north for 65 years and is committed to the social, economic and environmental well-being of the communities in which it operates. NPSCU has four branches, a financial planning office, over 11,000 members and was recently recognized for the 3rd consecutive year as the People’s Choice winner of “Best Financial Institution”.

The Fort St. John Literacy Society is a non-profit organization which has been dedicated to promoting literacy for all individuals and groups throughout Fort St. John and the local region since 1990.