One of the partners of Richmond County School System’s Reaching Potential Through Manufacturing program has received a grant to help educate students about credit and their finances, among other things.
Peach State Federal Credit Union received a $22,250 grant to assist with the program. The credit union hosts monthly financial literacy classes for the 99 RPM students, according to Grace Helms, Peach State’s Regional Business Executive for the Augusta area. Classes include information on how to properly obtain credit and how to read a pay stub, skills Helms said were very minimal among the students.
RPM began in 2016 as a partnership between Richmond County schools and Textron Specialized Vehicles to give high school students on-the-job training at the facility. Students participate in four-hour work shifts at Textron, for which they are paid and remain enrolled in school.
“This generous grant will enhance and increase the impact we are able to make on these students and their futures,” Peach State Chief Administrative Officer, Demitra Houlis said.
The grant, which was funded by the National Credit Union Administra-tion’s Community Develop-ment Revolving Loan Fund, will allow Peach State to expand the program for students and provide classes for their parents after work hours. Students will now be able to meet three times per month and learn more skills including how to give a 30-second elevator speech, writing a life plan, how to dress for work and establishing a work ethic.
“It’s our goal to cultivate parents and students to become self-sustaining members of their community,” Helms said.