Credit Union News

Jr. Duel Allows Students to Face Off in Financial Arena

LIVE OAK, Texas – T-shirts in exchange for credit cards with astronomical interest rates. All-night fast food restaurants and no curfews. A million ways to spend money, but far less than a million dollars available to spend. This bleak financial situation is what most teens face when they graduate high school and make their place in the real world. However, several San Antonio companies and professionals are teaming up for the second year in a row to provide financial literacy resources and prepare local students to face the post- graduation world.

The San Antonio CPA Society, Randolph-Brooks Federal Credit Union (RBFCU), and the Financial Planning Association are once again collaborating to host the Jr. Duel in Ol' San Antonio personal finance contest. More than 250 students from 11 local high schools participated in the preliminary phases of the Jr. Duel program. Teams from Business Careers, Clark, Clemens, Jay, O'Connor and Stevens high schools will advance to the February 27 finals at Northwest Vista College's Cypress Campus Center from 8:30 a.m. to 1 p.m.

During the finals, students have the opportunity to display their knowledge of goal setting, budgeting, investing, debt, insurance and career planning before a panel of local judges. The program, which was developed using resources from the National Endowment for Financial Education, is part of a greater initiative to help students prepare for being financially independent.

"With the financial uncertainties of the past year, the students I teach are more eager than ever to learn to manage their money properly," said Elda Olvera, RBFCU Senior Financial Education Specialist. Olvera and her colleagues share financial education resources with hundreds of South Central Texas students each year.

The Jr. Duel in Old San Antonio program was adapted from the University of Arizona's popular "Duel in the Desert" collegiate competition, in which students analyze case studies and present them to the business community.