Treasurer Sprague Announces June 2022 Compass Award Honorees
COLUMBUS – Ohio Treasurer Robert Sprague has announced Compass Award honorees for the month of June. The monthly recognition program commends organizations, programs, and individuals across the state who are working to guide Ohioans toward financial literacy education and empowerment.
“Financial literacy is more than just a subject taught in the classroom – it’s an important life skill to navigate everyday challenges and prepare for a successful future,” said Sprague. “The Compass Awards allow us to recognize the organizations and institutions across Ohio who are helping our residents to secure a strong financial footing at all stages of life.”
Compass Award honorees for June include:
Faith Community United Credit Union (Cuyahoga County)
Celebrating their 70th anniversary this year, Faith Community United Credit Union is one of Ohio’s oldest minority founded and managed credit unions. The organization provides a variety of helpful online resources for people of all ages, including interactive tools to help people plan for their future. The credit union also provides direct programming to youth that teaches them a variety of personal finance topics. The educators use several real-world scenarios to help students better understand financial concepts and wise decision-making.
University of Dayton (Montgomery County)
The University of Dayton (UD) offers individualized attention to students related to covering costs of attendance. Undergraduate students are given fixed cost tuition plans, without hidden fees and surprises, establishing expectations and providing guidance for managing academic and life costs within a budget. Since implementing the plans, borrowing has decreased by more than 22% and four-year graduation rates have increased 8%.
Additionally, in partnership with Sinclair Community College, the institution created the UD Sinclair Academy program to empower students with unique financial choices to lower costs within their personal budgets. Students can complete coursework at Sinclair Community College and still access UD advising, facilities, and services.
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Robert Sprague became Ohio’s 49th Treasurer of State on January 14, 2019, bringing to the office his extensive experience working on financial matters in both the public and private sectors. Under Treasurer Sprague’s direction, the office manages the state’s $39 billion investment and $11 billion debt portfolios, collects and deposits all state revenues, and oversees custodial assets.