Michigan Business Beat | Shelia Scott, LAFCU, Financial Literacy, Graduation, Upcoming Teacher Grant

Chris Holman welcomes back Shelia Scott, Community Financial Education & Business Development Officer, West Lansing Branch, LAFCU Headquarters. Welcome back, Sheila. Remind us about April being Financial Literacy Month? You recently wrapped up an 8-month class with a graduation. Tell us about that? $2500 is to be awarded to teachers soon. Tell us about that? Congratulations, LAFCU, for winning the statewide innovation award for tackling financial instability at its roots? » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN’s YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/ LAFCU to award $2,500 in grants to Michigan teachers Five $500 grants to support classroom needs; applications now open LANSING, Mich. — LAFCU is once again accepting applications for its Teachers Grant Contest, providing financial support to educators across Michigan to help enhance their classrooms and student learning experiences. The credit union will award five $500 grants, totaling $2,500, to Michigan teachers. The funds are intended to help cover the cost of classroom supplies, resources and other educational needs—reducing the out-of-pocket expenses many educators face. Michigan pre-K through 12th-grade teachers are encouraged to apply online at www.lafcu.com/teachersgrant through May 15. Applicants will be asked to briefly describe how the grant funds would benefit their classroom and students. Applicants do not need to be LAFCU members but must be legal residents of Michigan and actively teaching during the 2026-2027 school year. “Teachers consistently go above and beyond for their students, often purchasing supplies with their own money,” said Shelia Scott, LAFCU community financial education and business development officer. “Grants like this one help ease that burden by providing extra support for classroom tools and resources that enhance learning and student engagement.” Up to two grants may be awarded per school building. For more information or to apply, visit www.lafcu.com/teachersgrant. LAFCU also supports education through its Innovation for Education (LIFE) Grant, which awards $10,000 to one Michigan school annually for a project that enhances learning, creativity and student well-being. Schools have until May 1 to apply for the LIFE Grant here: www.lafcu.com/life. About LAFCU Founded in 1936, LAFCU (pronounced laugh-cue) is a not-for-profit, member-owned credit union open to all who live, work, worship or attend school in Michigan, and to Michigan businesses. LAFCU serves more than 74,000 members and holds over $1 billion in assets. With a particular focus on serving people of modest means, LAFCU is committed to enhancing its members' financial well-being and creating long-lasting positive change across generations. Awarded the prestigious Dora Maxwell Social Responsibility Community Service Award, LAFCU is known for its people-helping-people mission, which has led to award-winning financial literacy programs for all ages. A three-time honoree as a national ‘Best Credit Union to Work For,’ LAFCU has also been recognized as a Best Place to Work for Women and an Inclusive Workplace and is recognized globally for its diversity, equity, and inclusion initiatives. Learn more at www.lafcu.com. # # #