For over 50 years, La Capitol Federal Credit Union has worked hard to provide financial education to help individuals meet their financial goals. A Credit Union initiative is to create opportunities for people to learn more about handling their finances. LaCap offers free financial education to benefit churches, schools, clubs, and businesses in Natchitoches Parish.

LaCap’s Financial Education Program Coordinator, Krystle Johnson, works as a member service officer in Natchitoches. She coordinates LaCap branch employees that participate in the program to go into the community to spread financial knowledge when groups see a need to benefit its members.

“I enjoy educating people so they know what to look for when dealing with their finances,” said Johnson.

LaCap works with any group, employer, school or club to customize the topic of instruction to fit their needs. For example, high school students learn about the basic information they need to know once they graduate and move on to college or find a job in the workforce. Workshop topics can include saving money, handling checking accounts, lending basics, understanding credit scores, and more.

Contact Krystle Johnson at 318-357-3103 (ext 3408) to customize and schedule a financial education workshop for your group today.

Tip for the day:
The Criteria for Credit-The Three C’s

Expect lenders to review the three Cs to evaluate whether you qualify for a loan — capacity, capital, and character.
• Capacity refers to your ability to meet your payment obligations. Lenders assess whether you have a sufficient source of ongoing revenue to pay your current bills and other debts plus meet the additional financial obligation related to the loan you seek.
• Capital refers to your savings and other assets that may be used as collateral for a loan.
• Character refers to your demonstrated behavior, specifically how good your history is of having paid bills or debts on time. The lender’s primary source of information in this regard is your credit report.

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