From VitalWiki

[edit] The Virtual Credit Union on the Teen Grid of Second Life

• Project partners: Filene Research Institute, the VITAL Lab at Ohio University

• SLURL (Location of the Credit Union island on the Second Life Teen Grid): http://slurl.com/secondlife/Credit%20Union/89/116/24/

• Project overview
• Credit Union Financial Education Game
• Credit Union People
• Credit Union Game Instructions

• Related Articles
  • New York Times: http://bits.blogs.nytimes.com/2007/10/10/free-the-avatars/index.html?hp

• Video
  • http://www.youtube.com/watch?v=Twxq-wSQgOI (initial video)
  • http://www.youtube.com/watch?v=RECLk_-_rNI (A video on how the game is played)
  • http://www.youtube.com/watch?v=CSmwVMtj4g8 (a shorter High quality video of the island and game. Choose the “watch In high Quality” to see a clearer picture)

• Financial Literacy Education standards
  • Indiana http://doe.state.in.us/octe/facs/IndianaFinLitEd-MiddleSchStandards.html
  • Ohio http://www.ode.state.oh.us/GD/Templates/Pages/ODE/ODEDetail.aspx?page=3&TopicRelationID=308&ContentID=40028&Content=48528
  • NEFE: http://www.nefe.org/HighSchoolProgram/tabid/146/Default.aspx
  • Some reading material for financial literacy
    • Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! (Paperback)by Robert T. Kiyosaki (Author), Sharon L. Lechter (Author) "I had two fathers, a rich one and a poor one..." (2000)
    • The Financially Intelligent Parent: 8 Steps to Raising Successful, Generous, Responsible Children by Ph.D. Eileen Gallo and J.D. Jon Gallo (Audio CD - 2005)
    • Silver Spoon Kids: How Successful Parents Raise Responsible Children by Ph.D. Eileen Gallo and J.D. Jon Gallo (Audio CD - 2005)
    • Financial Literacy for Teens (Paperback)by Chad Foster (Author)
• The Ohio Core – Personal Finance Requirements

1. Explain why incomes will differ in the labor market depending on supply and demand for skills, abilities and education levels.
2. Explain the role of individuals in the economy as producers, consumers, savers, workers and investors.
3. Explain the consequences of the economic choices made by individuals and the tools which they use to manage their financial resources including:
   1. Budgets;
   2. Savings;
   3. Investments;
   4. Credit;
4. Philanthropy.
5. Describe how interest rates affect savers and borrowers.