Help up Celebration National Credit Union Youth Month!
April 1, 2018 – April 30, 2018
In April 2018, TELCOE FEDERAL CREDIT UNION is celebrating Youth Month, which is a program that helps teach and encourage kids to develop good financial habits. Every member under the age of 18 who makes a deposit during the month of April will receive an abundance of benefits.
A 2017 national survey found that almost 60% of Americans have less than $1,000 in savings, and almost 40% had none.
So, if it’s hard for adults, how do you teach your children to save? By turning it into a habit. Studies show that habits formed when you are young tend to stick. It’s why you still brush your teeth every day – we hope!
The theme this year is “The Science of Saving,” showcasing fun, sci-fi-inspired characters. Science has proven that if you start with small goals, saving your money can become a regular habit. This year’s Youth Month inspires children to begin saving the money they earn so they can attain their dreams of a happy future.
The science in the theme is not science fiction – research shows that when you picture yourself in the future achieving a goal, like buying a car or going to college, saving for it becomes easier.
Start small. Help them save for a toy they want. Then sign them up for a youth savings account where they save for far-off goals.
As your credit union, we want to help you teach your children to learn good financial habits. Together we can help them blast-off toward a bright and wondrous future.
*APY= Annual Percentage Yield. YOUTH certificates are good from April 1-April 28, 2017 for Telcoe YOUTH accounts (ages 0-18 maximum). The minimum Certificate deposit is $500 and the maximum of $5,000 per youth membership.
**Waived membership fee when the new youth account is kept active by automatic deposit of at least $1 per month from family member's direct deposit or account.