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Deadline to report Saving Challenge results extended
MADISON, Wis. (5/6/10)--The Credit Union National Association (CUNA) has extended the deadline for credit unions to report their savings data for the National Youth Saving Challenge to May 11. The original deadline was Wednesday. The extension was granted due to a technical difficulty that prevented some credit unions from reporting their results. The results will be available next week, along with the names of 10 youth who deposited money during the challenge and were randomly selected in a drawing by CUNA. Each will receive $100, said Lin Standke, CUNA Youth Week manager. The challenge is offered in conjunction with National Credit Union Youth Week, which took place April 18-24. This year’s theme was, “Get in the Savings Game.” The challenge encourages the habit of saving money at an early age. Last year, nearly 140,000 young members deposited $26.5 million into their saving accounts during the challenge--more than double the amount deposited in 2008. A total of 10,006 new accounts were opened. For more information, use the links.
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