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Fin lit month helps youth get a savings focus
MADISON, Wis. (4/14/10)--Credit unions are helping youth to focus on savings during National Financial Literacy Month with a variety of youth savings activities. They also are gearing up for National Credit Union Youth Week April 19-24.
Click to view larger image (From left) John Williams, Allegacy vice president of Community and Governmental Affairs, State Superintendent of Public Instruction June Atkinson, and North Carolina State Treasurer Janet Cowell visited Allegacy FCU’s student-run credit union in Winston Salem to celebrate Financial Literacy for Youth Month in the state. With them is Belinda Wilson, Allegacy director of student run credit union programs and student credit union employees. (Photo provided by Allegacy FCU)
Pennsylvania Newsmakers focused on April as Financial Education Month during a recent broadcast. From left are Dr. Terry Madonna, host; Mary Rosenkrans, director of the Pennsylvania Office of Financial Education; and Mike Wishnow, senior vice president of communications and marketing at the Pennsylvania Credit Union Association. (Photo provided by the Pennsylvania Credit Union Association)
North Carolina Governor Beverly Perdue proclaimed this month as Financial Literacy for Youth Month. To celebrate, State Treasurer Janet Cowell and State Superintendent of Public Instruction June Atkinson visited Allegacy FCU’s student-run credit union in Winston Salem to discuss with student employees what they learned from the program. Allegacy has four student-run credit unions in the area. “This experience taught me responsibility, how to save and manage my money, and the importance of establishing and maintaining good credit,” student K’shawn Sutton told the state representatives. In Pennsylvania, a recent financial education segment of Pennsylvania Newsmakers focused on April as Financial Education Month. During the taping, Mary Rosenkrans, director of the Pennsylvania Office of Financial Education, and Mike Wishnow, senior vice president of communications and marketing at the Pennsylvania Credit Union Association, discussed the need for more financial education in schools with host Dr. Terry Madonna (Life is a Highway April 7). California Gov. Arnold Schwarzenegger and Pennsylvania Gov. Ed Rendell also declared April as Financial Literacy Month for each state (Life is a Highway April 8). As a part of Financial Education Month, credit unions nationwide are preparing for Youth Week, sponsored by the Credit Union National Association, and the National Youth Saving Challenge. This year’s Youth Week theme is “Get in the Savings Game.”
* Great Lakes CU, North Chicago, Ill., is celebrating Youth Week by inviting young members to open new accounts and make deposits throughout the week. The credit union also will host a 3 Point Shoot Out for Charity, and a “Mad City Money” budget simulation for teens. * Ticonderoga (N.Y.) FCU will celebrate Youth Week with several prize giveaways, including three savings bonds. Other activities include coloring contests and sign-up for Money & Me, the credit union’s teen-themed summer money management class. * MaPS CU, Salem, Ore., will offer two $75 awards to youth in honor of the credit union’s 75th anniversary. Branches also will host coloring contests during Youth Week. * Hawthorne CU, Naperville, Ill., will celebrate Youth Week with free coin counting, gifts with deposits, the opportunity to open a youth savings account, a cash-back check card with a parent’s signature, and information about opening a young investors fund. The credit union also will host coloring contests for the chance to win a savings account deposit of $25.
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