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CU System
Illinois youth saved 458401 at 23 CUs
NAPERVILLE, Ill. (5/29/09)--Youth in Illinois joined their counterparts nationwide to more than double the amount of money they previously saved during the annual savings challenge as part of National Credit Union Youth Week. In Illinois, $458,401 was saved at 23 credit unions. More than $26.5 million was saved by youth at their credit unions nationwide in the Credit Union National Association’s 2009 “Magic of Saving” savings challenge campaign. Compared with the 2008 record of $12 million, this year’s figures show that credit unions are capturing the interest of youth and teaching them the “magic of saving,” said the Illinois Credit Union League. In 2009’s challenge, there were 139,699 youth nationwide made deposits, compared with 76,524 in 2008. In Illinois this year, 2,800 youth made deposits. New youth accounts opened nationwide tallied 10,006 in the 2009 challenge, compared with 6,748 in 2008. There were 257 new accounts opened in Illinois in this year’s challenge.
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