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News Now

CU System
Its National CU Youth Week
MADISON, Wis. (4/19/10)--National Credit Union Youth Week kicked off Sunday, and credit unions nationwide are celebrating the week with community-oriented activities.
Click to view larger image Chris Wolgamott, Meritrust CU, teaches eighth grade students about money during a Money$mart financial management camp at a middle school in Hutchinson, Kan.
This year’s theme is “Get in the Savings Game.” Youth Week, which is sponsored by the Credit Union National Association, ends Saturday. The National Saving Challenge takes place all month. So far, 386 credit unions have registered for the Saving Challenge. At this time last year, 397 had registered. Credit unions can register any time, up until they report results, according to Lin Standke, CUNA Youth Week manager. Standke noted that many credit unions are choosing activities that benefit the community to celebrate this year’s Youth Week. Electro Savings CU, St. Louis, Mo., is joining three other credit unions to donate $5 to the Children’s Miracle Network for every new youth account opened or $50 deposited into an existing youth account. WESC FCU, Casper, Wyo., is collecting new or slightly used sports equipment to be donated to the Special Olympics. NorState FCU, Madawaska, Maine, will donate $1 to local food pantries for every $10 deposit made into an Eager Beaver Youth Savings Account or each new NorState FCU Youth Savings Account opened. Donations help support local food pantries in our communities provide immediate assistance to needy families.
Click to view larger image Malynda Lightsey, Hutchinson CU, teaches students about the difference between simple and compound interest during a Money$mart financial management camp. (Photos provided by the Kansas Credit Union Association)
First CU, Chandler, Ariz., will give youth a free “Good Start Guide to Money” or a “How Much Does it Cost?” worksheets for younger children. Youth who open an account during Youth Week also will receive a free $5 deposit. In other activities, a Money$mart financial management camp created in partnership with the Kansas Credit Union Association and the Wheatbelt Chapter of Credit Unions was held April 15 at a middle school in Hutchinson, Kan. The camp provided students with an overview of how to use a credit card, saving, budgeting and cash management. The event was sponsored by the Kansas state treasurer’s office. “The students were engaged in activities and discussions regarding money and choices, goal-setting, savings, budgeting and credit,” said Michelle Kaberline, financial literacy coordinator, office of the state treasurer.
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