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Latino Community CUs youth contest stresses savings
DURHAM, N.C. (2/18/11)--Latino Community CU in Durham, N.C., is accepting entries for a contest to encourage youth to start saving and to develop sound financial practices. The “What’s Your Savings Story?” contest has invited schools, nonprofit organizations and faith communities to promote the contest--which is open to youth between 10 and 18 years old (WSOCTV.com Feb. 16). Participants can read about the stories of “Isabel” and “David”--youth who are struggling to make good financial decisions, and then write their story about their efforts. The winners in each age category (10-12, 13-15, 16-18) receive $1,000 (first place), $500 (second place) and $250 (third place) in the form of a 24-month certificate of deposit as an incentive to start saving money for their future. The award money is made available through a grant from the W.K. Kellogg Foundation. The collection of stories will be used in the community, displayed in the $98.3 million-asset credit union’s branches and published on the Latino Community CU website to help encourage savings.


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