Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
National CU Youth Week results announced
MADISON, Wis. (5/2/08)--The results are in--and they’re record-breaking. National Credit Union Youth Week, hosted by the Credit Union National Association (CUNA), brought in more than $11.7 million in youth deposits April 20-26, with an average of about $150 per child. About 75,420 youth made deposits, and 6,583 new youth accounts were opened.
Click for slide show Connor (left) and Tyler Babcook show off the Got Green prizes they received for bringing plastic bags to recycle toward deposits into their Electro Savings CU youth accounts during National Credit Union Youth Week. The credit union is located in St. Louis, Mo. (Photo provided by Electro Savings CU)
Results were received from 395 credit unions. Last year, $10.1 million was deposited by youth. About 71,844 youth made deposits and 9,067 accounts were opened, at an average of $141 per child. Results were from 393 credit unions. "Not only are more young people participating in the saving challenge each year, they are also saving more," said Dan Mica, president/ CEO of CUNA. "Credit unions are spreading the word to our nation’s youth about the importance of saving, and these savvy young members are demonstrating that they have heard the message loud and clear." Youth Week’s theme was “Got Green? Grow it at Your Credit Union.” A number of credit unions used the “green” theme to promote saving and being environmentally friendly. DuTrac Community CU, Dubuque, Iowa, donated trees in honor of Earth Day and Arbor Day each time a youth deposited money into a credit union account. Both Earth Day and Arbor Day took place during Youth Week. Other credit unions reported meeting their savings goals quickly. “We surpassed our credit union deposit goal on the first day,” said Melody Aleman, marketing coordinator at SC Telco FCU, Greenville, S.C. “We had to order prizes an additional two times to keep up with the amount of kids depositing,” added Amy Blanchard, Limestone FCU, Manistique, Mich. Limestone FCU had 126 deposits, including a handful of youth certificates of deposit. “We had a great week,” Blanchard continued. “Our advantage is that we are directly across the street from the middle school and high school. We also have a branch at the school that was open on Monday and Wednesday during Youth Week.” To view a slideshow of photos from Youth Week, use the link.


News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
18 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
13 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
14 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
15 hours ago