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News Now

CU System
Savings Challenge deadline is May 17
MADISON, Wis. (5/13/11)--Credit unions are reminded to post their
Click for slide show Nicholas Winchell showed off his guitar skills during Youth Week at ISU CU, Terra Haute, Ind. (Photo provided by ISU CU)
National Youth Savings Challenge results by noon CT, Tuesday, May 17 to be eligible for 10 prize drawings of $100 each, randomly awarded by the Credit Union National Association (CUNA). The National Youth Saving Challenge takes place every year during April. It is held in conjunction with National Credit Union Youth Week, sponspored by CUNA. Credit unions nationwide create inspiration for saving and had fun with their young members during the National Youth Saving Challenge. Among ways credit unions celebrated and taught their young member to save:
* Dynamic FCU, Celina, Ohio, hosted Kirby the Kangaroo. Kids joined Kirby and his Rockin’ Crew on Saturday, April 16 for fun, games and prizes. Kids that made a deposit of $5 or more were given a special gift from Kirby. * Ticonderoga (N.Y.) FCU, offered young members who opened a Savings Safari account Moonjar Moneybox. Moonjars help children learn to manage their money with individual compartments for saving, spending and sharing. The credit union also celebrated National Financial Literacy Month by encouraging youth members to visit the credit union to enter a raffle for a $50 savings bond and the $100 national prize. One randomly selected winner was drawn at each of the credit union’s three branches. * ISU CU, Terra Haute, Ind., invited members under the age of 10 to participate in a coloring contest, with the winner receiving a $15 gift certificate to Toys ‘R Us. Members under the age of 17 were invited to participate in a deposit challenge and a “Guess the Jar” contest. Youth members were also able to play Band Hero and have their picture taken with a rock star background. * Mazuma CU, Kansas City, Mo., gave away fun prizes to youth members and encouraged them to become a Savings Rock Stars by depositing $10 or more into their account during the week. All youth members who deposited $10 or more into their account were put into a drawing for a $50 savings bond. Two $50 savings bonds were awarded to youth members Monday through Saturday. Mazuma’s Annual Spirit Week coincided with Youth Week with “Rock-n-Roll” as its theme. Each day, Team Members wore attire to fit the song choice of the day. Also, Saturday, April 23, Mazuma hosted “Mazuma Rocks Day” by sponsoring a Guitar Hero contest for kids 8–17 and a coloring contest for kids under eight. * Kamehameha FCU, Honolulu, offered kids the chance to play Guitar Hero, and win a $60 Game Stop gift card. They also received double punches to their punch cards for every deposit of $10 or more during the month. For all new youth accounts opened during Youth Savings month, young members received a free My Money Rocks at Kamehameha FCU t-shirt along with their savings passbook, punch card and personal bank. * All 32 branches at ORNL FCU, Oak Ridge, Tenn., worked hard to decorate and celebrate youth during April. The credit union’s Young & Free Tennessee spokesperson, Alex Oliver, was especially instrumental in getting kids fired up for financial literacy. Branches held events with games, activities, food and prizes. Some branches held financial literacy workshops for kids featuring the award-winning Moonjar Moneybox. * Sussex County FCU, Seaford, Del., hosted a free youth fair and member appreciation celebration. Members could take advantage of one-day only loan and deposit specials. Younger guests were entertained with face painting and caricature art. Kids could also climb a rock wall, performing stunts in a bounce house and making personal masterpieces with the spin art. Young members who opened Kids Club accounts could grab for cash in the Typhoon Money Machine.


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