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News Now

CU System
Youth Week Kicks Off
MADISON, Wis. (4/22/13)--Credit unions nationwide are celebrating children and the benefits of financial education during National Credit Youth Week, which began Sunday and ends Saturday.

The Pennsylvania Credit Union Association asked its member credit unions if they're planning to celebrate the week (Life is a Highway April 18). The responses:

  • Yes--(66.7%);
  • No--(25.6%); and
  • Don't know--(7.7%).
Activities Pennsylvania credit unions have planned to celebrate include:

DEXSTA FCU, Wilmington, Del., had added a student branch at Wilmington's Bayard Middle School. From left, first row, a student; Kerry Waugh, student school champion at Bayard School; a student; DEXSTA staffers Jerry King, president/CEO; Mary Brien-Duch, vice president finance; and Craig Perry, member service representative. Top row, from left are DEXSTA's Patrick Rhodes, operations manager; Joe Walsh, vice president, lending; and Nyeshia Coates, phone center floating-members service representative. (Photo provided by Delaware Credit Union League)
  • Use Youth Week theme decorations/apparel--(57.7%);
  • Offer incentives for savings deposits--(53.9%);
  • Offer refreshments in branches--(50%);
  • Participate in National Youth Saving Challenge--(42.3%);
  • Hold special events/contests for youth Club(s)--(42.3%);
  • Host financial education sessions for students-- (11.5%);
  • Host in-school branch activities for youth week--(11.5%); and
  • Other--(19.2%).
Among the other ways credit unions are celebrating youth during April:

Click to view larger image Generations FCU provided financial education classes at five area colleges. (Photo provided by Generations FCU)
  • FORUM CU, Fishers, Ind., will celebrate at all branch locations this week. FORUM's events will include activities, giveaways, prizes, and two enter-to-win contests with prizes, including Toys R Us and Apple gift cards. FORUM will deposit $5 into any new children's account opened during the week. It also will deposit $10 into any free Student Survival student checking account that is opened.
  • Generations FCU, San Antonio, partnered with all five of the San Antonio-area Alamo Colleges to bring financial education classes to their campuses.  Generations FCU will teach dozens of financial education classes to hundreds of students at Palo Alto College, San Antonio College, St. Philip's College, Northeast Lakeview College, and Northwest Vista College.  Topics presented in the classes include budgeting, money management, credit reports and paying back student loans.
  • DEXSTA FCU, Wilmington, Del., added a student branch at Wilmington's Bayard Middle School, the Delaware Credit Union League said (Together April 15) The branch, located in the cafeteria, will be open to serve students and staff at the school on Tuesdays and Thursdays. DEXSTA staff will be joined by student tellers to serve new members.
National Credit Union Youth Week was created by CUNA so credit unions nationwide could focus on the financial needs of young people and provide financial literacy education. It teaches the benefits of saving and goal setting, and invites youth to open savings accounts at their credit union and make deposits throughout the year.

CUNA also conducts the National Youth Saving Challenge throughout April. The challenge rewards 10 savers with $100 cash prizes.
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