Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Youth Week in full swing at CUs
NEW YORK (4/24/08)--Community development credit unions (CDCUs) are participating in this year’s National Credit Union Youth Week, hosted by the Credit Union National Association, with a variety of activities.
Carter FCU, Springhill, La., has visited nearly 275 students at local schools to celebrate National Credit Union Youth Week. During the visits, the credit union stressed how important it is to save for the future. Pictured is one youth who visited the credit union to make a deposit this week. (Photo provided by Carter FCU)
Alternatives FCU, Ithaca, N.Y., will give out pencils made from recycled U.S. currency to youth at their headquarters. The credit union, which has five in-school branches, will hold raffles at each branch. Students who make deposits will be eligible to win a prize. Generations Community CU, Durham, N.C., will waive membership fees at nine branches for youth who open accounts this week. “We’ll be teaching our youth about the differences between credit unions and banks and how they can save for the future,” said Nathan Farrior, Generations mortgage officer. “Building on this year’s theme of ‘Got Green? Grow it at Your Credit Union,’ we’ll also be discussing why protecting the environment is an important goal and how the green ecnonomy can help our communities.”
Union Pacific of AR FCU, Little Rock, Ark., held a carnival April 19 to kick off National Credit Union Youth Week. Employees worked at carnival booths and provided materials and prizes for youth. Employees also were available to speak with parents interested in opening accounts at the credit union. Union Pacific will hold an open house today for students in first through fifth grades to deposit money or open accounts. (Photo provided by Union Pacific of AR FCU)
Mission SF FCU, San Francisco, will give $100 to one youth who makes a deposit this week. Two youth also will be given the opportunity to attend the National Federation of Community Development Credit Unions’ Youth Network Annual Conference in Dallas June 11-14. Community Financial FCU, Springfield, Mo., welcomed third-grade students for a tour of the credit union. The students were divided into groups and visited each department, where they learned about the benefits of being a credit union member. Students also received small gifts from each department to help them remember what they learned. One of the students said the highlight of the tour was seeing the inside of an ATM and how it worked, the credit union said in a release. Other credit unions, such as Freedom CU, Warminster, Pa., are celebrating Youth Week throughout the entire month of April. The credit union is offering two promotions, including the Refer-A-Youth campaign, where parents and grandparents can open an account for a young member. After the account is opened, Freedom will give youth members $20 for their account. The credit union is also offering the “Go Green” quiz to offer youth a chance to win one of three $250 savings accounts. Youth can visit the credit union’s website, www.freedomcu.org, or stop by a branch to complete the quiz. The quiz ties into the “Got Green?” Youth Week theme and the environment.
(From left) Alex LeClair, Burrillville Middle School student, assumes the role of Rhode Island CU President/CEO David Suvall for the day at Exchange City. The credit union’s exchange program coincided with National Credit Union Youth Week activities. (Photo provided by Rhode Island CU)
Rhode Island CU, Providence, R.I., is celebrating Youth Week by donating $30,000 to Exchange City and sponsoring Exchange City CU. At Exchange City, middle school students operate their own “city”--from the mayor’s office to the police department. The simulation allows students to learn about different career options, personal finance and how to be consumers. Students take on roles as politicians, credit union CEOs, newspaper owners and other leaders. Rhode Island CU staff visited schools and helped teachers interview students for their Exchange City job and staff. “Sponsoring Exchange City is not just a financial commitment for us. It is a commitment to our communities, parents, students and schools,” said Rhode Island CU President/CEO David Suvall. Guardian CU, Milwaukee, teamed up with Milwaukee Brewers third baseman Bill Hall and Radio Disney to celebrate Youth Week. All branches will give gifts and balloons to youth who visit the credit union this week, and they will host a live radio event with Radio Disney Saturday. Hall will make a special appearance and will sign autographs for youth. Youth who open a new account or make a deposit will receive a Guardian CU baseball bank. Guardian CU also will give away $500 in savings bonds to kid’s coloring contest and teen’s essay contest winners. Midwest Community FCU, Defiance, Ohio, partnered with Hilltop High School to play the Finances 101 Game of Life. Students were split into teams and asked to follow a budget. As the game progressed, students had to make decisions about services they could afford, such as insurance, utilities, haircuts and groceries. Several participants had empty bank accounts by the end of the activity despite making wise financial choices. Many discovered that having children is expensive and some said waiting to start a family is a sensible financial option they never considered, the Ohio Credit Union League said (eLumination Newsletter April 22). Gateway Regional CU, St. Louis, is encouraging youth to open accounts by giving $5 to each account opened during the week. The credit union also will give a drawing contest winner $100, according to the Missouri Credit Union Association (CourierNet April 23). Sammy Rabbit and Sam Renick, author of “It’s a Habit, Sammy Rabbit,” told stories and sang with more than 500 students, as part of a National Credit Union Youth Week financial literacy event held by Andrews FCU, Suitland, Md.
Other Resources

RSS print
News Now LiveWire
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
10 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
11 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
12 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
13 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
15 hours ago