CUNA News Now: Final results: Youth Saving Challenge hits $12 million

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MADISON, Wis. (5/8/08)--The National Credit Union Youth Week Saving Challenge, hosted by the Credit Union National Association (CUNA), garnered more than $12 million in savings.

Youth Week took place April 20-26. Four hundred credit unions reported their results to CUNA. Total deposits equaled $12,035,272.42; 76,524 youth made deposits; and credit unions opened 6,748 youth accounts.

"Credit unions proved that youth matter," said Joanne Sepich, National Youth Week coordinator.

This year's theme was "Got Green? Grow it at Your Credit Union," and a number of credit unions combined savings lessons with being environmentally conscious.

"From digging in the dirt to face painting, credit unions opened their doors to youth and introduced them to the very simple concept of setting goals and saving for them," Sepich said.

Last year, 393 credit unions reported $10,133,355 in deposits from 71,844 young members. About 9,067 new youth accounts were opened.



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	News Now LiveWire Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 12 hours ago St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 13 hours ago CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 17 hours ago NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 4 days ago Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago Sign up; more tweets... Final results: Youth Saving Challenge hits $12 million MADISON, Wis. (5/8/08)--The National Credit Union Youth Week Saving Challenge, hosted by the Credit Union National Association (CUNA), garnered more than $12 million in savings. Youth Week took place April 20-26. Four hundred credit unions reported their results to CUNA. Total deposits equaled $12,035,272.42; 76,524 youth made deposits; and credit unions opened 6,748 youth accounts. "Credit unions proved that youth matter," said Joanne Sepich, National Youth Week coordinator. This year's theme was "Got Green? Grow it at Your Credit Union," and a number of credit unions combined savings lessons with being environmentally conscious. "From digging in the dirt to face painting, credit unions opened their doors to youth and introduced them to the very simple concept of setting goals and saving for them," Sepich said. Last year, 393 credit unions reported $10,133,355 in deposits from 71,844 young members. About 9,067 new youth accounts were opened. Resource Links Youth and Young Adults resource link National Credit Union Youth Week CUNA's Personal Finance Initiative More CU/System
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