MADISON, Wis. (4/17/13)--Credit unions and credit union organizations nationwide are using their imaginations to inspire members to adopt good financial habits as part of April's Financial Literacy Month.
This article is the second of a two-part series that provides examples of how credit unions are educating their members during Financial Literacy Month.
To assist with that outreach, the Credit Union National Association offers two national events designed to educate young members and their families on the benefits of financial literacy: National Credit Union Youth Week, April 21-27, and the National Youth Saving Challenge. The events teach the benefits of saving and goal setting and invite youth to open savings accounts at their credit union and make deposits throughout the year.
This year's theme, "Savings Sleuth: Solve the Mystery" employs mystery and mustaches to capture children's imagination.
The National Youth Saving Challenge, held throughout April, rewards 10 savers with $100 cash prizes.
"We have nearly 250 credit unions registered for the National Youth Saving Challenge, ready to welcome youth wanting to 'stache their cash," said Joanne Sepich, CUNA Youth Week and Saving Challenge Coordinator. "Even more credit unions are prepared to show youth fun ways to manage their money during Youth Week. Puzzles, contests, and plenty of mustaches are on order for the big week. It's a big win for us all when we help a child set a goal and save to achieve it."
Among the ways credit unions nationwide are celebrating:
Raising awareness about credit unions is one of the steps in CUNA's, leagues' and credit unions' Unite for Good campaign toward achieving the vision of Americans choosing credit unions as their best financial institution. As that awareness grows, members will turn to aSmarterChoice and Unite for Good websites to locate credit unions they can join and find out more.