CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » $15.1 million saved during National Youth Saving Challenge™
CU System

$15.1 million saved during National Youth Saving Challenge™

May 19, 2023
YM23_EvergreenSponsor_FBLI2.jpg

Young credit union members took the theme of “Unleash the Power of Saving at your Credit Union™” to heart during April’s National Credit Union Youth Month, sponsored by Ever Green 3C. Credit unions reported their 2023 National Youth Savings Challenge™ results this week, showing young members made deposits totaling $15,185,902. 

“We are thankful to everyone who participated in this year’s National Youth Saving Challenge” said Megan Crowson, manager of consumer engagement at CUNA. “This year’s Youth Month theme tied right into the challenge and showed kids that saving money early on can really add up. “

This Youth Month, 3,445 new youth accounts were reported opened, a 383% increase from 2022. 54,049 deposits were made. Participating credit unions encouraged kids to save wisely through their credit union with giveaways, contests, financial education and events.   

To encourage participants, CUNA offered a grand prize of $1,000 to create 10 youth awards worth $100 each, and randomly selected DuTrac Community Credit Union of Dubuque, Iowa as the grand-prize winner. DuTrac reported 23 new youth accounts and 7,837 deposits totaling $1.7 million for the month.

To learn more about the National Youth Savings Challenge, visit cuna.org/youthmonth.

Credit Union Magazine: Summer 2023

Summer 2023

Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
Digital Edition •  Subscribe

Trending

  • Debt ceiling deal has credit union implications

  • Final week to nominate a 2023 Credit Union Rock Star

  • CUNA to host free webinar on FedNow service strategy June 13

Tweets by CUNA_News

Polls

Do you think ChatGPT will become useful for credit unions?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us