April is National Credit Union Youth Month, the time each year when credit unions across the United States teach and encourage kids to develop strong financial habits. This year’s theme is Unleash the Power of Saving at Your Credit Union™.
At Maui County Federal Credit Union we want to help youth to start saving at an early age so that they can see their money grow. Our Kids Club members already have an interest-bearing savings account where they are paid a small sum of interest on the money they have in their account. With compounding interest over a long period of time, they could see their savings grow exponentially.
To celebrate National Credit Union Month throughout the month of April, we’re doing even more to support youth in growing their savings. Whether it's money that was earned or gifted, Kids Club members can complete the coloring on the back of their Hoku Iki Herald newsletter and bring it in to any of our branches to receive twice as many tokens for deposits of up to $50. So if they make a $50 deposit, they’ll receive 10 tokens that you can redeem for a prize from our Kids Club prize corner or save to redeem in the future.
This year, we’re also participating in the National Youth Saving Challenge™. The Challenge is free and open to all youth under 18 who visit a participating credit union during April. While you are encouraged to make a deposit at the credit union, no deposit is required to enter.
Parent or guardian’s permission needed to enter and submit an entry form with the following information: name, date and your current age. Limit one entry per person. Odds of winning depend on number of entrants. This contest is void where prohibited.
In May, Credit Union National Association will randomly select and give a $1,000 grand prize to a participating credit union. That credit union will then randomly select 10 winners from its entrants. We will notify entrant if they are a winner.