Celebrate Youth Month
April is Credit Union Youth Month:
Celebrate Credit Union Youth Month with Mid Carolina by bringing your young saver(s) to any MCCU branch in April to receive a token of our appreciation.
During the month of April, if your kid(s) (ages 12 and under) deposit $5 or more into a new or current savings account, the young saver will be rewarded with a $5* token of appreciation. This gesture is a practical and fun way to reinforce the value of saving and to prepare them for their financial future. By participating, kids not only learn the importance of saving money, but they also become familiar with the friendly environment of their local credit union. This engagement helps to instill financial literacy from a young age, setting the foundation for wise money management skills as they grow.
Let’s help young ones learn about financial literacy by exposing them early to the idea of sound money habits. Wondering where to start? Here are a few ideas to help get you started:
Earning Money: This fundamental concept helps them understand the value of money and the effort needed to earn it. Encourage them to earn money by doing house chores or other jobs around the house.
Setting Savings Goals: Help them plan for things they want to buy, like a new toy or game. A simple piggy bank and writing down how much they have saved versus how much they need will help! They can also open a savings account at the credit union and learn to start banking.
Counting Money: Instill money-counting skills using different coins and notes. Depending on their age, introduce them to various payment methods, including cash and mobile payments, explaining how each transaction is completed.
Charity and Gifts: Encourage them to spend part of their money on charity or buying presents for friends, fostering a sense of generosity and community belonging.
Delayed Gratification: Teach them the value of hard work and the benefits of saving for something they want rather than making impulse purchases. By incorporating these money lessons into your child's routine, you can pave the way toward their financial success. Better yet, get them started with a kids savings account at the credit union!
Federally Insured by NCUA. *Terms Apply. New and current youth accounts, for children aged 12 and under, will receive a $5 reward token when they deposit $5 or more into their account in April. Youth MUST be present during time of account opening/deposit to receive credit of token funds in their account. Offer starts April 1, 2024 and ends April 30, 2024. See representative for complete details.