Free financial education resources available as part of PSECU’s National Credit Union Youth Month observation
HARRISBURG, PA (April 30, 2019) — Pennsylvania’s largest credit union, PSECU, celebrated National Credit Union Youth Month throughout April by providing members and non-members alike with free information and resources to help prepare children for financial success.
“At PSECU, we believe that it’s never too early to start learning about money management and building a skillset that can contribute to lifelong financial stability and success. That’s why we’re always looking for new ways to share financial education opportunities with youth in the communities we serve across Pennsylvania and beyond,” said George Rudolph, PSECU’s newly appointed President. “During National Credit Union Youth Month – and all year round – we hope that everyone will take advantage of the resources we offer to help children understand money and become financially capable adults.”
PSECU’s financial education program, WalletWorks, is one great place to start. It includes useful information and tips dedicated to providing consumers with the know-how they need to make their wallets work for them. Newly curated WalletWorks content has recently been added to the program’s online destination for National Credit Union Youth Month. It targets the specific needs of youngsters ages one to 18:
PSECU’s blog also features regularly updated, original content to help readers build financial savvy. Providing financial tips for every stage in life and offering information on topics including budgeting, credit, savings, and security, blog posts are frequently shared across PSECU’s social media channels (Facebook, LinkedIn, andTwitter), making for an engaging virtual learning environment.
Offline, each issue of PSECU’s quarterly print newsletter, RE:member, also includes a youth activity page as a fun way to start introducing money concepts to children. Free, printable versions of the youth activity pages are available for educational reuse on the WalletWorks page.
PSECU’s special higher yield youth savings rate for accounts opened for, or owned by, youth under age 18, is another unique benefit that gives parents an opportunity to start their child out on the right foot financially. A balance as low as $5 can earn a 1.50% Annual Percentage Yield (APY) on up to $500, and encourages youngsters to start building healthy savings habits. There is no fee to open an account, and there are no monthly account fees – all that is needed to start earning dividends is an initial deposit of $5.
Harnessing technology to promote financial success, the PSECU Savings App is a free resource for members that turns saving for a goal into a game. After downloading the app, users enter a goal and then use the app’s built-in features – sweeping remaining change into savings, taking a spin to determine a surprise savings amount, or skipping a routine treat – to work toward achieving it.
“Sometimes, providing the right tools to children can be an impetus for changing their behavior or teaching them a new way of thinking,” said PSECU Vice President of Marketing and Membership Development Barb Bowker. “Our youth savings rate and the PSECU Savings App are two such resources we offer our members. They get youth involved in money management through active participation, which can be the start of building healthy habits for the future.”
Throughout the year, PSECU also provides support to organizations working to increase and improve youth financial capability. Additional information on the credit union’s community involvement is available in its 2018 Community Report Card.
Opened in 1934, PSECU was founded by 22 ordinary people who pooled $90 and made an extraordinary commitment to each other: To create a financial institution where collective resources benefit all members. Today, PSECU continues that legacy as a leading full-service credit union managing more than $6 billion in assets and offering its over 450,000 members convenient anytime, anywhere digital banking options. PSECU was named a 2020 Best-In-State Credit Union by Forbes Magazine and a Best Credit Union of 2020 by GOBankingRates. For more information about PSECU, visit psecu.com. View its Year In Review to learn how PSECU contributes to the greater good.