Redwood Credit Union asks youths, ‘What are you saving for?’
Saving Contests to Celebrate National Credit Union Youth Month in April
SANTA ROSA, CA (March 27, 2015) — Redwood Credit Union (RCU) is celebrating National Credit Union Youth Month in April with two new contests to promote good saving habits for children and teenagers. This year’s Youth Month theme is “Wild About Saving.”
RCU members ages 13 through 17 are invited to submit a 150-word description of their current saving plan and goal at www.redwoodcu.org/youthmonth. One winner from each branch, selected based on the demonstration of sound saving principles, will receive a $50 deposit to their savings account. An overall winner will also have their submission published in RCU’s Jr. Partner Post, a quarterly newsletter for RCU’s teen members.
Members 12 or younger can participate in a coloring contest by downloading and completing a “What Are You Saving For?” coloring sheet featuring RCU’s mascot Reddy the Redwood. Each coloring sheet features a word bubble where kids can write or draw what they are saving for, and one winner from each branch will have $50 deposited into their savings account.
Full contest rules and materials are available at redwoodcu.org/youthmonth, where participants can also share their completed submissions. Participants may also drop off their submissions at any local RCU branch. For a full list of RCU locations, visit redwoodcu.org/locations.
“Providing free financial education and encouraging financial wellness are simply part of who Redwood Credit Union is,” said Andy Ramos, RCU’s Senior Vice President of Member Experience. “It’s never too early to learn the importance of smart saving/spending habits, and because April is National Credit Union Youth Month and Financial Literacy Month, it’s the perfect time to share this message.”
RCU’s Youth Account program is divided into two groups: Jr. Rangers for children through age 12, and Jr. Partners for teenagers 13-17. Both age groups receive dividends on the funds they save, a free gift when opening an RCU savings account, quarterly newsletters, online account access, and a special website called Googolplex featuring educational games and articles.
About Redwood Credit Union
Founded in 1950, Redwood Credit Union is a full-service financial institution providing personal and business banking to anyone living or working in the North Bay or San Francisco. As a financial cooperative focused on people not profit, RCU offers complete financial services including checking and savings accounts, auto and home loans, credit cards, online and mobile banking, business services, commercial and SBA lending, investment and financial planning services and more. The Credit Union also offers a variety of insurance products and discount auto sales through their wholly-owned subsidiary. RCU currently has $2.5 billion in assets and serves over 242,000 Members with full-service branch locations from San Francisco to Ukiah, more than 30,000 fee-free network ATMs nationwide and convenient, free online and mobile banking. For more information, please call 1 (800) 479-7928 or visit www.redwoodcu.org.