BURNSVILLE, MN (June 4, 2015) -- US Federal Credit Union (USFCU) celebrated youth financial literacy throughout April by hosting financial education seminars and offering youth account opening bonuses, and prize drawings.
USFCU offered $25 to those who opened youth checking accounts and $10 to those who opened youth savings accounts. In April, 114 new youth memberships were opened with over $409,000 made in deposits to youth accounts.
As part of youth month, USFCU also held two financial education seminars, Personal Finance 101 for Children and Financial Milestones for Teens, with over 60 members attending the seminars in April. The seminars educated youth about how to make positive financial decisions and the difference between wants versus needs. Teens learned how to manage their first paycheck, create budgets and other money management skills.
“At US Federal, we take pride in educating youth in the community about personal finances,” said Bill Raker, USFCU President/CEO. “We are proud to provide our members with the resources to educate youth as they grow and enter new stages in life as well as offering products to help them build financial management skills.”
For more information about youth accounts or how to teach youth about finances, visit www.usfed.org.