Click here to visit the teen site!!!
The new teen program is just one more way KC Fairfax Federal Credit Union is working to serve its members and fulfill the “people helping people” philosophy of credit unions.
“If we can help our teenagers to better understand money and finances now, they will be a lot better off in the future,” said
KC Fairfax Federal Credit Union’s teen account program provides these benefits for teen members.
- KC Fairfax Federal Credit Union will match the first deposit into your account up to $5.*
- The first 25 new accounts will receive a $20 Visa gift card.*
- Only $25 in savings and $25 in checking to open checking account.*
- The first 50 checks are free.*
- $100 CD’s for teen accounts for rate periods of 12 months.
- Co-Signed Auto Loans.
For information about opening a teen account and joining CU Succeed® teens and parents can contact the credit union at 913-647-9490.
* Must be 16 years of age to open checking accounts. Checking accounts under 18 years of age must have a co-signer. Accounts must be opened the duration of the trial period which is a minimum of 30 days to receive $5 deposit match. Gift cards will be issued 4-8 weeks after the account is opened for the trial period which is a minimum of 30 days.
National Credit Union Youth Week Is April 20-26, 2008
Grade: F
That's the average report card 12th graders earned for financial literacy in 2006. For about a decade, the Jump$tart Coalition® has been surveying high-school seniors about personal finance.
What our youth don't know is shocking. For example, only 23% understand that interest/dividends on savings accounts may be taxable. Only 40% realize they could lose their health insurance if their parents become unemployed.
Achieving economic prosperity is difficult. It's especially hard for young people who've never learned how to manage money. Your credit union is ideally positioned to respond because we believe in the power of education. We're here to help you launch the youth in your life toward financial independence.
Join. As a start, open a savings account for each child in your family at the credit union. As soon as your children can write, have them fill out deposit and withdrawal slips. Guide teenagers through using a debit card and balancing a checkbook.
Share. Include your children in your household finance discussions. Show them how you budget income and expenses. As their skills improve, give them challenges—such as finding a better cell-phone plan, calculating the total monthly cost of owning a car, or sticking to a budget with back-to-school or holiday spending.
Coach. Remind your children to ask for help when they need it. And turn to your credit union when you want help. Our tradition of service and philosophy of self-help make KC Fairfax Federal Credit Union and all credit unions a natural partner in pursuing financial security.
Join us this year as we celebrate National Credit Union Youth Week from April 20-26. Our theme for 2008 is "Got Green? Grow It at Your Credit Union."
For more information, contact PJ (913) 647-9490
Copyright 2008 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.
Kids Can Save Too!
Open a Johnny Appleseed account.
Ages 0-12
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