Credit unions are the 3rd largest sponsor of CMN Hospital. Fort Worth Community Credit Union is a part of Credit Union for Kids – this organization engages in fundraising activities to benefit 170 Children’s Miracle Network Hospitals.
I am sure you are aware of the benefits that credit unions have over most banks. Did you know that they also offer accounts for kids? Well, they do! We all enjoy saving money, so pass it on to the kids and get them involved.
Fort Worth Community Credit Union offers an interest earning account called the Young Savers Club for kids up to the age of 12. It only takes $5 to open and offers the convenience of Parent/Co-Signer Transfers. They will also receive a birthday card each year and can participate in coloring contests throughout the year. It’s a good way to teach the younger children how fun saving money can be!
CU Succeed Teen Club is offered to kids ages 13-17. Again, only $5 to open this interest earning account and offers the convenience of Parent/Co-Signer Transfers. They are also eligible to open a checking account with MasterCard debit card access, in addition to CU Succeed Teens newsletters. These features come in handy for young adults that are on the go. Teens with a checking account can learn about spending and balancing an account.
Teaching good saving and spending habits at an early age can help them later in life, when saving and spending matters the most. Saving is vital during those teenage years, when they are saving to purchase a new car or for college expenses. When it comes to interest rates, establishing new credit and no fee accounts a credit union is the only way to go. Creating an account at a credit union now can start a relationship that will really pay off in the end.