It's never too early to learn about money. Get started with our Youth Services.
Just turned 18? Check out our Progressive Visa
We provide members 18 years of age and older an opportunity to build a credit history with rewards for maintaining it. Your credit history follows you where ever you go; so you'll want to make sure it stays in good standing.
Age 16 to 17 years old? Open up your own Youth Checking Account.
13 years old or younger? A family member can start a Kids Savings Account for you.
Guiding Your Children Toward Financial Independence.
F. That's the average report card 12th graders earned for financial literacy in 2008. 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 27% 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 Florida Telco] and all credit unions a natural partner in pursuing financial security.
We're here to help. For more information, contact us at 904.723.6300.
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.
