Making financial literacy a goal for 2016
Also, ten $2,000 College Scholarships available….
As we forge into the new year, you should first ask yourself:
Does your student (or students):
- Budget his/her own money and have a spending plan which includes saving money regularly and spending money wisely?
- Use credit responsibly and understand the importance of maintaining good credit?
- Have the financial skills to manage his/her own money when they go to college?
If you were not able to answer “yes” to all of these questions, you’re not alone. In fact, recent studies indicate that over 75% of college freshmen claim they were ill-prepared to handle their personal finances. Experts concur that simply providing young adults with financial products and services from their parent’s bank is not enough. It must be combined with classroom education, parent involvement, and hands-on experience that helps them understand the importance of savings, living within their means, and using credit responsibly. That is where Monarch High School’s Coyote Student Credit Union comes in.
The Coyote Student Credit Union offers high school students the hands-on opportunity to manage their own money to develop their financial skills, and help them make good financial decisions before they graduate from high school. Most student credit union members claim they feel more confident in managing their money and understand the importance of using their accounts and credit responsibly.
Discover the benefits. The student branch is located in the student center and is open on Monday, Tuesday, Thursday, and Friday during lunch. Students can by stop the student branch to pick up a student membership packet and take it home to review and complete. It takes a $5 minimum savings balance to join. Students will enjoy no monthly fee checking and a free debit card which they can continue to use when they move on to college. Ask about how to receive the $20 incentive to join and the $25 incentive when using the debit card for purchasing.
Seniors who are Coyote Student Credit Union members and plan to go to college in the U.S. next fall can apply for one of ten $2,000 college scholarship awards.
The Coyote Student Credit Union is sponsored by Premier Members Credit Union, formerly Boulder Valley Credit Union. For more information, please visit www.bvcu.org/coyotes [youth] or contact liaison, Steve Carr, at the phone and email address below.
Education Specialist, Premier Members Credit Union
303-657-7558 or firstname.lastname@example.org