Will your child be able to balance a checkbook? Will they be able to make informed money management decisions? Do they know what planning for retirement looks like? As parents we take pride in teaching our children science, math, to read and to write but we often forget the importance of money management lessons. In the U.S. less than half of states have any financial literacy requirements for grades K-12, which means that responsibility falls solely on parents who are often fighting their own financial battles. This is where membership in a credit union may be able to help. Most credit unions offer financial literacy programs for children. For instance, Valley Federal Credit union offers an online game called MoneyIsland
MoneyIsland encourages children to learn real life principles of financial
responsibility while having fun.
Valley Federal Credit Union also offers student checking accounts
specifically designed for young money managers, as well as savings accounts
with competitive dividends to encourage savings and teach the benefits of
making money work for you. As part of Credit Union Youth Month and in
honor of our Park County youth, Valley Federal Credit Union is offering an
unprecedented youth CD rate. For the month of April, members under the age
of 18 can purchase a 12-month, $100 CD (minimum and maximum) with a fixed
rate of 12% annual percentage yield (penalty for early withdrawl).
It doesn't matter how young or old you are, learning to manage money is
Valley Federal Credit Union believes that by
starting good financial practices in youth, our children are more likely to
maintain financial responsibility into their adulthood. Valley Cares for
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