R.I.A. Federal Credit Union promoted CUNA’s National Credit Union Youth Week’s ‘Catch the Save Wave’ during the month of April. Charli Moore of Moline won the $100 drawing for being a new youth member during the month. All youth members depositing at least $100 during the month were entered for a grand prize drawing of a Kindle Fire HD. Alivia Ryder of Davenport was the big winner! R.I.A. had a successful month with all goals being shattered! We welcomed 91 new youth members and had 274 youths make over $46,000 in deposits!
Youth Week is a great way to teach young people good savings habits that last a lifetime. Starting young children with savings accounts teaches them about money and saving. They learn that saved pennies add up to dollars and how to budget money for something they really want to buy. As older teens grow more responsible and start making more of their own decisions, ATM/Debit cards and checking accounts can be added.
If you or your immediate family doesn’t already have an account with R.I.A. Federal Credit Union, you can open a savings account with just $5. Members ages 18 and under don’t need to maintain a minimum balance to earn dividends and there are no monthly fees, regardless of balance.