WASHINGTON—Young credit union members deposited more than $15 million in their accounts in April during National Credit Union Youth Month’s savings challenge.
Results were reported by 145 credit unions that participated in the challenge, sponsored by Fiserv and CUNA. Credit unions nationwide reported opening 5,485 new youth accounts during the month of April with more than 65,000 young members making deposits, CUNA reported.
This year's theme was "The Science of Saving."
“Participation in the Youth Saving Challenge remains to be a lasting way to introduce youth members to good saving habits, and life-long growth in deposits,” said Michelle Kamke, CUNA youth month coordinator.
OnPoint Community CU, Portland, Ore., was randomly selected as the winner of the $1,000 grand prize. The credit union will award 10 young members $100 each.