SANTA ROSA, Calif.–Redwood Credit Union (RCU) is celebrating Credit Union Youth Month in April with giveaways and two contests that promote good savings habits for children and teenagers.
Junior Rangers (RCU members ages 12 and under) are invited to participate in a coloring contest that features RCU’s mascot, Reddy the Redwood. Twenty-five winners will be selected to receive $100.
Junior Partners (RCU members ages 13-17) are invited to show how they imagine their futures through song, dance, video, drawing, essay, or another creative way. Five winners will be selected to receive $250.
“We love encouraging our young members to learn about financial wellness as early as possible,” said Rene Meza, Santa Rosa North Dutton branch experience manager.
The credit union reported nine-year-old Bodhi, official Jr. Ranger member and RCU junior consultant, sends ideas to the RCU team several times a year. Recently, he suggested this savings technique: “Here is my idea how kids can save money: If you want to buy an item, research which local store has the lowest price for the item you want.”
As part of the Jr. Ranger and Jr. Partner program, young members receive dividends on the funds they save (on balances of $10 or more), a quarterly newsletter with money tips, online banking, and access to an educational website with games and articles that teach about money. They also get free gifts at $100 (Jr. Ranger) and $250 (Jr. Partner) savings milestones.