COLUMBUS, Ohio– As Telhio Credit Union continues to celebrate its 90th anniversary, it supported National Credit Union Youth Month by depositing nearly $17,000 into Youth Savings Accounts.
In addition to highlighting the importance of youth financial education, each branch extended a unique opportunity for Ohio youth to begin their own financial journeys. Throughout April, every time a deposit was made into a new or existing Youth Savings Account, Telhio matched those funds up to $25.
The program was extremely successful and resulted in 780 member accounts being funded in the amount of $16,998.14 by Telhio, the CU said.
“At Telhio, we emphasize financial education for all our members, including those under the age of 18 years old,” said Nick Biratsis, VP-marketing. “We want our members to be with us for a lifetime and those relationships can start at a very young age. By educating and investing in Ohio youth we are ensuring the future is bright for them as well as for Telhio. Financial education has been linked to lower debt levels, higher savings, and higher credit scores as children mature into adulthood.”
In addition to the Credit Union Youth Month event, Telhio CU said it also offers its youngest members the opportunity to start saving money through the Money Mammals Kids Club.