Open a savings account for your child. April is National Credit Union Youth Month! There is no better way to introduce your child to money than a credit union.
Why is a credit union the best way to introduce your child to money?
1. Your Child Becomes a Member
Establishing healthy financial habits with your child at an early age is the best way to help them with healthy money habits as they get older. Helping your child understand how to budget, save, where to purchase their first vehicle, getting a mortgage and more is the best way to get your child prepared for their future.
When your child opens an account at a credit union they are considered a member. At Credit Union of Richmond not only are you a member, but you are family. Our staff takes the time to learn you and your family in order to provide support to fulfill your financial needs.
At Credit Union of Richmond, membership is available to everyone who lives, works, attends school and worships in the Richmond Metropolitan Statistical Area.
2. Accounts for Every Stage of Life
Credit Unions also offer Teen Accounts that allow teenagers to earn a bit of independence. As the teen transitions into an adult, the account will then move over to a share savings or checking account.
3. Peace for Parents
Credit Union of Richmond’s Kids Club and Teen Accounts are the perfect way to introduce your child to money. Our Kids and Teen accounts benefits include: teaching youth about finances, earning prizes for every 10 deposits, earning money for good report card grades, and more.