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News Now

CU System
Illinois youth saved 861756 during challenge
NAPERVILLE, Ill. (5/19/10)--Illinois youth saved $861,756 during the National Youth Saving Challenge as a part of National Credit Union Youth Week, sponsored by the Credit Union National Association (CUNA) April 19-23. Nineteen Illinois credit unions participated in the challenge, said the Illinois Credit Union League. The money youth saved at Illinois credit unions is part of the $25 million saved by youth nationwide. This year’s theme was “Get in the Savings Game.” The number of youth savers increased nationwide by 21.6% and the number of new youth savings accounts increased by 4.4%, said CUNA. About 168,438 youth made deposits and opened 10,385 new accounts, with an average deposit of $147. In 2009, about 138,444 youth deposited $26 million and opened 9,946 new accounts. The average deposit was $190. Credit unions nationwide hosted special activities and events at their branches to celebrate Youth Week. Many also offered financial literacy lessons. Next year’s National Credit Union Youth Week will be held April 17-23.
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