Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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.
Other Resources

RSS print
News Now LiveWire
.@BankOnMo hits the gas with social contest at Mo. #creditunions https://t.co/dxfkgq5xDv
16 minutes ago
#NewsNow: Balance needed between 'safety and soundess' and credit availability @CUNA tells @FHFA http://t.co/jAI6sJ3Poo
46 minutes ago
#NewsNow No stretch for CU to loan to fledgling yoga studio http://t.co/4ryQisBtW1
1 hours ago
.@CUNA's Pierce: Every dollar a CU spends on complying with a regulation is a dollar that is not spent to the benefit of its membership.
1 hours ago
(2of2)...that incentive structure for CUs and banks is quite different, and regulatory structure should reflect those differences."
1 hours ago