April is Youth Month! Earn a $25.00 deposit!

April is National Credit Union Youth Month!
Unleash the Power of Saving

ALL Youth ages 0-17 can earn up to $25.00 deposited into their account. That’s $25.00 for free! 

This year, we are once again giving every child a monetary prize! Each age group will be required to complete a short remote learning experience through our Financial Wellness Center for the $25.00 deposit! The age groups will be split into 3 groups. 0-5, which is mainly for the parents of children; 6-12, for the young child; and 13-17, lessons for older children. Each age group will be required to read specified articles in our Financial Wellness Center and complete questions and/or activities associated with those articles or courses. Please email the completed questions/assignments to [email protected] with the subject “Youth Month” or text the completed answers to 270.684.8954. Be sure to include both your name and your child’s (or grandchild’s) name as this is the only way we will be able to know who to apply the monetary credit to. (If you are older with your own email address or phone, please include your full name as well). We will also be sending out an email with this information, direct links and the questions so feel free to respond to that email with your answers if you find that to be easier.

The money will only be deposited into the child’s account so if the child does not have an account, don’t worry! You are welcome to open one at any time and be eligible for the prize! In addition to in-person account opening, we offer a fully remote online account opening experience so feel free to text or call us to get the process started!

Don’t forget! Anyone under 18 who makes a single deposit of $5.00 or more to their DCTFCU savings account during Youth Month will automatically be a part of the savings challenge and be placed in the drawing for a cash prize of $50.00! We are excited to see you all join us in celebrating “Unleash the Power of Saving” in April for National Credit Union Youth Month!

First, all ages will be using the FINANCIAL WELLNESS CENTER. You are welcome to click this link to access the articles or courses or use the direct links below that will be utilized for completing these questions. Below are details for earning the $25.00 deposit for each age group:

AGES 0-5 (please include your children if you believe they can comprehend):

Email the answers to the following questions along with your name and your child’s (grandchild’s) name. To begin, please access the “3 Jar Allowance for Kids” article here or in the Wellness Center.

1. The 3 jar systems is a popular way to begin teaching children how to __________. What are the 3 jars in the 3 jar money system? What is the optional 4^th jar?
2. The goal of saving is to impart the ________________ and begin _________________.
3. When teaching children how to spend wisely, be sure to give them an avenue to _____________________.
4. What will teach your children about interest and how storing their money at a credit union will keep it safe?

For the next 2 questions, please access the “Teaching Children About Money” article here or in the Wellness Center.

5. Budgeting always involves making _____________.
6. It is important for children to understand that ____________ is the secret to getting what they want.

AGES 6-12:

Email the answers to the following questions along with your name and your child’s (grandchild’s) name. These assignments may be slightly more complex than your child’s age. Please help them complete them and allow them to be involved in answering the questions.

To begin, please access the “Savings with a Purpose” Coach here or in the Wellness Center.

1. Help your child complete the “Saving with a Purpose” Coach and add at least 1 goal. What are at least 2 of the 5 savings tips at the end of the coach?

For the next 4 questions, please access the “3 Jar Allowance for Kids” article here or in the Wellness Center.

2. The 3 jar system is a popular way to begin teaching children how to _______. What are the 3 jars in the 3 jar money system? What is the optional 4^th jar?
3. The goal of savings is to impart the ___________________ and begin ________________.
4. What are the 3 ways you could earn money?
   __________________. ___________________. ____________________.
5. What are 3 things you’d like to save for?
   ___________________. __________________. _____________________.

AGES 13-17:

Email the answers to the following questions along with your name (and your child’s name if they do not have an email address.)

For the first question, please access the “Saving With A Purpose” Coach here or in the Wellness Center.

1. Complete the “Saving with a Purpose” Coach and add at least 1 goal. What are at least 2 of the 5 savings tips at the end of the coach?

For the next question, please access the “How Do I Build Credit” coach here or in the Wellness Center.

2. Complete the “How Do I Build Credit” coach. What are the four best practices for building and maintaining good credit?

For the next set of questions, please access the “50/30/20 Rule ” article here or in the Wellness Center.

3. What does 50/30/20 stand for? 50% _____________. 30% ___________. 20% _________.
4. Read the needs and wants section. What are 2 examples of needs and 2 examples of wants?
   ______________. _______________. ______________. _______________.
5. Saving is _______________. It will instill _______________ and _____________.
6. There is no financial habit as important as saving. One of the great secrets of savings is finding ways to make it _______________.

AGAIN, please email or text ALL responses to your specific age appropriate questions to [email protected] with the subject “YOUTH MONTH” or TEXT the answers to 270.684.8954. Do not forget to specify your name. We ask for patience in receiving your deposits. We will check the emails and make every effort to make all deposits on Fridays. If you feel there was an error in receiving your deposit, feel free to text or call at 270.684.8954 or email me directly at [email protected].

We are excited to see you all join us in April celebrating National Credit Union Youth Month! We hope it helps you understand the power of saving!

YOUTH MONTH FAQ:

1. My child doesn’t have an account, can he/she open one and be eligible for the deposit?
   Yes, your child can open an account at any point in the month of April and be eligible for the deposit, however, the assignments MUST be completed and submitted by April 30^th.
2. Where can I find the assignments to complete for the deposit?
   We will be sending out an email where you can respond directly to the email with your answers or you can find the assignments, questions, and links on our website at www.dctfcu.com/youthmonth.
3. How do I submit my assignments?
   You can respond directly to the email, send the assignments to [email protected], or text the answers to 270.684.8954. Please include yours and your child’s full name and specify that it is “YOUTH MONTH” in the subject line or in the beginning of your text.
4. Can you send me a direct link to the assignments?
   Yes, we can send a direct link via text or email.
5. Can I make multiple entries for the $50 drawing?
   Yes, you can submit multiple entries, BUT only one entry per day. $5.00 is the minimum amount to deposit to be eligible to be placed it the drawing.

6. What is the age range for the youth month assignments?
   The age range is 0-17. There are 3 assignments with different age ranges. Please find the assignments that fit the age of your child and submit those.
7. When should I expect the $25.00 deposit?
   We will be doing our best to keep track of each assignment submission on a weekly basis. You should expect to see the deposit made on the Friday of the week you submitted the assignment or the following Monday. We will be doing the best we can to keep these deposit dates. If you do not see your deposit by the end of the month, give us a call to make sure there has been no error in receiving your assignments.
8. Can I open an account online or do I need to come in?
   Yes, you can open an account online, but you will not be able to click the “Open an Account” button on our homepage. To open an account for your child without coming in, you will need to either text to request an account or call to request an account so we can gather all the necessary information for the paperwork. You will need your child’s social security number and a valid driver’s license for yourself. If your address is not updated on your license, we will need proof of address as well. We will then get your DocuSign ready and you should expect to receive that either via text or email, whichever you prefer. Once we receive the $5.00 deposit and the necessary documentation back, the account will be opened and you can submit the assignment. You are more than welcome to come in if you feel that is easiest.
9. Do automatic deposits count towards the drawing?
   Automatic deposits will only count if you call in and let us know the deposit went in and you would like for us to fill out an entry form for you.
10. I have a sub-savings account with my child’s name on it, does this count for deposits?
    No, sub-savings accounts do not count for deposits. Your child will need their own account with you or a family member as a joint owner.