WEST LAFAYETTE, Ind. -- Purdue Employees Federal Credit Union is ready to meet the challenge of helping to raise the financial IQ of its young members.
The credit union is making the most of National Credit Union Youth Week to help set young consumers toward the path of financial independence.
Playing up the theme "Got Green? Grow It at Your Credit Union," each week in April, youth aged 18 or younger who make a $5 deposit will receive a free green gift. A new gift will be given each week, culminating with tree seedling gifts during National Youth Week.
In addition, throughout the month members will be encouraged to sign up for eStatements. Last year, PEFCU members saved 22 trees per month by using eStatements instead of traditional paper statements. A special tree-planting event in honor of the achievement will be held on Arbor Day April 25.
PEFCU is also reminding parents about the importance of talking to their kids about money. The credit union's tips range from urging parents to include children in household discussions and showing them how to budget income and expenses to encouraging parents to continue to challenge their children by having them find better cell phone plans or budgeting for their back-to-school expenses.