X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LENEXA, Kan. – Credit Union of Johnson County has named its new millionaire – 12-year-old Tyler Kesterson. As part of a program to demonstrate it really pays to save, Kesterson was presented a one-day share certificate of deposit for $1 million. The interest accrued from the million-dollar CD (about $100) was his to keep and was deposited into his $olid $aver account. In addition, the young millionaire was the honored guest at a private reception with credit union dignitaries and U.S. Rep. Dennis Moore (Kansas, Third District), and was presented a “Key to the City of Lenexa” by Mayor Michael Boehm. Another surprise included a red-carpet walk to a limousine ride and private lunch with his parents and Credit Union of Johnson County CEO John Beverlin. Following lunch, the limousine returned Kesterson to his school, where some 60 sixth-grade classmates were on hand to greet the “millionaire”. “This is a great way to get kids excited about financial education,” said Kathy Saunders, Credit Union of Johnson County’s Business Development Representative and coordinator of the “Millionaire for a Day” program. “It highlights the benefits of making smart money choices, the importance of savings, and the value of accruing interest.” Saunders patterned the event after a program conducted by CP Federal Credit Union in Jackson, Michigan, which held a similar millionaire event in 2001 through its 28 student branches. The CP Federal staff shared their ideas and offered Saunders helpful suggestions as she modified the event for Credit Union of Johnson County. During National Credit Union Youth Week, Credit Union of Johnson County’s youth members were encouraged to make new deposits at the credit union. With each deposit, they were automatically entered in the “millionaire” drawing.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.