Categorized | Education

Credit union helps youth understand ‘money magic’

 

 

 

Taylin Mandaguit makes a deposit at the Kaloko Branch. (Photo courtesy of Hawaii Community Federal Credit Union)

Taylin Mandaguit makes a deposit at the Kaloko Branch. (Photo courtesy of Hawaii Community Federal Credit Union)

MEDIA RELEASE

 

“Money Magic” happened at Hawaii Community Federal Credit Union’s branches during its annual National Credit Union Youth Week.

“The Magic of Saving” was the theme for the week, encouraging young people to save and watch their money grow “just like magic,” said Kenneth Shaw, youth services coordinator for Hawaii Community FCU. 

More than 550 transactions by keiki at the credit union’s five branches resulted in close to 100 new accounts and just under $118,000 in deposits, Shaw reported.

During the celebration – April 19 to 25 – all of Hawaii Community FCU branches glittered and gleamed with magical decorations. Staff encouraged keiki of every age to start a new account or make a deposit into an existing account. 

“Youth Week was created in 2001 as an opportunity for credit unions to focus on the financial needs of young people and provide financial literacy education,” Shaw said.  

During the Youth Savings Challenge the Kaloko branch held a carnival day; the Kailua-Kona branch brought in two ultimate fighter champions to sign autographs the Kohala and Honokaa branches had piggy bank decorating contests and the Kealakekua branch had a magician on hand to perform money magic.

A deposit or new account allowed young members to enter a drawing for prizes:

* For ages 0 to 3, the grand prize of a $200 Budget Share Certificate and a Munchkin Mozart Magic Cube was presented to 1-year-old Brock Lewis of Kona

* For ages 4 to 6, the grand prize of a $200 Budget Share Certificate and Peg-E Bank (an electronic bank that counts money as it is deposited) was won by Keoni Barco of Honokaa

* The grand prize for keiki age 7 to 12 of a $200 Budget Share Certificate and Harry Potter DVD Set was won by Fiona Fronda of Kona

* The grand prize of a $200 Budget Share Certificate and iTunes Gift Card for teens 13 to 18 was won by Kealohi Matthey of Kohala.

Hawaii Community Federal Credit Union has been serving its members for 72 years. It is a not-for-profit credit union, wholly owned by its 36,000 -plus members. 

In addition to complete checking and savings services, Hawaii Community Federal Credit Union offers credit cards, auto, mortgage, construction, small business, educational and personal loans; investment services; money-saving programs and more. 

It sponsors Student Credit Unions at Kealakehe, Kohala and Konawaena high schools and supports numerous Island of Hawaii programs and events. Membership in Hawaii Community Federal Credit Union is open to all island residents. 

— Find out more:

Hawaii Community Federal Credit Union: www.hicommfcu.com

 

Smokey Bear is joined by Mackenzie Matsuyama, Kainoa Lightfoot, Taylor Lightfoot, Emma Lightfoot, Caleb Lightfoot, and Akela Kaniho in checking out a fire truck. (Photo courtesy of Hawaii Community Federal Credit Union)

Smokey Bear is joined by Mackenzie Matsuyama, Kainoa Lightfoot, Taylor Lightfoot, Emma Lightfoot, Caleb Lightfoot, and Akela Kaniho in checking out a fire truck. (Photo courtesy of Hawaii Community Federal Credit Union)

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