Parent Resource Center
Welcome to Our Parents’ and Children’s Page
We hope our parents, grandparents, and/or guardians find this page useful and inspiring in guiding your children to financial freedom and can refer to it regularly for knowledge, ideas, and more!
This page is new, and we hope with input from parents and even children, it will change and develop into a much-used resource.
If you have any suggestions or recommendations, please contact cindy.tong@audubonfcu.net. We’d appreciate your help in making us better!
The big news for the 2023/2024 school year is our partnership with Junior Achievement in adopting Newton Parrish Elementary School to provide their JA Programs during this school year and any resources and help AFCU and our staff can offer. To be able to instill in children the excitement of learning and being part of setting a strong foundation toward financial strength and more is a wonderful opportunity! We also hope to be a wonderful resource for the teachers of Newton Parrish. Credit unions are so much more than you may assume.
PragerU
Helping Young People Take Charge of Their Financial Futures
Biz Kid$ excites the next generation of credit union members about their financial future through lessons in entrepreneurship, investments, money management, and more.
The program includes an Emmy award-winning television series, a free classroom curriculum, outreach activities, and a website targeting kids 9 – 16 years old.
Meet the Money Monsters!
The Money Monsters are a group of creatures who are new to our universe. That means they need to learn about many important things like school, friendship, and financial literacy.
Financial literacy is when you have the knowledge and skills to make money choices that are right for you. These Money Monster stories introduce you to ideas, habits, and activities that you’ll need as you grow up and start to manage your own money.
Youth Account Information
Youth Accounts are more than just savings; they are your child’s first steps to learning about money management and more! Give your children or grandchildren a strong financial foundation with saving, checking, and, yes, loan options.
· AFCU Kids ages 0 to 10: Learn the difference between wants & needs. About saving for something short term and long term. And how to manage that money with statements.
· Learn and Earn ages 11 to 14: Continue learning about wants and needs and money management. And if they have $100 saved, they can now learn about compound interest with their first 12-month Share Certificate*.
· Responsibility and Credit: Ages 15 and up. Once they take on the responsibility of a job, it’s time to open a Checking Account and all that comes with it, such as a debit card and online banking to really keep an eye on their hard-earned money!
Their next step will be understanding they will have a credit history to build responsibly. That 2nd step involves you; you have the option once they are 17 to add them to a loan you currently have with us. (The best option here is if you have taken out a loan on a vehicle for them, add them to it!) While they will not technically be responsible for the loan, it will build their credit as they make payments on time.
Their 3rd step when turning 18 is a Credit Builder Loan (also referred to as the Set It and Forget It Loan.) This is a great loan for building their credit! And lastly will be their first credit card with a reasonable limit of $500.
They, at this point, will have 3 types of loans! Creating an excellent credit score!
*This Share Certificate is only available to AFCU Youth. Once they become 18, the Certificate must have a minimum balance of $500. It will earn the interest rate of the standard 12-month Share Certificate. If the Youth Certificate does not have a minimum balance of $500, it will be closed out and deposited into the Youth Member’s Savings Account.