Teach your children well #CUYouthMonth

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Lindsey RichardsonTo kick off National Credit Union Youth Month (April 1-30, 2015), I thought it would be appropriate to start a conversation regarding youth savings programs.  Credit unions across the country participate in various types of youth savings programs, including collaborations with K-12 schools to offer financial education programs, or in-school credit unions that offer students basic savings accounts.  These programs are intended to teach kids the importance of personal financial management, banking operations, and saving for college.  While these programs are a great benefit to the community, there have been some institutions that are hesitant to participate due to uncertainty about legal and regulatory considerations.[Drum roll please…]Enter the Interagency Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Related Frequently Asked Questions, aka your credit union’s guide to incorporating a successful youth savings program.  The NCUA, FinCEN, OCC, FDIC, and Fed came together last month to provide this guidance to financial institutions, which addresses common questions such as:Are there restrictions on minors opening savings accounts? How old must a person be to open a savings account without a parent or guardian serving as the custodian or co-owner on the account?Can a minor with a custodial account be issued an ATM or debit card? continue reading »last_img read more

Read More →

Euro property bond launched

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Read More →

Are High School Sports Worth It?

first_imgRecently I had a conversation with someone who wondered if all the time spent in sports by our current high school students is really worth it.  As soon as school is out this spring, their summer workouts will begin.  The only week that is truly a summer vacation is one week in July designated by the IHSAA as a “no practice” week.  Besides the summer practices some of these young athletes play as many as 50 sporting events during their summer break.  Couple this with the fact that they may be multiple-sport athletes and this number goes up even more.When school starts, they might have 6 a.m. practices besides the afternoon practices or weight lifting.  This person wondered when they ever had time to study.  This is certainly food for thought since many of these youngsters are college prep students.  They also may be without a driver’s license which means a parent or someone has to get them to and from practice.On the other side, they learn to work together and most of them have a lot of fun.  Working together is certainly necessary later in life, they learn to manage their time, and they find a way to overcome the agony of defeat.  Now you have points to argue for or against.last_img read more

Read More →