Press Release March 18rd, 2010
Children's Miracle Network Receives Support from St. Louis Chapter of Credit Unions
This April Children's Miracle Network (CMN) will benefit from the Youth Month activities of four credit unions active in the St. Louis Chapter of Credit Unions. 1st Financial Federal Credit Union, Alliance Credit Union, Electro Savings Credit Union and Vantage Credit Union will all donate $5 to CMN for every new youth account opened at the credit unions during April.
Each year during the month of April credit unions across the country spotlight their efforts to help parents and schools educate young people on the importance of saving and learning how to spend responsibly. "It's so important to teach our kids how to spend, save, and manage their own money", says Michelle Rosner with 1st Financial Federal Credit Union. "We have adults come into the credit union all the time that have financial difficulties because they were never taught the basics of managing their money when they were young," continues Rosner.
"We came up with the idea of combining our Credit Union Youth Month efforts with a benefit for CMN through our involvement in the St. Louis Chapter of Credit Unions", explains Lisa Farnen with Electro Savings Credit Union. The St. Louis Chapter of Credit Unions is a not-for-profit organization composed of area credit unions working together to promote the credit union philosophy of "people helping people" through financial education events, as well as collaborative involvement in charitable causes. "We saw Credit Union Youth Month as a perfect fit to put a slightly different spin on the credit union philosophy of ‘people helping people'. We just took this philosophy one step further turning it into ‘kids helping kids' during Credit Union Youth Month" adds Farnen.
Lisa Farnen (Electro Savings), Josh Purler (Alliance), Michelle Rosner (1st Financial Federal), Christy Armstrong (CMN Ambassador Parent), Christopher Armstrong (CMN Ambassador), Bernetta Campbell (Vantage) and Maria Langston (CMN)
In addition to holding their own specific Credit Union Youth Month activities at each of the four credit unions, each credit union is also participating in the National Youth Savings Challenge that takes place during the month of April. The National Youth Savings Challenge, sponsored by the Credit Union National Association (CUNA) encourages current credit union members age 18 and younger to make deposits into their savings accounts and youth that are not yet credit union members to begin saving at a credit union. CUNA awards ten $100 cash prizes to youth that make deposits at participating credit unions during April.
For more information on specific Credit Union Youth Month activities at each credit union, call or visit their web sites.
1st Financial Federal Credit Union • (800) 288-7618 • www.1stFinancialFCU.org
Alliance Credit Union • (800) 541-6131 • www.AllianceCU.com
Electro Savings Credit Union • (800) 844-8313 • www.ElectroSavings.com
Vantage Credit Union • (800) 522-6009 • www.vcu.com