It’s Time to Celebrate
Kids, Tweens
& Teens Week!
It’s Time to Celebrate
Kids, Tweens & Teens Week!
We’re Sea-rious about saving.
Did you know that children develop critical financial skills and habits by the time they turn seven?
That’s why we offer fun activities, giveaways and more for Kids, Tweens & Teens Week to help kids learn about the importance of saving.*
*While supplies last.
Build Your Savings!
Sun, Surf & Savings
April 22-26
Sun, Surf & Savings
April 22-26
Is Your Teen Ready to Dive In?
Basic Checking1 is a great introductory checking account for teens aged 13-17. If they’re ready to take the next step to financial independence, this is an account designed for them.
Top Ten Basic Checking features:
- No overdraft fees.
- No Non-Sufficient Funds fees.
- No minimum balance requirements, and no monthly maintenance fee.
- Unlike other Youth or Student Checking accounts offered by banks that have an age limit, SESLOC’s Basic Checking is available for all ages. That means your teen won’t be charged a monthly maintenance fee when they “age out.” (Our HomeFREE Checking™ is also for all ages).
- Monitor account activity (like if the balance falls below a certain amount) with helpful Online Banking alerts.
- The SESLOC Mobile App can help them learn how to manage money wisely – anytime, anywhere.
- The debit card is compatible with digital wallets for contactless payments.
- Does your older teen have an afterschool job? If they enroll in direct deposit, they can get early access to their paycheck funds.2
- Mobile Check Deposit funds are available in minutes.
- Parents/legal guardians can also set up transfers from their account to their teen’s through Online Banking.
Get Off to a Sunny Start
We’ll waive the $5 membership fee for youth under age 18 when they open a savings account at any branch.
To open a savings account, the youth will need to know their Tax ID Number and be accompanied by a parent or legal guardian with government-issued identification (if applying with an ITIN, you will also need your Letter of Issuance from the Department of the Treasury Internal Revenue Service). You will also need a minimum $5 deposit to open the savings. Please note that youth accounts cannot be opened online.
For Kids:
Grab this Youth Activity & Coloring Book: Let’s Go to the Credit Union
For Teens:
Build a budget & set savings goals
For Parents:
FREE WEBINAR:
Raising Financially Strong Kids
Wednesday, April 24 | 12:00 p.m.
This webinar will guide parents with kids at different stages, from young children to emerging adults, through the different aspects of money management.
Youth Agriculture Loans help students compete.
Whether your teen is raising an animal for a club or school project, we’ve got special financing to help you focus on that blue ribbon
Raise money smart kids with these fun activities:
- Biz Kids — Explore concepts about money and starting a business with interactive games and lesson plans to accompany clips from the PBS show.
- Hit the Road: A Financial Adventure Game — MyCreditUnion.gov presents an interactive budgeting game.
- Determining How Down Payments Affect Loans — Do you have a teen planning on buying their first car sometime in the near future? This resource from ConsumerFinanceBureau.gov teaches teens about the impact of a down payment on a loan.
- Try a budgeting activity — Print a Budgeting Worksheet, give your teen a monthly income, and have them work through their budget. How would things change if they needed to save more money? What if their housing payment went up? What would they do if their income increased or decreased?
DISCLOSURES
1. Basic Checking is not eligible for Courtesy Pay Service or SESLOC Rewards Program for debit cards. Basic Checking incurs a $2.00 monthly fee for paper statements. Refer to the Basic Checking Truth in Savings Disclosure for more information.
2. Early access to direct deposit funds subject to employer and/or payer terms and conditions. SESLOC Credit Union (“Credit Union”) generally makes these funds available on the day the payment file is received, which may be up to one (1) day earlier than the scheduled payment date. The Credit Union cannot guarantee early access of a direct deposit payment. Other exceptions may apply.
More resources for parents and kids
Financial Planning Issues for New Parents
As you prepare for life with your new child, it’s time to prepare a new financial plan for your family or make any necessary changes to your existing plan. You’ll want to consider how your baby will affect your budget, make sure you have adequate insurance, protect your child’s future with a well-thought-out estate plan, and determine how having a child will affect your income taxes.
![Fun Online Tools to Teach Kids about Money [Includes Printable Downloads]](https://www.sesloc.org/wp-content/uploads/2021/11/Blog-Headers-Collection-2-7-1-1-400x250.png)
Fun Online Tools to Teach Kids about Money [Includes Printable Downloads]
Financial education is important, and it’s never too early to start. At SESLOC, we make learning fun with activities to help your kids learn the value of money and the importance of growing their savings. Help them develop habits now for a lifetime of financial wellness.
5 Ways to Teach Your Kids Financial Health Habits
When should you start teaching your kids about money? Early — because the skills and habits they learn now can have a tremendous impact down the road.
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Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. government. National Credit Union Administration, a U.S. government agency.
