Lurgan Credit Union, together with credit unions across the island, will this week celebrate National Credit Union GR8 Savers week. The initiative, which runs from the 9th – 15th May, aims to help young people to develop a smart relationship with money and highlights the importance of developing a savings habit. Lurgan credit union is also underlying the important role that parents can play in assisting children to develop smart money habits.
The theme of GR8 Savers week this year is to encourage children to become savings superhero’s. Children will be shown how the superpower of savings can help them to get things what they want, both now and in the future. Of course like any superpower, if it’s not used on a regular basis, the effects can wear off!
The benefits of supporting and encouraging our young savers are both immediate and long term. In the short term, children will develop strong savings habits, learn how to make smart purchases and learn why they can’t immediately get everything they want. In the long term, we can help them avoid getting into debt. By teaching the value of savings for the future, we can put them on the road to financial security.
Lurgan Credit Union also run a primary schools savings scheme. We visit several of the local schools every week to encourage students to save.
Click on own page to find out more information on how to open an account for a minor http://lurgancu.com/how-to-join-minor-accounts/