Savings Laboratory for Kids Age 12 and Under
The SLFCU Savings Laboratory is a fun way to get kids excited about saving. Learn about setting and reaching savings goals with the help of Doctor Dollar, Professor Cash, and Sandy the Lab. Young members age 12 and under can watch their savings grow as they work toward earning prizes. The program is open to SLFCU's young members with their own primary savings account (custodial accounts are not eligible).
Here’s how to get started:
Stop by any branch or call 505.293.0500 or 800.947.5328 to request a Savings Laboratory notebook.
Make a deposit to receive a sticker. Kids earn one sticker for their Savings Laboratory notebook when they deposit $5 or more into their primary share savings account (limit one per day). Kids opening their first SLFCU account receive a bonus sticker to help jumpstart their saving.
Redeem notebooks with 10 or 20 stickers at any SLFCU branch, or request a postage-paid envelope to return them by mail. Make sure to note the child’s name, address, and selected prize.
After collecting 10 stickers, kids can choose to redeem them for one of the following prizes:
- A $10 gift card to Barnes & Noble
- A $10 gift card to the New Mexico Museum of Natural History & Science
Or kids can wait, collect 20 stickers, and redeem them all for one of the following, bigger prizes:
- Two Regal movie tickets
- A $25 gift card to Barnes & Noble
SLFCU also has additional tools and resources to help teach kids about money. Read articles on topics like allowance and budgeting, and learn how to help your kids save $1,000 by the age of 18.
It’s important to keep your Savings Laboratory notebook somewhere safe, just like you would cash. Since filled notebooks are redeemed for prizes with a monetary value, if they are lost SLFCU cannot reissue stickers.
Program participation is restricted to members ages 12 and under. Deposit must be made to a primary share savings account (not a custodial account). Share Savings 0.20% APY as of 2/24/2017. Not responsible for lost or stolen notebooks. Notebooks completed with 10 or 20 stickers may be redeemed for one prize available for the corresponding level. Prizes may be subject to availability. Notebooks may be redeemed at any branch location during regular branch hours or mailed to P.O. Box 23040, Albuquerque, NM 87192, Attn: Marketing. Not valid in exchange for cash or cash equivalent. Notebooks and stickers are void if copied, sold, or purchased. Notebook must be surrendered at time of redemption. Redemption of completed notebooks may be refused due to program abuse, as determined by SLFCU in its sole discretion. SLFCU reserves the right to discontinue this program at any time.