SLFCU is committed to partnering with parents as they teach their kids the fundamentals and benefits of creating and maintaining a savings account. Have you heard of SLFCU’s saving program that teaches kids how to save for their future while letting them collect prizes for participating?
The goal of SLFCU’s Savings Laboratory® is to teach the importance of developing good savings habits early by giving kids the opportunity to earn cool prizes as they grow their savings account. Our program has recently been updated to honor this mission to help children learn more about money and encourage good savings habits. When young SLFCU members visit a branch to make a deposit, they personally experience the banking process and learn the benefits of being a super saver.
As of May 3, the following updates will apply to the SLFCU Savings Laboratory:
- Participation in the program will be limited to members between the ages of 3 and 12.
- Members can collect one sticker per day, with a maximum of four stickers per month per account.
- Child must be present in order to redeem their notebook for a prize.
To help members keep track under the new program rules, SLFCU will give out new prize notebooks starting May 3, 2021. The “old” green notebooks can be redeemed through October 31, 2021 only. As of November 1, 2021, only “new” purple notebooks can be redeemed at SLFCU branches.
Join in on the excitement of the SLFCU Savings Laboratory! Open a minor account for your child at any of our branches or at slfcu.org/SavingsLaboratory to learn more about this great program!
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