TVFCU Invites Children On A Jurassic Journey To Financial Wellness

Monday, April 5, 2021

TVFCU joins credit unions nationwide to celebrate National Credit Union Youth Month throughout April.

"Together, we’re encouraging youth to open their own savings account (with a parent or guardian’s help), begin a habit of putting money into that account regularly and learn how compound interest helps their account to grow," officials said.

The theme for this year’s Youth Month is “Be a Credit Union Saver and Your Savings Will Never Go Extinct.”

"With digital payments increasing, it can be hard for children to understand how financial transactions happen," officials said. "It is important to let them know how digital payments occur and where the money comes from. Explain that parents earn money by working. Then the money earned is used to pay for food, clothes, transportation and housing. After all expenses have been paid, some money is saved for bigger purchases, emergencies and added to the child’s college fund. 

"Lastly, some extra income can be used for fun things like trips and toys. Saving money will never go extinct."

Here are five tips for how to teach children the value of a dollar in today’s digital age in honor of National Credit Union Youth Month. 

1. Use Tangible Money
- Save food packaging and use a play cash register or a cash box to play store. Teach younger children the 
value of the coins and have older children create product prices and tally their purchases. 
- Give children an allowance in exchange for them completing basic chores. 

2. Encourage Saving, Spending and Giving 
- Create spend, save and give jars for children to visually see their allocations. Get creative with these jars. 
Use Mason jars or old plastic jars. Then decorate them with glitter, paint, stickers — whatever you have 
on hand to help your child have ownership in the project. 

3. Talk Early About Money
- Talk to your children about how they might spend their money received from gifts, chores or jobs. 
Encourage them to invest in their future by saving a portion of the funds received and initiate a 
conversation about how they might help others by sharing. This will help them grow into financially 
stable adults. 
- Visit https://www.usmint.gov/learn/kids for videos about how coins are made. The site is filled with 
resources, including videos, games, activities and coloring pages. 

4. Consider Opening a TVFCU Perks Checking Account 
- A great way to teach financial wellness is to practice it. Consider opening a TVFCU Perks checking 
account for youth who are 12 and older. The account will give teens a sense of independence while 
parents will have peace of mind by being able to monitor the account.

5. Lead by Example 
- You are your child’s biggest role model. Be sure to model health financial habits as much as possible. It is important to have “kitchen table money conversations” in front of children.

Follow TVFCU on social media for Fun, Financial Friday Financial Conversation Starters for Families throughout the month of April. 

"This might be a good time to start your child or grandchild on a path to savings," officials said. "Our Youth Savings Account is available for children and youth under 19 years of age. To open an account under the child's name, present a Birth Certificate and Social Security Card at the time of opening. For swift service, consider using the tvfcuLIVE Stream App from the comfort of your home and video chat with a TVFCU personal agent."

For everyone who opens a Youth Savings Account from Thursday, April 1, to Friday, April 30, their name will be entered into a drawing to win one of five $100 cash giveaways. 

Learn more at https://www.tvfcu.com/personal/personal-savings/youth-savings-accounts.html.


SimplyBank Creates Directing Officer Corps With 5 Senior Officers

Chattanooga Chamber Calendar Of Events April 12-16

Thousands Of Georgians Reapplying For UI Benefits Due To End Of Benefit Year


Growth at privately-held, Rhea County-based SimplyBank has organization leaders poised to make significant leaps into new markets and services this year. To help facilitate those expansions, ... (click for more)

April 12, ONLINE: Nokian Tyres: From Finland to Dayton Tennessee noon-1 p.m. This is a joint meeting with AGC, CRMA, Chattanooga Area Chamber's International Business Council and green|spaces. ... (click for more)

Although businesses are starting to return to full capacity as more individuals receive vaccinations, many Georgians are still out of work due to the pandemic. Last year at this time, almost ... (click for more)



Business

SimplyBank Creates Directing Officer Corps With 5 Senior Officers

Growth at privately-held, Rhea County-based SimplyBank has organization leaders poised to make significant leaps into new markets and services this year. To help facilitate those expansions, SimplyBank’s executive leadership elevated five existing senior officers to a newly-created directing officer corps this spring. The senior officers are Anthony Lastoria, Candace Colvard, ... (click for more)

Chattanooga Chamber Calendar Of Events April 12-16

April 12, ONLINE: Nokian Tyres: From Finland to Dayton Tennessee noon-1 p.m. This is a joint meeting with AGC, CRMA, Chattanooga Area Chamber's International Business Council and green|spaces. Nokian Tyres opened its Dayton, Tennessee production factory in 2019 after breaking ground two years prior. The Dayton Factory is one of the most high-tech, eco-friendly tire production ... (click for more)

Breaking News

Hamilton County Has No New COVID Deaths, 58 New Cases

Hamilton County had 58 new coronavirus cases on Saturday, bringing the total to 43,100. There have been no more deaths from the virus, and the total remains at 480 in the county. Tennessee will report the state's new cases and deaths on Monday. (click for more)

Dequan Fuqua Gets 27-Month Federal Prison Term For Having Gun After Indictment For Attempted Murder

A Chattanooga man who was one of three men charged in connection with a July 4, 2016, shooting that left 31-year-old Natasha Jones with critical injuries has been sentenced to serve 27 months in federal prison on a gun charge. Dequan Kentrel Fuqua, 23, appeared before Judge Curtis Collier. Fuqua had been arrested by federal agents on a charge of possessing a firearm while ... (click for more)

Opinion

The Migrant Children Should Be Welcomed With Open Arms

My greatest concern for the migrant children is they don't be mistreated or abused. Being separated from their families must be traumatic enough. They don't deserve the added trauma of being mistreated and abused. They should be welcomed with open arms. Don't worry about our own precious children. They'll get to be exposed to another language, another culture. Children ... (click for more)

Roy Exum: A ‘Full Throttle’ Finish

Alabama football coach Bear Bryant had a pre-game ritual where just before a game, he’d take his quarterbacks on a short walk around the courthouse square in whatever town the Tide was playing. Bryant wouldn’t say much, and the players wouldn’t say a word unless they were called on. The first time Joe Namath took the fabled walk, he purposefully trailed Coach by a step or two. Bryant ... (click for more)