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Raising Young Adults

There are a lot of things for parents to worry about. Preparing your child for the responsibilities of adulthood can be challenging. There are so many things to teach –not the least of which are money management skills.

Unfortunately, the statistics on youth financial literacy are alarming.  In a 2006 Personal Financial Literacy Survey of high school seniors by the Jumpstart Coalition found that the average score was 54%. What’s worse is the scores have been declining for more than a decade! Together, we can change that. 

We can provide you with solid money management skills that you can share and reinforce with your children.  We have resources available for your teens and for you that can reinforce good money management skills.

• Our Stash Certificate pays Doggie Dollar rewards for incremental savings.  Doggie Dollars may be redeemed for prizes.
• Googolplex has weekly articles geared toward different age groups about money management.
• And more

Plus, our Member Service Consultants will:

• Encourage your teen to take advantage of savings programs
• Inform your teen about the MyChoice program (Combines financial programs and education, designed for members aged 16-24)
• Provide planning tips that will help avoid fees
• Educate teens about checking management
• Assist with electronic and other access channels
• Provide education on various loans
• Provide coaching about credit management

NRL Federal Credit Union is your Trusted Partner for Life. We offer more than just savings accounts and loans.  We will work with you to come up with solutions to your financial questions throughout your life. Contact us today.

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