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Entries in Youth Accounts (3)

Thursday
May142015

SCCU Membership Benefits You May Not Know About

 

Star Choice Credit Union provides personal financial care to its loyal members and community partners. We are a not-for-profit credit union that emphasizes building personal and genuine relationships and helping our members get the most out of their finances. Continue reading for some servies and benefits that even the longest Star Choice Credit Union members may not know about.



Free ATM Network

On the go and in need of cash? You should be able to have quick access to your own cash, and with a Star Choice Credit Union checking account, you can easily take advantage of a free ATM network service through the MoneyPass Network. Simply pull up our Mobile App and click "Search Surcharge Free ATMs" for an instant list of ATMs closest to you. After all, what is convenience if it isn't being able to access your money 24 hours a day, 7 days a week?


Youth Savings Accounts

Help your kids develop a Strong Financial Future by opening up a savings account. We have a few different accounts that are suitable for children of all ages. They offer valuable benefits that include, but are certainly not limited to providing special incentives for deposits made by children, special gifts when a youth account is opened, a low minimum balance, and no fees. Plus, during the month of June, we will match your initial deposit into a new Youth Account, up to $50! Opening a Youth Savings Account will help your child develop healthy financial habits at a young age, and it will help you in the long run as they save for their first car or budget for college.


Free Checking and Direct Deposit

Star Choice Credit Union offers free checking accounts as well as direct deposit, meaning that on payday, your money is right where it should be, in your account! No driving, no waiting in line, no hassle. You can withdraw cash at an ATM, transfer money and make payments online instantly. Setting up Direct Deposit is easy, just contact us and request a Direct Deposit form to be sent to you!

 

 

Mobile App

Where ever you go, we go. Access your account on the go - all you have to do is pull your mobile device out of your purse or pocket! 

Our free Mobile App, Choice Mobile with Choice Deposit, allows you to perform everyday transactions on your Mobile Device. You can access your account balances, transfer funds, make loan payments, and even deposit checks by simply snapping a picture. How's that for convenience? 

 

Save with Sprint

Star Choice Credit Union is pleased to offer monthly wireless discounts to our members with the Sprint Credit Union Member Discount. If you’re already enjoying the savings from this Invest in America program we want to make sure you can continue to do so. Periodically, Sprint needs participants to verify eligibility so they can receive the discount and waived activation fees. If you’re planning on signing up for the Sprint Credit Union Member Discount, you’ll need to verify eligibility as well.

 

New Sprint Customers: You need to verify membership within 30 days of activation.

Current Sprint Customers: You need to provide proof of discount eligibility (credit union membership) when you upgrade your device if it has been 20 or more months since you were last validated.

The verification process is easy and only takes few minutes to complete. Find the verification form here, or learn more about the Sprint Credit Union Member Discount at LoveMyCreditUnion.org/Sprint.

 

Monday
Jun032013

Our Youth Account Promotion Is Back

It's that time of year again, school is out for the summer and our annual Youth Account Promotion is in full effect!

Throughout the month of June, we will match your initial deposit when you open a Lil’ Star Kids Club or Rockstar Savings Account, up to $50! There is no better time to jumpstart your child’s or grandchild’s savings account and get them on their way to building a strong financial future.

Wondering what our Youth Accounts entail? Here is a brief recap for you:

Lil’ Star Kids Club

The Lil’ Star Kids Club is specifically designed for children ages 0-12. By being a member of Star Choice’s Lil’ Star Kids Club, your child will gain access to educational opportunities to teach them about the importance of saving.

 Lil’ Star Kids Club members will receive:

  • Double the initial deposit up to $50
  • A Stuffed Pully Pig with Pop Rocks® Candy
  • A Lil' Oinker Savings Pig
  • Deposit Round Up (When your child or children bring in a deposit, we’ll round it up to the next dollar!)

Rockstar Savings Account

The Rockstar Savings Account is designed for teenagers ages 13-17. This account will start teaching them the importance of saving and being responsible with their spending habits.

Rockstar Savings Account members will receive:

  • The option of doubling the initial deposit up to $50 (or a $25 iTunes gift card)
  • Visa® debit/credit card (with parent authorization)
  • A Stuffed Pully Pig and Pop Rocks® Candy
  • Deposit Round Up (When your child or children bring in a deposit, we’ll round it up to the next dollar!)

If you would like to take advantage of this great offer, apply online, give us a call at 952-698-SCCU(7228), or stop by either of our branches and one of our Financial Service Representatives will be more than happy to assist you.

Tuesday
May222012

...Wondering When to Start Saving?

According to CNN Money, you should start saving for retirement as soon as you can. (I know, shocking right? I probably didn't need CNN to back me up on that.)

I recently read an article that showed what a big difference it can make when you start saving in your 20's.

 

Here's an example of what a big difference starting young can make. Say you start at age 25, and put aside $3,000 a year in a tax-deferred retirement account for 10 years - and then you stop saving - completely. By the time you reach 65, your $30,000 investment will have grown to more than $472,000, (assuming an 8% annual return), even though you didn't contribute a dime beyond age 35.

Now let's say you put off saving until you turn 35, and then save $3,000 a year for 30 years. By the time you reach 65, you will have set aside $90,000 of your own money, but it will grow to only about $367,000, assuming the same 8% annual return. That's a huge difference.

Read the full article here.

 

Just some food for thought! If you start pinching pennies a little here and there it will pay off big time with little effort down the road.

Right now we have a great promotion going on with our youth accounts. If you have children or grandchildren, open them up an account and we will match your initial deposit up to $50. A quick and easy way to jumpstart their savings, whether it be for a vacation, college, a home, or retirement!

Visit our website for more details.