A Dino-tastic Month of Savings and Education with Redwood CU

Santa Rosa, Calif. – Redwood Credit Union (RCU) is celebrating Credit Union Youth Month in April with giveaways and two contests that promote good savings habits for children and teenagers. Initiated by the Credit Union National Association (CUNA), credit unions all over the United States are focused on the youngest members during the month of April with a massively fun dinosaur theme: Be a credit union saver and your savings will never go extinct.

Jr. Rangers (RCU members ages 12 and under) are invited to participate in a coloring contest that features RCU’s mascot, Reddy the Redwood. Twenty-five winners will be selected to receive $100.

Jr. Partners (RCU members ages 13-17) are invited to show how they imagine their futures through song, dance, video, drawing, essay, or another creative way. Five winners will be selected to receive $250.

Credit Union Youth Month contest rules and a downloadable coloring sheet are available at redwoodcu.org/youth.

“We love encouraging our young members to learn about financial wellness as early as possible,” said Rene Meza, Santa Rosa North Dutton branch experience manager.

And learn, they do. Nine-year-old Bodhi, official Jr. Ranger member and RCU junior consultant, sends ideas to the RCU team several times a year. Recently, he suggested this savings technique: “Here is my idea how kids can save money: If you want to buy an item, research which local store has the lowest price for the item you want.”

As part of the Jr. Ranger and Jr. Partner program, young members receive dividends on the funds they save (on balances of $10 or more), a quarterly newsletter with money tips, online banking, and access to an educational website with games and articles that teach about money. They also get free gifts at $100 (Jr. Ranger) and $250 (Jr. Partner) savings milestones.

Because RCU is committed to more than just financial wellness, the credit union produced several videos designed to help young people, and their support networks, understand their emotions to help them make good choices and communicate well with others. Those videos can be found at redwoodcu.org/studentwellnessresources.

Founded in 1950, Redwood Credit Union is a full-service financial institution providing personal and business banking to consumers and businesses in the North Bay and San Francisco. RCU offers complete financial services including checking and savings accounts, auto and home loans, credit cards, online and mobile banking, business services, commercial and SBA lending, and more. Wealth management and investment services are available through CUSO Financial Services L.P., and insurance and autopurchasing services are also offered through RCU Services Group (RCU’s wholly owned subsidiary). RCU has more than $6.7 billion in assets and serves more than 385,000 members with full-service branches from San Francisco to Ukiah. For more information, call 1 (800) 479-7928, visit redwoodcu.org, or follow RCU on Facebook, Instagram, Twitter, and LinkedIn for news and updates.