EAST LANSING, MIMSU Federal Credit Union recently teamed up with Michigan State Universitys College of Communication Arts and Sciences Department to create a new financial education app called Savings Magic. Savings Magic is an interactive game where coins fall from the sky and participants can choose whether they want to use their money right away for small rewards, or save their coins for larger goals, such as special skills.
This game is geared toward students between the ages of 5 and 12 and helps to teach kids the difference between saving and spending, which is similar to how MSUFCU rewards their youth account members in this age group. MSUFCU youth members between ages 5 and 12 have Dollar Dog accounts and are rewarded with Dollar Dog coins each time they deposit $10 into their accounts. Youth account members can then purchase items from the Dollar Dog store, available at every MSUFCU branch.
"At MSUFCU, its our mission to provide superior service while assisting members and employees to achieve financial security, their goals, and ultimately, their dreams; and that starts with our youth members. Its important to start kids off on the right financial path so they learn to begin making positive spending and savings habits early," commented, Samantha Amburgey, Senior Vice President of Remote Services. "Savings Magic is an engaging way for students to learn financial skills while having fun at the same time."
MSU Federal Credit Union, the worlds largest university-based credit union, offers a full range of personal- and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide in addition to a variety of select employee groups. Founded in 1937 by a few MSU professors and employees, MSUFCU now has thirteen branches, over 180,000 members, more than $2.5 billion in assets, and over 530 employees.
