Unity Catholic Federal Credit Union Wins State Award for Youth Financial Education Efforts
Unity Catholic Federal Credit Union was recently recognized for its efforts in financial education of its younger members.
Take a look at our NEW, newsletter geared just for you. Chatterbox Cha-Ching will always give you the winners of prizes and fun new things that Student Savers is doing at your school. We will publish the newsletter two times a year to keep you up-to-date.
Click hear to read Chatterbox Cha-Ching - May 2010
If you have questions you can email us at chatterbox@unitycatholiccu.org

Unity Catholic CENTipedes (up to 12 years old)
Younger credit union members can gain insight into financial responsibility with our CENTipede Club.
All members of this club can attend a variety of special events sponsored by the credit union throughout the year. When an account is opened, the CENTipede Club member will receive a starter Piggy Bank
Our unique Student Savers program encourages school-age members to save by having their own Savings Account. One day each week, a Student Savers Representative from Unity Catholic FCU will be at school to accept savings deposits. Please check with your school to find out the scheduled day and time.
Currently, the schools that participate in the Student Savers program are:
|
Date of the Week
|
School
|
Time
|
|
Monday
|
St. Charles Borromeo
|
8:00 a.m.
|
| Lakewood Catholic Academy | 7:50 a.m. | |
|
Tuesday
|
St. Ambrose
|
7:15 a.m.
|
|
|
St. Bridget
|
8:15 a.m.
|
|
|
St. Mary – Wooster
|
8:30 a.m.
|
|
Wednesday
|
St. Angela Merici
|
7:30 a.m.
|
|
|
St. Thomas More
|
7:55 a.m.
|
|
Thursday
|
St. Leo the Great
|
7:30 a.m.
|
|
|
West Park Catholic Academy
|
7:30 a.m.
|
|
Friday
|
Sts. Joseph & John
|
7:15 a.m.
|
|
|
St. Anthony of Padua
|
7:45 a.m.
|
If you do not see your child’s school listed above, please call the credit union and talk to our Student Savers Representative about a possible program at your school.
Our Student Savers program is for school-age children and young adults through the eighth grade. Nearly 1,000 local youth are involved, each developing good saving habits by having his or her own savings account and making regular deposits. Students enjoy this program that is full of surprises, special events, and a good financial foundation.
One day each week, a Student Savers Representative from the credit union visits participating schools to accept deposits from student savers. Each school has a designated day, so students may plan ahead to make deposits to their Savings Accounts. Although deposits are accepted at the school as well as at any credit union branch, withdrawals must be made in person at any credit union branch.
Like our regular Share Savings Accounts, Student Savers accounts have no service fees, can be opened with as little as $5, and pay dividends.
We know that young people are motivated by rewards. That’s why we offer age-appropriate incentives for saving. From stickers to pizza parties, surprises and gifts encourage regular deposits by our Student Savers!
Starting in 2009, Unity Catholic has formalized their scholarship program. The scholarship program is in remembrance of James E. Flynn. James E. Flynn was a Board member of Unity Catholic Federal Credit Union from 2002 to 2007 and Principal of St. Charles School from 1998 to 2007. He was the founder of the credit union’s school banking program now call the Student Savers Program.
SCHOLARSHIP FUNDS:
$7000 Annually
SCHOLARSHIPS AWARDED:
Four (4) Elementary Scholarships (for students entering Kindergarten thought 8th grade) at $500 each for a total of $2000
Five (5) High School Scholarships (for students entering 9th through 12th Grade) at $1000 each for at total of $5000
HOW THE SCHOLARSHIP IS AWARDED:
The scholarships awarded will be by a drawing. Winners must meet the qualifications below. Winners will be chosen by the Board of Directors at the regular monthly meeting in April of each year. All funds will be paid directly to the school listed on the application, on behalf of the child.
QUALIFICATIONS:
All applicants must be a member of the Unity Catholic Federal Credit Union
All applicants must be attending a Catholic school (Kindergarten – 12th grade)
All applicants must fill out a separate scholarship application form.
OTHER INFORMATION:
The application deadline is April 1 of each year.
On April 24, 2010, the independent auditing company Lilly & Associates pulled the winners of the James E. Flynn Memorial Scholarship for the 2010-2011 school year. We received over 850 applications. The winners are chosen by random selection.
Congratulations to all our winners!