Financial Lit Effort Aimed At Teens, Young Adults
Bayer FCU has unveiled a new financial literacy program geared toward teens and young adults called Generationz. Generationz is designed to give young people, ages 12 to 18, the tools they need to obtain financial literacy and become masters of their money. This program awards points for achievements such as: keeping an account in good standing, maintaining a Christmas Club account, carrying a GPA of 3.0 or higher and even for taking financial literacy tests offered by the credit union.
Once the member has obtained enough points, they can trade those points in for gift cards to be redeemed at area merchants. A Generationz account comes with a packet filled with information on various accounts, delivery systems such as: debit cards, on line banking, ATM and tellerphone, and a calculator and account register to keep accounts in order.
The program was rolled out August 1, 2004 and is scheduled to run indefinitely.