AUBURN HILLS, Mich. – Genisys CU has implemented FamilyMint’s online budgeting tool for kids.
FamilyMint.com allows kids to learn by managing their own money in a safe, virtual environment. Parents act as the bankers and custodians of the money.
Through a co-branding program, credit union members gain free access to FamilyMint’s Premium version. This includes access to FamilyMint Mobile, and other enhancements that allow parents to automate allowance, add motivating interest payments to kids’ accounts, and lock accounts meant for long-term savings goals.
FamilyMint was developed by Eusebio and Bob Masterson of Rochester Hills, Mich., who, with 14 children between them, had the same frustrations all parents share hassling over allowances, curtailing kids’ desire to spend, and igniting excitement for learning about money.
