COLUMBUS, Ohio (May 15, 2024) - As Telhio Credit Union continues to celebrate its 90th anniversary, the organization proudly supported National Credit Union Youth Month in April, by depositing nearly $17,000 into Youth Savings Accounts.
In addition to highlighting the importance of youth financial education, each branch extended a unique opportunity for Ohio youth to begin their own financial journeys. Throughout April, every time a deposit was made into a new or existing Youth Savings Account, Telhio matched those funds up to $25.
The program was extremely successful and resulted in 780 member accounts being funded in the amount of $16,998.14 by Telhio.
"At Telhio, we emphasize financial education for all our members, including those under the age of 18 years old," said Nick Biratsis, Vice President of Marketing. "We want our members to be with us for a lifetime and those relationships can start at a very young age. By educating and investing in Ohio youth we are ensuring the future is bright for them as well as for Telhio. Financial education has been linked to lower debt levels, higher savings, and higher credit scores as children mature into adulthood."
In addition to the Credit Union Youth Month event, Telhio also
offers its youngest members the opportunity to start saving money through the
Money Mammals Kids Club. Young savings-savvy members can earn cool prizes -
just for saving their money! For every deposit ($5 or more) into their Youth
Savings Account, kids will receive a punch on their Rewards Card* which can be used
to earn a prize. To learn more, visit telhio.org/education/youth.
As Ohio's top SBA (Small Business Administration)
lending credit union, Telhio serves more than 68,000 individuals, families, and
businesses across central and southwestern Ohio with the newest innovative
financial technology, while providing personalized service for each
member. Founded in 1934, and owned and governed by its members, Telhio's
core values of caring, commitment and integrity guide each action and decision
the credit union makes. As we celebrate 90 years, we renew our pledge to
putting people over profit, and thank our members for continued trust and
support.
Telhio offers 12 branching offices in Ohio and nearly
4,000 shared branching locations nationwide. Telhio is open to anyone who
lives, works, worships, or goes to school in central and southwestern Ohio and
participates in the highest level of combined federal and private share savings
insurance available, insuring personal deposit accounts up to $500,000.
(Federally insured by NCUA. Additional coverage up to $250,000 provided
to consumer account holders by Excess Share Insurance Corporation, a licensed
insurance company.)
