National CU Youth Month: Saving, Part 2

April 20th, 2015

Sharpen Your Savings Skills

Learning to save money takes practice. By saving, you can spend money on what’s important to you—whether that’s a new video game, a trip to the movies, a used car, or even a college education.

Let’s get started:

Elementary school:

- Ask your parents to help you open your own savings account at the credit union. Keep track of how much money you put in and take out. That way you can see how close you are to meeting your savings goal.
– If you’re saving up for something special, like a new bike or toy, hang a picture of it on the wall. This will remind you of your savings goal every day until you reach it.

Middle school:

- Ask your parents if you can plan a family event, like a trip to the zoo or an afternoon at a waterpark. List all the things that will cost money—like tickets, food, and souvenirs. Set a budget, and encourage everyone to stick to it when the big day arrives.
– Make a list of things you want to spend your money on. Put the list in order, starting with the things you want the most. This will help you figure out what you really want to save up for.

High school:

- Consider taking on a part-time job. Earning your own money can help you save for big goals, like car or college expenses.
- Talk to your parents about opening a checking account at the credit union. Learn how to use a debit card responsibly and track transactions. Those skills will come in handy when you leave home. 

Copyright 2015 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

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Online Banking Interruptions…

April 20th, 2015

We are experiencing occasional interruptions in availability with Online Banking and are working towards a resolution.  This alert will be removed when resolution has been established. We apologize for any inconvenience. 

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Check-by-Web Upgrade…

April 17th, 2015

Our check-by-web tool is getting an upgrade! This upgrade brings added features, a new look, and a convenient way to make a payment on a Texas Trust loan from another financial institution account. 

Registration for this improved service is quick and easy. Watch this demo video for a quick overview of how to register and make a payment.

It all begins on April 20th!  On or after April 20th, go to the homepage of TexasTrustCU.org and click on ‘Make a Payment’ located right underneath the login area to register for the upgraded service. 

Please check our Facebook page for updates on the progress of the upgrade.

You can also submit any questions you have to our member service center by clicking here. We look forward to providing this added convenience to you.

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Checking20 Bonuses

April 15th, 2015

Checking20 LogoThe Checking20 account from Texas Trust offers the checking benefits you want and exceeds expectations by giving you the opportunity to earn up to $240 a year by pairing the account with other qualified Texas Trust products.

  • Active Credit Card1                              $2 per month
  • Active Loan2                                         $6 per month
  • Active Mortgage3                                 $12 per month

Plus, reduce your monthly maintenance fee to zero in any number of ways.  Learn more about how to do that here.

1       A Credit Card is considered active and eligible for the bonus if the account is open, in good standing and has been used to perform a transaction.
2       Qualifying Loans include Personal, Vehicle, Boat, RV or Motorcycle loans.  To qualify for the Bonus, the combined active loan origination amount must total $25,000 or more.
3       To qualify for Checking20 Bonus, a member must have an open mortgage greater than $60,000.

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National CU Youth Month: Saving, Part 1

April 8th, 2015

Monkey See, Monkey Do: Teach Them to be Wild About Saving

We’d be “lion” if we said saving was easy. Teach children how to save for their goals and they’ll have one of the most difficult aspects of finance under their belt by the time they’re teens—being consistent savers.

Here are a few ideas to help your cubs get Wild About Saving:

* Have young children—preschool age—sort different types of money into piles by color and size.

* Play store or credit union/bank. Help them use a pretend cash register.

* At the grocery store, let children of all ages help you shop. Teach them how to comparison shop—for example, show them that for every $4.85 box of cereal, there may be similar brands on sale for half as much.

* As children get older, let them know what things cost. Share sales receipts and bills that you receive for items or services you’ve purchased for them.

* If you decide to pay your children an allowance, include them in the decision. Discuss allowance amounts and what they should use their allowance for. The amount is your call, but allow their input. One idea is to have children set aside part of their allowance for spending, part for saving, and part for sharing. Explain what you’ll pay for and what they should be responsible for. For example, when you’re at the movies, maybe you agree to pay for movie ticket, but the Milk Duds are on them.

* As they reach high-school age, clarify what you will pay for and what your teens are responsible for. For example, they may want the newest cellphone that comes with a really high price tag. Establish your spending limit. If they still want the more expensive version, have them make up the difference. Often, once the responsibility of paying for items is on them, the “latest and greatest” aren’t as important.

Get your children started right financially. Bring them in to any branch and get them started on ‘Wild About Saving’!

Copyright 2015 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.
 

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