Disclosure: This post is sponsored by Make Your Money Matter, in association with PSCU, though all views expressed are my own.
A personal story:
When I was around 7 years old I was given a 10 year Savings Bond. These bonds were often given out as Christmas Gifts in our family. This was my first time EVER receiving one. When I first opened the gift I had no idea what a “savings bond” was, but to see the amount of 50 dollars flash before my eyes, now that, was cool, in the eyes of a 7 year old.
However, one thing I didn’t know is that it had to go to the bank (credit union) and stay there for 10 years. During those years, interest would collect on the Savings Bond, and I’d get back more of an investment. To a child, 10 years seemed like a lifetime. For an adult, 10 years and it meant a world of difference.
So soon, my father took me to his local credit union and we opened my first savings account together. The first thing we did was deposit that 50 dollar Savings Bond, and then when I began to receive my weekly allowance I would soon be adding money into my new account. This taught me responsibility when it came to be money. Although I didn’t necessarily like it, it was the right thing to teach me.
Now, as an adult, when I look back at this experience, I truly understand the difference in a Credit Union compared to a regular bank. I know, with my local credit union, that I will get money back from whatever I put in. I saw it in my savings account, and the interest from my money each week. It went up faster opposed to a regular bank.
I knew..
To this day, if anyone were to come up to me and ask what they should do with their money. KEEP in mind, I have no expertise, but I would refer them to a credit union over a bank anyway because I have seen the difference, and the results and know my money matters at a local credit union.
“Make Your Money Matter” (www.makeyourmoneymatter.org) is a grassroots campaign introduced by eight credit unions from across the country and PSCU that aims to educate a new generation of consumers about the wealth of benefits credit unions provide over big banks.
Disclosure: This post is sponsored by Make Your Money Matter, in association with PSCU, though all views expressed are my own.
