A good idea for a 2010 New Year's Resolution is to pledge to, as Sammy Rabbit says, "From every dollar, save a dime." If you get in the habit of saving a dime from every dollar you receive you will be surprised at how much you will save! Here are a few easy Goal Setting Steps to follow:

1. Tell your parents about your plan
2. Set a goal for how much you want to save this year.
3. Write down your savings goal and put it where you can see it. We’ve created a goal sheet that you can print out or you can create your own. Click here to view and print yours now!
4. Pay yourself first-set aside the 10% or more you want to save as soon as you get money in, before you spend on anything else.
5. If you pass your goal, set another one. This is exactly how Olympic champion swimmer Michael Phelps sets his goals, and look at what he has accomplished!

To help you reach your goal, your credit union, Pasadena Federal Credit Union, has some exciting tools.
We have a Coinstar™ machine in the lobby of our Pasadena Branch. You can bring in your Coins (no need to wrap them anymore), put them in the machine for free (up to $100 at a day) and it will tell you how much money you have by printing it on a piece of paper. Then you can take it to the teller and she or he will put the money in your PFCU account. And here’s the best part: when you bring in or mail your savings goal certificate for 2010, we’ll put it on the wall in our Kid’s Corner and we will also give you a Sammy Rabbit book and a PFCU piggy bank to help you save even more money! If your parents approve, we can also help you sign up for online banking so you can go online together whenever you'd like to check your account balance.

We can't wait to see you and help you make your 2010 dream come true!

Happy saving!

and your friends at PFCU

Use our Kids Calculator to see how much money you could have in the future if you start saving today.

PFCU's Kids Clubs are designed especially for members ages newborn through their 18th birthday. The Clubs will help kids learn good savings habits and money management skills, and have fun in the process.

Sammy’s Pals
Newborn to age 6

Smart Savers Club
Ages 7 to 12

Hey Teens! Coming Soon: A re-vamped Prodigy Club designed just for you. Check back for details!
Ages 13 through 18th birthday

Sammy’s Pals and Smart Savers Club members receive Piggy Banks for telling us their 2010 savings goal. Sammy’s Pals will also receive a copy of It’s A Habit, Sammy Rabbit or Sammy’s Big Dream. Smart Savers also receive a PFCU calculator.

Prodigy Club will focus on teaching effective use of financial services and products. We start with A Teen's Guide to Money. A special Prodigy Checking Account is designed for members 16-18.

If your child is a PFCU member, they already belong to a Kids Club!

If you want them to join the credit union, a $5 deposit opens their account.

How do they get started?

Please stop by our branch or call us for an application.

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Invest In a Child

PFCU has a variety of options to help plan your child’s future. In addition to our kid’s Club accounts listed above, we also offer Coverdell ESAs.

Coverdell ESAs   

Formerly known as the Education IRA, this special savings program has been revised to offer MORE tax-advantaged education benefits. A non-deductible account, it helps parents and others save for a child’s elementary and secondary school education. Distributions are tax-free and penalty-free if used for qualified education purposes. And, the annual contribution limit is $2,000 per child regardless of the number of contributors. (More than one individual may contribute to the account, i.e., a parent, grandparent, aunt or uncle.)

To arrange for a Coverdell ESA, please stop by our branch or give us a call at (800) 445-PFCU 0r (626) 799-0882.

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