Eglin Federal Credit Union partnered with Okaloosa Saves for the annual Teach a Child to Save campaign April 1 – June 30. Youth were encouraged to set a savings goal and make a deposit into a savings account at EFCU.
This year there were 114 youth under the age of 18 who participated with deposits totaling $23,335.81. Their names were entered into a random drawing for six children to win a $50 deposit into their EFCU account from Okaloosa Saves. Since the program began in 2004, 2,286 children made deposits totaling $373,439.88.
The six winners are:
- Takiyah Grayson, Valparaiso
- Korben Marshall, Crestview
- Joseph Nehiley, Baker
- Leilani Stephens, Destin
- Jimmy Stewart III, Freeport
- Brayden Waters, Destin
Eglin Federal Credit Union President/CEO Jerry Williams said, “We have partnered with Okaloosa Saves for 19 years to help teach children the importance of saving, and we look forward to this program every summer.”
Sherry Harlow, APR, serves on the Okaloosa Saves Board as the Treasurer and donated $1,000 to help with the Teach a Child to Save campaign. Harlow said, “We look forward to having a positive impact on youth and developing good saving habits for their future.”
Savings tips for parents:
- Talk about the importance of budgeting and saving money
- Visit your local EFCU branch to open a savings account or deposit into an existing account
- Teach the basics of investing
- Encourage them to be entrepreneurs
- Be a role model
