The students were given a membership goal to achieve in order to promote the importance of saving at a young age and to remind everyone that, no matter the amount, every penny counts when it comes to making consistent deposits into a savings account.
The Redstreaks Student-Run Credit Union at Jasper Elementary School opened 108 new accounts, with 2,257 deposits totaling $13,215.41! The school reached their goal in the spring, but with complications due to the COVID-19 pandemic, Atomic was just now able to present them with their check.
There are many benefits to having a student-run savings account, including: Triple interest (.35% Annual Percentage Rate) until the age of 20, no fees, scholarship eligibility and no minimum deposit requirements.
Atomic Credit Union is a third-year recipient of Forbes Magazine Best-in-State Credit Union. We serve over 54,000 members at 13 branch locations in Southern Ohio and operate a total of 50 student-run credit union branches in local area schools. In addition to brick and mortar branches, you have 24/7 access to your account through the Mobile App and Digital Banking. Atomic Credit Union is federally insured by NCUA. Equal Housing Opportunity Lender.
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