ASI FCU Recognizes Youth Savings Month, Encourages Parents to Have the Financial Talk Early and Often
According to the 2016 National Report Card on Adult Financial Literacy, Louisiana is one of the least financially literate states in the U.S.
"There is a great need in our community for financial education as many individuals lack the understanding to successfully navigate our complex financial system," stated Sonya Jarvis, President and CEO of ASI FCU. "The earlier and more often we reach youth and teach them the importance of saving and making financially sound decisions, the more likely we break down the barrier to economic and social empowerment".
Throughout the month of April, Credit Unions across the country recognized Youth Savings Month.
ASI FCU understands that every saver is unique, but most people who save regularly developed the habit early in life. Learning to delay gratification and save for long-term goals is a crucial life skill that ASI is committed to helping our youngest members develop. To this end, ASI has created products and services designed specifically to start youth on the right track to success including minor savings accounts, student checking, and access to financial education through our counseling team.
To further encourage youth saving during the month of April, members entered a raffle where four young savers received gift cards to Toys R Us.
Jarvis mentions, "ASI strives on providing financial education and being a primary financial institution for our members. That is why we devote our efforts to providing the right products and services at the right time, to help individuals in our community prosper".