Hauppauge, NY - Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, has teamed up with the beloved Berenstain Bears to teach children responsible money management and concepts including Save, Share, Spend, Earn. The Berenstain Bears Financial Literacy Program, a youth education and outreach program created in response to the growing need for financial literacy, introduces young members of TFCU to money management in a fun, engaging way. The longtime favorite Berenstain Bears children’s storybook series features the grizzly bear family and their friends and neighbors in everyday situations that children can relate to easily.
Membership in the new TFCU Cub Account youth savings plan requires only a $1 balance to open a new account that offers a special interest rate for those up to the age of 18. Benefits for children ages 10 and under include a Cub Account with membership card, a book, The Berenstain Bears Visit the Credit Union, and a bookmark. Endorsed by the National Credit Union Foundation, The Berenstain Bears Financial Literacy Program meets national standards for financial literacy and champions the credit union philosophy People Helping People.
“TFCU is committed to making a difference in our community through education. Teaming up with The Berenstain Bears Financial Literacy Program makes it possible to be more effective in teaching children how to handle money matters which strengthens and supports the role of parents in guiding their children in understanding the day to day aspects of saving, sharing, spending and earning money,” said Robert G. Allen, TFCU’s President/CEO.
TFCU, with more than 270,000 members and over $5 billion in assets, is committed to adopting the most age-appropriate initiatives for educating children about financial matters. For more information about The Berenstain Bears Financial Literacy Program or becoming a credit union member, call 631-698-7000, ext. 6780 or go to www.teachersfcu.org
Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, is a full-service, not-for-profit financial institution. TFCU was founded on Long Island in 1952 and now has over $5 billion in total assets, serves more than 270,000 members and has 25 full-service branches throughout Long Island including: Amityville, Bay Shore, Brookhaven National Laboratory, Central Islip, Commack, East Northport, Farmingville, Hauppauge, Holbrook, Huntington, Manorville, Merrick, Nesconset, North Babylon, North Massapequa, Oakdale, Patchogue, Port Jefferson Station, Riverhead, Rocky Point, Selden, Shirley, Smithtown, South Setauket, and Wading River. Members also have access to services at more than 5,000 shared service centers located across the country. TFCU offers financial services to all people and businesses located in Nassau and Suffolk counties. More information is available about TFCU by visiting www.teachersfcu.org or by calling (631) 698-7000.