Super Money Credit Union
Small kids = Little money = Large future dividends
Small kids = Little money = Large future dividends
Our Members
Mission
To teach our members how money works, where it gets spent, how to save, how to be charitable, how to budget, how to track their money via a check register.
Rules
1. The CEO (Dad) and CFO (Mom) will not pay for store-bought, after-school snacks anymore (fruit snacks, granola bars, etc.).
2. The CEO and CFO will pay for 4 school lunches; the other must be a home lunch. However, the member may take home lunch every day, thereby saving some money.
3. Chores will be assigned each Monday. The member has the week to complete the chores. If they are not completed by Saturday at 8 pm, a fine of $1 will be assessed and the member must still complete the chores.
4. Payment for practicing the piano will be $.50 for every 3 days of practice or 1 candy bar from candy bar basket.
5. Every Monday is payday. The option of direct deposit is available.
Services
1. The CFO will serve as the banker. Withdrawals and deposits can be made at any time.
2. Limited African foreign currency exchange is available.
History
Tyler and I wanted to experiment with a family credit union (bank is an indecent word at our house) to help our kids understand money. Erik Leary created the name and Super Money Credit Union was founded on Monday, February 25, 2008, in Stansbury Park, Utah, with four members and $27.53 in equity.
To teach our members how money works, where it gets spent, how to save, how to be charitable, how to budget, how to track their money via a check register.
Rules
1. The CEO (Dad) and CFO (Mom) will not pay for store-bought, after-school snacks anymore (fruit snacks, granola bars, etc.).
2. The CEO and CFO will pay for 4 school lunches; the other must be a home lunch. However, the member may take home lunch every day, thereby saving some money.
3. Chores will be assigned each Monday. The member has the week to complete the chores. If they are not completed by Saturday at 8 pm, a fine of $1 will be assessed and the member must still complete the chores.
4. Payment for practicing the piano will be $.50 for every 3 days of practice or 1 candy bar from candy bar basket.
5. Every Monday is payday. The option of direct deposit is available.
Services
1. The CFO will serve as the banker. Withdrawals and deposits can be made at any time.
2. Limited African foreign currency exchange is available.
History
Tyler and I wanted to experiment with a family credit union (bank is an indecent word at our house) to help our kids understand money. Erik Leary created the name and Super Money Credit Union was founded on Monday, February 25, 2008, in Stansbury Park, Utah, with four members and $27.53 in equity.
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