Spring / Summer 2017
A semi-annual publication for the young members of Argent CU
Welcome YouthSavers
H
ey YouthSavers. We are in the final stretch and the school year is almost over.
Are you looking forward to the summer break? Do you have any big plans? If
not, read on because we have some suggestions.
The deadline for the 3rd grading period is quickly approaching. If you’ve
maintained all A’s and/or B’s this grading period, be sure to send in a copy of your report
card so we can include your name in our Good Grades drawing for $25.* The deadline for
the last two grading periods are:
3rd grading period – Friday, April 28th
4th grading period – Friday, June 30th
We can’t wait to see how you’ve done the entire year. We will be looking for your report card for the year along
with a letter of recommendation from one of your teachers so we can include your name in our drawing to win
$150!** The deadline to submit that is June 30th as well.
Copies should be mailed to: Argent Credit Union, P.O. Box 72, Chesterfield, VA 23832-0001 or fax it to: (804) 7487388, Attn: Marketing.
Happy reading!
*One winner each grading period.
**No exceptions.
WHY CASH, WHY CREDIT
Y
ou know that you can use money to buy things
you really want or need. But sometimes, instead
of paying with cash, you might see adults paying with
a credit card. What’s the difference between cash and
credit cards?
Make It a Habit
A
re you saving regularly? Kids who make
it a habit of saving regularly, even saving
small amounts, are often successful savers when
they get older. It’s important to save regularly.
As your money grows, you will be able to plan
for things you want, or more importantly NEED,
because you’ll have the money for it.
Cash is Money You’ve Already Earned
You earned the money in your piggy bank. That money
belongs to you. When you pay with cash, you’re using
money that you have today.
Credit Cards are Borrowed Money
Some adults use credit cards to borrow money to pay
for things. Usually, they do this when they don’t have
enough cash saved up to buy the item, but they need
or want it now. For example, let’s say that the roof in
your house leaks, and your parents don’t have enough
money to get the roof fixed. But the roof needs to be
fixed right away.
If your parents use a credit card to fix the roof, they’re
really borrowing money from a credit union or bank. If
they don’t pay the money back quickly, they will have
to pay the credit union or bank extra money. When
credit unions or banks lend people money, they charge
people for that money.
Many people are smart and pay that money back as
soon as they can. They may take money from their next
few paychecks to pay it back. In addition, until all the
money is paid back, they may not spend money on
anything “extra” like going out to a fancy restaurant or
buying new clothes. The sooner they pay off the money
they borrowed, the less “extra” money they owe the
credit union or bank.
So, now you know the difference.
3 STEPS TO TAKE:
1. Put a little aside from any money you get,
whether it’s an allowance or a gift, and
deposit it into your Credit Union account.
2. Track your savings by looking at how much
you have in your account and monitor how
long it takes you to save a certain amount.
3. Plan for short-term and long-term goals. For
example, a short term goal could be to buy
a new game, while a long term goal could
be to buy a bike.
Once you start achieving your goals, you will
find that saving becomes easier. So, make it a
habit to start saving now!
www.ArgentCU.org
804.748.9488
What’s Going on at Argent?
W
e are going through a BIG change at Argent - a System Upgrade.
What’s a System Upgrade? It’s like you going back to school after the
weekend and now you have newer, better and faster computers in every
classroom, the library, the office, and even the clinic – EVERYWHERE.
Because this is a BIG project, we will need to close the credit union for a few
days. So, we’d like you to do us a favor. Remind your parents that we will be
closing all of our locations at 3 p.m. on Friday, April 28th and will reopen
at 9 a.m. on Tuesday, May 2nd. They can visit our website ArgentCU.org/
Upgrade for details or give us a call at (804) 748-9488, option 2.
SUMMER FUN
Looking for something fun to do this summer? Here are a few
ideas:
• Bake cookies for ice
cream sandwiches.
• Volunteer at a nature
center.
• Make a photo journal
or a family yearbook.
• Visit the beach and
collect shells.
• Visit a farmer’s market.
At the end of summer, send us a little letter about what you
did and we’ll send you a $5 Gift Card. Mail it to: Argent Credit
Union, P.O. Box 72, Chesterfield, VA 23832-0001 or fax it to: (804)
748-7388, Attn: Marketing.
Riddles
When you look for something,
why is it always in the last
place you look?
Answer: Because when you find it
you stop looking!
How can a man go 8 days
without sleep?
Answer: He only sleeps at night!
Federally Insured by NCUA.
P.O. Box 72
Chesterfield, VA 23832
Spring/Summer 2017
Here’s Your New Copy of
PRESORTED
STANDARD
U.S. POSTAGE
PAID
Permit No. 2929
Richmond, VA