CommonCents
SHELBY COUNTY FEDERAL CREDIT UNION’S
for Kids & Teens!
JULY 2016 NEWSLETTER
Have Inexpensive FUN
In Downtown This Summer!
Visit Memphis’ most famous celebrities - The Peabody Ducks
- and their $250,000 penthouse on the roof of The Peabody.
(Free)
Watch a movie on the bluff at Beale Street Landing on Tuesday
nights during the summer (Free)
Watch a Memphis Redbirds game on the Bluff in the country’s
best AAA stadium ($9)
Get your feet wet in Mud Island River Park’s Riverwalk, an
exact scale model of the Mississippi River (Free)
Stage your photo in front of your favorite piece of public art
(Free)
Visit certain Downtown museums during special times when
Shelby County Residents get in for free! National Civil Rights
Museum after 3 pm on Mondays; Memphis Rock ‘ Soul Museum
all day on Tuesdays; Stax Museum on Tuesdays from 1 - 5 pm.
Fly at kite at Tom Lee Park where gusts off the river make kites
soar (Free)
Visit A. Schwab on Beale Street, the oldest store in town with
tons of cool, vintage toys and trinkets (Free)
Get a treat at the quaint Peanut Shoppe on Main Street, open
since 1949!
Take a free walking tour of Downtown with historian
Jimmy Ogle who will teach you all kinds of interesting and
quirky stories about your Downtown (find a list of tours at
JimmyOgle.com)
Go splashing in the fountains at Beale Street Landing (Free)
Pack a picnic and find a place near the river (Free)
Enjoy a bike ride along the Missisippi River in Tom Lee Park or
take walk along the Bluffwalk (Free)
Check out our website @ ShelbyCountyCU.com
July Fun Facts!
Benjamin Franklin wanted the turkey
to be the national animal but was
outvoted when John Adams and
Thomas Jefferson chose the bald
eagle.
Over an estimated 150 million hot
dogs are consumed on the Fourth of
July - that’s roughly 1 dog for every
two people in the U.S.
The first 4th of July party held at the
White House was in 1801.
John Hancock was the only person
to actually sign the Declaration of
Independence on July 4, 1776. The
other 55 signers did not sign it until
August 2nd or even later.
When the United States became a
country, there were approximately
2.5 million people living in the country. Today the population is around
304 million.
Three U.S. presidents have died on
July 4th. Both Thomas Jefferson and
John Adams died on July 4, 1826,
the fiftieth anniversary of the singing
of the Declaration of Independence.
Five years later, James Monroe died
on July 4, 1831.
Your savings federal insured to at least $250,000 and backed
by the full faith and credit of the United States Government
NCUA
National Credit Union Administration, a U.S. Government Agency
Cool Ideas to Beat The
Summer Heat!
Temperatures in Shelby County during the summer can get
dangerously hot, but who wants to stay inside all day? We
came up with some ways where it
can be super cool to be outside!
Round up the neighborhood friends
for a massive water balloon fight
Be productive by washing your
parents’ cars
Get your parents to freeze toys in a
big block of ice then crack through
the ice to get to them
Money Tricks!
Money doubles by the “Rule of 72”
Want to figure out
how long it will take
for your money to
double? Divide the
interest rate into
72. For example, an
account earning 6%
interest will double
in twelve years (72
divided by 6 equals
12).
Make your own popsicles with your
favorite juice or drink
Freeze fruit like blueberries and
strawberries for an icy, tasty treat.
Break out a slip and slide, sprinkler
or kiddie pool for a day of splashing in the grass
Wet t-shirts and hats and then put them in the freezer between
wax paper. Once they’re frozen, you’ll definitely have some
cool threads!
Jump rope contests with full cups of water. The player with the
most water in the cup at the end wins!
Staying hydrated during extreme heat is very
important to your body and brain, so be sure
to drink plenty of water when playing outside
this summer even if you’re not thirsty. It’s
best to stay away from sugary drinks and caffeinated drinks which can cause dehydration.
Replenishing electrolytes such as salt, potassium, and calcium are necessary if you’ve
been exercising or exposed to heat for a long
period of time.
Step Away from the Video Games...
Grab Your Bike
and Go!
Did you know that Memphis is recognized
nationally as one of the most progressive biking
communities in the country? The Shelby Farms
Greenline is a 6.5 mile bike trail connecting
Midtown Memphis to Shelby Farms Park, the
largest park of its kind in the country. The trail
is an incredible community asset that provides
recreation, exercise, togetherness, healthy
activity, commuting and more. Soon bikers
will be able to take the Greenline all the way to
Downtown and across the Mississippi River via
the Harahan Bridge - cool!
How Are Credit Unions
Different from Banks?
A credit union might look just like a bank. It’s where
you go to do things like:
•
Open a checking account.
•
Apply for a credit card.
•
Use the ATM.
•
Get a car loan.
So what’s the key factor that sets credit unions apart
from banks? You are an owner!
When you join a credit union, you’re also a part owner, not just a customer. That’s because credit unions
are cooperatives.
Members elect fellow members to serve on the board
of directors, which sets credit union policies.
Since credit unions are not-for-profit businesses,
and their board members are almost entirely unpaid
volunteers, they have a lower cost of doing business.
They are also exempt from certain types of taxes.
Credit Union members benefit in many ways:
Higher dividends. Your credit union passes the
savings on to you by paying you a higher dividend on
checking and savings accounts
Lower fees. Credit unions have no or low ATM fees,
lower service charges on checking accounts, and
lower fees for overdrawn checks.
Extra attention. Credit unions watch out for their
members and often share ideas on how to manage
money. It’s people helping people.