DUBUQUE, IOWA (May 25, 2023) — DuTrac Community Credit Union’s younger members took to heart the theme of “Unleash the Power of Saving at your Credit Union™” to save $1.7 million and win the 2023 National Youth Saving Challenge™. The Credit Union National Association (CUNA) headquartered in Washington, D.C., reported savings of $15.2 million by the nation’s youth during the National Youth Savings Month of April.
“We are thankful to everyone who participated in this year’s National Youth Saving Challenge,” said Jason Norton, senior vice president of marketing and business development. “This year’s Youth Month theme taught younger members and their families the value of saving money early as well as how fast savings can grow through the power of earned interest.”
DuTrac encouraged younger members to save wisely through the credit union’s scholarships, deposit savings-bonus promotions through the Savasaurus Kids Club, financial education, and events for youth members of all ages. CUNA offered a grand prize of $1,000 to create ten (10) youth awards worth $100 each to encourage participation in the program.
DuTrac Community Credit Union of Dubuque, Iowa was selected the grand-prize winner. DuTrac reported 39 new youth accounts and 7,837 deposits, totaling $1.7 million for the month.
To learn more about DuTrac Community Credit Union’s Savasaurus Kids Club and the credit union’s savings account options, please visit DuTrac.org.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit- union leagues, delivers unwavering advocacy, continuous professional growth, and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.
About DuTrac Community Credit Union
DuTrac Community Credit Union, headquartered in Dubuque, Iowa is a $1.0 billion, full-service cooperative financial institution owned by and serving more than 51 thousand members out of fourteen branches in the Tri-State region. When looking at all of life’s possibilities, consumers’ turn to DuTrac. For more information about DuTrac, please visit DuTrac.org.