Hello there! My name is Akida. That means "leader" in Swahili, one of the languages spoken in my native home of Africa. I'm here to welcome you to The Summit's Safari Club which is designed for kids ages 6-12! My friends and I have a roaring good time in our Safari Club Treehouse. It's loaded with games and activities, and information about the Safari Club. |
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The Summit Federal Credit Union makes saving money fun! When you put money into your savings account, it's called "making a deposit" - and the more deposits you make, the faster your money will grow. Each time you deposit money into your account, The Summit will put a stamp on your Safari Club card. Download a copy of a Safari Club card. As you collect your stamps, you'll earn a chance to select a special prize from Safari Club Prize Order Form. Plus, any Safari Club member who makes at least one deposit into his or her Safari account during the quarter will automatically be entered into a drawing to win a 6-month Summit Youth Share Certificate for $50! 
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Squawk! Squawk! Thanks, Akida. I'll take it over from here. My name is Ollie. Part of the fun of saving money is watching it grow as you add to your account. It's like finding a treasure...and I love finding treasures! You can make deposits into your Safari account by mail or at any Summit branch. When you make a deposit, make sure you show your Safari Club Card to earn your Safari Stamp. Your parents can also make deposits into your account through payroll deduction, but your parents' payroll deposits won't count toward your Safari Stamps (so they can't help you earn prizes). | 
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I love to learn new words. One of my favorites is the word, "dividends." As a Safari Club member, you'll actually EARN money called "dividends" based on the amount of money in your account. In other words, the credit union will pay you to save in your Safari Club account - and the more you save, the more you'll earn. (See why we think saving is fun?!) To earn even higher dividends, you can also take advantage of The Summit's special Youth Share Certificate which can be opened with as little as $50. | 
If you're looking for fun, you've come to the right place! Explore Googolplex-- the credit union guide for student money makers -- featuring games, stories and cool activities. You can enter the 5-Spot Clubhouse  for elementary school students or AJ's Mall for middle schoolers. And don't forget to check your mailbox. As a Safari Club member, you'll also receive a newsletter filled with entertaining games and stories! 
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Well, that's the latest news from the Safari Club treehouse. We're going to stick around awhile and play. Why don't you and join us at Googolplex? Bye for now...we can't wait to see you again in the next issue of the Safari Newsletter! |
Not already a Safari Club member?
It's easy to join the Safari Club with a little help from mom or dad! Just stop in to any Summit branch to open your member account. Your parents can print a Membership Enrollment Application from this website. Once you're a Safari Club member, you'll automatically be enrolled in the Forward Bound Teen Club when you turn 13.
Special note to parents:
To join The Summit Safari Club, your child needs to establish Summit membership. Complete a Membership Enrollment Application with your child's information and return it to The Summit with a minimum deposit of $5.00. Please indicate that you are opening a "Safari Account" at the top of the application. Your child must have a social security number to open a savings account. Children under 18 years of age must have an accompanying joint member 18 years of age or older on the account. If you'd like to be authorized to conduct transactions on your child's account, you'll need to complete the joint member information on the membership enrollment application.
Parents - Need help saving for future college costs?
Coverdell Savings Accounts: If you're eligible, you can make contributions of up to $2,000 per year to a Coverdell savings account (formerly named education IRA's). Your earnings accumulate tax deferred, and any withdrawals you make to pay qualified education expenses are free from federal taxes. Qualified education expenses include college tuition, fees, books, supplies, equipment, services, and some room and board expenses at eligible educational institutions. Contact MEMBERS Financial Services for more information.
529 College Savings Program: All states sponsor tax-advantaged 529 college savings programs to help families save for future college costs. In general, college savings programs don't have any eligibility income limitations. There are two main types of 529 plans and each state's plan has its own terms and features. Prepaid tuition plans allow you to pay tuition in advance and lock in the cost based on today's tuition prices. These plans pool investments and aim to keep pace with tuition increases in your state. College savings plans allow you to save money in a special college savings account for tuition and fees, books and supplies, and certain room and board expenses. These plans provide variable rates of return based on the investments you choose from the available options. Contact MEMBERS Financial Services for more information.
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency
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