Financial literacy starts at Greater Kentucky Credit Union
Plan for your child’s financial future by opening a Greater Kentucky Credit Union account today. Good money management skills don’t happen by accident. Those skills are learned - and the sooner, the better. Help you teach your child or young adults in your family learn these skills by signing them up for a Greater Kentucky Credit Union membership. Where service fees are often lower than the fees charged for similar services at banks. Experience the benefits of a credit union today.
A Greater Kentucky Credit Union Savings and Checking Account of their own can help teens learn financial responsibility and develop good savings habits. These are two traits that will serve them well in adult life. Plus, since Credit Union membership lasts a lifetime, they will be able to rely on us for all their financial needs once they reach adulthood.
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Exposing children early on to the everyday realities of earning money and managing the family's budget can help shape how they feel about money throughout their lives. The following chart outlines the knowledge and skills that students should possess at different grade levels.
By Grade 4
• Identify the different types
and denominations of
money.
• Know about checks and
ATM cards—and that you
must have money in your
account to use them.
• Understand the concept
of borrowing money and
paying it back.
• Compare the advantages
and disadvantages of
keeping their savings in a
piggy bank, credit union
or with their parents.
By Grade 8
• Make a short or
intermediate financial
goal for themselves.
• Identify examples of
taxes on income, goods
and services.
• Calculate simple
interest (math teachers
come in handy here,
too!).
• Develop and revise a
budget.
By Grade 12
• Complete simple
income tax forms.
• Reconcile a checking
account statement.
• Compare risks and
returns on various
savings and investment
options.
• Understand how
creditors use credit
reports.
• Compare Annual
Percentage Rates
(APRs).
• Identify the balance
owed, the grace period
and due date on a
credit card statement.
Children’s Online Privacy Protection Act (COPPA) Greater Kentucky Credit Union, Inc. does not knowingly collect, maintain, or use personal information from our website about children under 13 years of age, and this website is not designed to attract children. If a child under 13 sends personal information online, we will only use that information respond directly to the child, notify parents, or seek parental consent.
