Chances are, no matter how young your child is, they know (at least in a basic way) what a bank is. But do they know what a credit union is?
Spend a little time discussing both the similarities and the differences between banks and credit unions in a way that your child will understand. Explain the difference between being a member/owner and being a customer. Explain the services that are offered by both, how profit works and that credit unions are not-for-profit. Growing up with a clear knowledge of the differences and the benefits of credit unions will help your child make informed decisions when choosing a financial institution as an adult.
We encourage you to bring your child in to open their first Landings savings or checking account. We LOVE helping them get started on their financial journey and are here to help every step of the way!