Saint Louis Banking Rates

How Arsenal CU’s Tracker Academic All-Stars Program Rewards Students With Savings

arsenal credit union academic all-stars programGood grades are important to both children and their parents, and Arsenal Credit Union rewards children who receive A’s on their report card. Arsenal CU’s Tracker Academic All-Stars program rewards students for good grades while also teaching them the value of saving money.

How Arsenal Credit Union’s Tracker All-Stars Program Works

Children between ages 5 and 12 are welcome to participate in the program during their kindergarten through sixth-grade years. Each June, participating children are required to  bring in their year-end report cards to Arsenal CU. For each A that a student earns in a core subject during the year, $1 is deposited in his Tracker Kids Club savings account. Core subjects include math, science, English and social studies. An A in one elective course such as computer science, art, physical education, music, drama, or religion will also earn a $1 deposit into the child’s savings account.

Each student can earn up to $5 per semester for a total of $10 per year for excellent grades. Report cards must be submitted to an Arsenal CU branch during the month of June, with rewards deposited electronically by July 15. In many cases, parents choose to bring their talented students in with them to allow Arsenal CU representatives to praise them for the hard work they did throughout the school year.

Tracker Kids Club at Arsenal Credit Union

Arsenal CU is committed to Missouri youth, providing nearly $1,500 to 166 participating children over the past two school years. This past June marked the fourth year Arsenal CU rewarded local youth for excellence in academics.

Available to children ages 12 and under, the Tracker Kids Club allows children to open their own savings accounts with just a $5 deposit. If a child deposits $25, Arsenal CU gives him/her a free piggy bank and coloring book or activity book. From that point forward, for every $10 that a young member deposits, Arsenal gives one stamp. Collect enough stamps and the member can redeem them for fun prizes. Each month, Tracker Kids Club members making deposits of any amount are automatically entered into a drawing to win a $10 electronic deposit made by the credit union.

“This program complements the college scholarships that we award to graduating high school seniors each year and helps motivate grade school students to do well in school,” said Linda Allen, president and CEO of Arsenal CU. “The money also helps them grow their savings balances at the credit union.”

Since 1948, Arsenal Credit Union has provided personalized banking services to people who live and work in the St. Louis metro area. With primary and shared branches located throughout the state and country, the credit union serves more than 25,000 consumers and small businesses with loans, checking and savings accounts and investments.

Photo credit: woodleywonderworks