Take Charge Savings Program
The Take Charge Savings Program is designed to help teens "Take Charge of their future". By developing a healthy savings habit early in life, your young adult will learn to manage their money wisely. Owning a Take Charge Savings Account is easy at New Dimensions FCU. Check out the account benefits below:
- Take Charge Savings Program is for young adults age 12 through their 18th birthday
- Only $25 minimum deposit is required
- Graduating high school seniors can apply for the Take Charge College Scholarship
- Coverdell Education IRA's available to save for college expenses
- Monthly birthday drawing - winner selects a prize from the Take Charge Prize Vault
- Any Take Charge Savings Program account that receives a deposit is entered into a monthly drawing for $20 cash
- Take Charge Savings Account holders between the ages of 16 and 18 can open a checking account and Visa Debit Card (of age joint owner/co-signer is required until the child turns 18)
Call us today to find out how to become a Take Charge Savings Program account holder!
Take Charge Savings Program Scholarship
Each year, one scholarship is awarded to a graduating senior in the amount of $1,000.00 prior to graduation. The check will be issued in the recipient’s name to the chosen college that will be used for any school-related expenses, such as tuition, books, or supplies.
The following minimum criteria must be met to be considered for the scholarship:
1. The student must be an active participant in the Take Charge Savings Program with New Dimensions FCU for a full year prior to the application and be a member in good standing (Example, for graduation 2015, the account has to have been opened before June 1, 2014).
2. Student must be a graduating senior with at least a “C” average in high school.
3. Student must be planning to attend an accredited educational institution (i.e. a 2 or 4 year college or trade school).
The following items need to be submitted to be considered for the scholarship:
· Completed scholarship application
· A current academic transcript
· SAT or ACT scores
· One letter of reference from a teacher or guidance counselor
· A short essay (no more than 250 words) stating what your long-term professional goals are as well as your financial need for this scholarship
Application deadline is April 1, 2015 - the scholarship winner will be notified by May 1, 2015. Call us at 800-326-6190 or email firstname.lastname@example.org
with any questions you may have regarding the Take Charge Savings Program
Savings Account or Take Charge Scholarship.
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