National Youth Week
Let's Have Fun

"My Money, My Credit Union - Where I Belong"
It's time to celebrate National Credit Union Youth Week. From April 23 through April 29, credit unions all across the country will be doing special things just for kids. This year's theme is "My Money, My Credit Union - Where I Belong." The theme is a reminder that it's all about you at the credit union. When you put your money in your Looney Tunes Savings Club Account or your Student Union Account, you're not just a customer. You are a member. As a member, you are part owner of OFCU. Because you and your fellow members own the credit union, the credit union is always on your side. Otero Federal Credit Union puts the best interests of its members first. So you can count on getting a good deal there. You earn good rates on the money you save there. Later on, if you need a loan, you will probably pay less to borrow money from the credit union than if you borrow somewhere else. So during National Credit Union Youth Week, and every week, you belong at the credit union!

For more information on the National Youth Week Savings Challenge please see the rules below:


National Youth Saving Challenge Rules

The National Youth Saving Challenge is open to all youth under age 18 who visit a participating credit union during regular business hours April 23-29, 2006. While youth are encouraged to make a deposit at the credit union, no deposit is required to enter.

Those parents/guardians giving permission for their youth to enter can submit on a 3" x 5" piece of paper the following information to the credit union: Name, date of visit, current age, and amount deposited that day. Limit one entry per person.

On May 3, 2006, the Credit Union National Association will randomly select and award 10 (ten) $100 prizes to 10 participating credit unions. Each of those 10 credit unions will then randomly select a winner from its applicants. Your credit union will notify you if you are a winner. The odds of winning will depend on the number of entrants.

Copyright © 2006 - Credit Union National
Association, Inc.










Just for Laffs
Q. Why did the dollar jump off the table?

A. It didn't have any cents!



Kids' Calculator
If I save dollars each month,
how much will I have at the end of month(s)?

 






Interest, Principal & Compound Interest
Interest: An amount paid for the use of someone else's money. You pay the credit union to use the money you borrow from it. The credit union pays you to use the money you save there.

Principal: (1) The amount borrowed, or the part of the amount borrowed that remains unpaid (not including future interest). (2) The part of a monthy payment that reduces the outstanding balance of a mortgage, or other loan. (3) The original investment amount.

Compound Interest: Interest calculated not only on the original principal that was saved but also on the interest earned earlier and left in the account.







The first commemorative quarter-dollar coin released in 2006 honors Nevada, and is the 36th coin in the United States Mint's 50 State Quarters® Program. Nevada, nicknamed "The Silver State," was admitted into the Union on October 31, 1864, becoming our Nation's 36th state. Nevada's quarter depicts a trio of wild mustangs, the sun rising behind snow-capped mountains, bordered by sagebrush and a banner that reads "The Silver State." The coin also bears the inscriptions "Nevada" and "1864."

Nevada became a territory in 1861, several years after a Mormon Battalion in the Mexican War discovered gold and silver in the area of Virginia City. This discovery would later be referred to as one of the greatest mineral discoveries, famously known as the Comstock Lode.

Nevada is home to more than 50 percent of the Nation's wild horses. The wild horses dominate the Great Basin in the vast deserts and the more than 150 mountain ranges. The first mention of wild horses was discovered in several journals dating to the 1820s.

On behalf of Governor Kenny Guinn and State Treasurer Brian K. Krolicki, the Nevada State Quarter Commission accepted design concepts from the public in the summer of 2004. The 18-member Commission reviewed all submissions, and forwarded five recommendations to the United States Mint. The corresponding design images were created by United States Mint sculptor-engravers and artists in the United States Mint's Artistic Infusion Program. The citizens of Nevada voted on the designs. More than 60,000 votes were cast, and the people of Nevada favored the galloping horses design, "The Silver State."

On July 20, 2005, the Department of the Treasury approved the design of three galloping wild horses, sagebrush, the sun rising behind snow-capped mountains and the State's nickname, "The Silver State," inside a banner.





Looney Tunes Savings Club
Rules/Restrictions
for Prizes
  • The Looney Tunes Savings Club is designed to teach young members the value of saving. Therefore, there are certain deposit limitations and restrictions required in the program to qualify to receive the savings goal prize.
  • Automatic allocations do not qualify for the prize program. This does not mean that a parent, grandparent, or other relative cannot make automatic allocations to the child's account. The deposits just won't be considered as qualifying deposits toward a prize. Automatic allocations include: direct deposit of a payroll, any type of transfer from other accounts, payroll allotments, wiring of funds or interest earned from share certificates.
  • Additionally, a $200 limit is placed on the amount of a lump sum qualifying deposits to a Looney Tunes Savings Club account at one time. A young saver can redeem and deposit Savings Bonds or other financial instruments in amounts greater than $200 - however, only $200 of the lump sum deposit will be considered as a qualifying deposit towards a savings goal prize.
  • Each time a prize is awarded to a member, the member's account will be annotated. This will aid in tracking prizes awarded for each savings goal reached and ensure that the member has received the correct amount of prizes.
  • Balance amount at the time the prior prize was awarded will be used as a guide for the next $200 savings goal/prize. A maximum of four LTSC prizes may be awarded during each quarter. This does not limit the amount of deposits that may be made to the member's account, only the number of prizes that may be awarded for each quarter.
NOTE: One Looney Tunes Savings Club account per child please.





First Time In History

For the first time in history, the image of President Thomas Jefferson will face forward on the new 2006 nickel. For nearly a century, the United States circulating coins have featured the profiles of presidents. The 2006 nickel, called "Jefferson, 1800," will launch early this year.

The new obverse (heads side) of the 2006 nickel is based a Rembrandt Peale painting of Jefferson in 1800. President Jefferson's Virginia home of Monticello will return to the reverse (tails side). However, the reverse design will be more detailed than before. The word "Liberty" in Thomas Jefferson's own handwriting will be inscribed on the obverse.





Earn Rewards By Saving
It's fun to buy things. But it's fun to save, too. That's because saving comes first. Saving gives you choices about spending. For example, say you want a new video game for your collection. You could wait to get it for your birthday or for Christmas. Or you could save up enough money and buy it for yourself. Then, you'd have the game, plus you could ask for something else you want as a gift.

Saving pays in more ways than one. If you save money in your Looney Tunes Savings Club Account at the credit union, you earn dividends. Dividends are like a reward for saving. The credit union pays you money, called dividends or interest, for the use of your money. Getting into the habit of saving pays off later, too. You'll have money to buy the things you want in the future. Learning to be a successful saver now will be a big help when you grow up. So start saving today. The sooner you start, the more choices you'll have on what to spend it on.





Print out and solve!








Cinco de Mayo Activity
Print out, color and play!








Coloring Contest -
Print out, color, mail in and recieve a prize!








Coloring Contest --
Print out, color, mail in and receive a prize!
Mail to: Otero Federal Credit Union
c/o Matrice Adger
3300 N. White Sands Blvd.
Alamogordo, NM 88310








Upcoming Events and Holidays!

Sunday, April 2, 2006
Sunday, April 16, 2006
National Youth Week
Friday, May 5, 2006

Sunday, May 14, 2006
Memorial Day
Monday, May 29, 2006

Flag Day
Wednesday, June 14, 2006
Sunday, June 18, 2006







Under 3 years old -   Talk & Learn Ball or Smartronics
3-5 years old -   Plush Hand Puppets with Sound
(choice of monkey or pig)
6-8 years old -   Set of Six Games Tin
9-12 years old          -   The Ultimate Beach Bag
(Choice of Purple/Aqua or Navy/Teal)
(Limited quantity of prizes.
Substitutes may be made if necessary.)







Student Union Account
For Teens 13-18!

A GREAT SAVINGS PROGRAM
DEVELOPED BY OFCU TO
HELP TEENS MAKE SENSE
WITH THEIR MONEY.
  • No annual fee ATM Card, when co-signed by a parent or legal guardian.
  • Account benefit extended to age 22, if enrolled in college or a university full-time.
  • Gift certificate for reaching each $200 savings goal.
  • Eligible to open a no minimum balance OFCU Checking Account at age 16, when co-signed by a parent or legal guardian.
  • Eligible to apply for an OFCU credit card with a $500 limit at age 16, when co-signed by a parent or legal guardian.
Special Note to Looney Tunes Savings Club Members: During the month of your 13th birthday, members will receive a letter notifying them that their account designation will be automatically transferred to a Student Union Account. Members will receive a new Student Union Account card along with information, rules, and regulations in regards to the Student Union Account program. Have questions about this program? Please contact OFCU at 434-8500. If out of the area, call 1-800-376-9000.