Daily life presents many occasions to help children understand money and how to use it responsibly. Children learn by playing, by imitation, and by participation.

We, at Luso Federal Credit Union, want to provide the best in member financial services to all who live, work, worship, and attend school in Hampden County. This is the objective behind our “Saving Is Fun” program.

Our program will help students through their early developmental years, and eventually into their young adult and independent years. The “Saving Is Fun” program relies on developing a working relationship with students within their own school environment. Our purpose is to inform children on the importance money will have on their lives and that good savings habits should start early in life. The objective is to engage the students in money management skills and encourage them to begin long-term savings goals while initiating responsible money management.

Luso Federal Credit Union is here to help all members, young and old, make the most of their resources. Our credit union is a not-for-profit financial institution, and as such our mission is to make money for our member/owners, any way we can. We take this mission very seriously, and this is the true meaning behind our “Saving Is Fun” program. Each “Saving Is Fun” account will be initially opened with a $5.00 balance deposited by the Credit Union for its newest members. Every account will earn daily dividends and is absolutely FEE-FREE for the life of the account.

Savings Is Fun:

A representative from the Credit Union will come to the school on a designated morning throughout the school year for routine deposit account activities. A specific location and time will be worked out with the school administration. Students will initially receive a personalized deposit bag, deposit envelopes, and a “Saving Is Fun” passbook with their new account. The representative will manually document transactions as they occur, thereby eliminating the maintenance of paper receipts. Students are encouraged to deposit funds with the Credit Union representative on a weekly basis. Any deposit amount is acceptable! No deposit will ever be considered too large or too small.

Each student will receive a statement at the end of the quarter, mailed to his or her home address, outlining the individual account activity. Account discrepancies, should they occur, will be handled by a Credit Union representative, either at the school or at the main branch. Each student will receive a free gift upon opening his or her new savings account, another added incentive toward saving money. Additionally, every time a student saves $25.00 in their "Savings Is Fun" account, they will receive a free gift. Periodically, we offer the students free activity books as tools for informing, while entertaining them, about the importance of savings and effective money management.

Please visit the main branch or contact the Sales/Service Manager at (413) 589-9966, Ext. 112, or
E-mail us at : jmgomes@lusofederal.com if you require any further information.

We are pleased to introduce our new “Luso's U-ltimate S-avings O-pportunity,” or, “L-U-S-O” program, especially adapted for Middle and High School students. Our goal is to inform students on the importance money will have on their lives and help them establish good savings habits. We will engage students in money management skills and encourage students to begin long-term savings goals while initiating responsible money management.

The following is information that will help you understand how the program works:

• You can open a “L-U-S-O” account with a $5.00 minimum deposit. Your account will earn daily dividends and is absolutely FEE-FREE for the life of the account - percentage rates are subject to change without notice.

• A representative from the Credit Union will come to the school on a designated morning throughout the school year for routine deposit account activities. A specific location and time will be worked out with the school administration. Deposits and withdrawals to L-U-S-O accounts are always accepted at the main branch location. A statement will be mailed to your home address at the end of the quarter outlining your account activity.

• You will receive a FREE gift with your new savings account. Additional opportunities will be available throughout the school year to continue earning free gifts, such as movie passes, Mall gift certificates, gas cards, etc.

• The “L-U-S-O” program also offers you the opportunity to open a new share draft checking account, with ATM Card privileges, with a parent or legal guardian signing on as joint owner(s). (Students over 18 years of age are not required to have a parent or legal guardian as a joint account holder, and are legally able to apply for a VISA Debit Card, VISA Credit Card, or other lending type services.)

Please visit the main branch or contact the Sales/Service Manager at (413) 589-9966, Ext. 112, or
E-mail us at : jmgomes@lusofederal.com if you require any further information.

L-U-S-O Program: