Title: Church of the Brethren Credit Union offers new savings options. Jan. 18, 2007. Church of the Brethren News Service. Cheryl Brumbaugh-Cayford, News Director. 800-323-8039 ext. 260 or cobnews@brethren.org.
CHURCH OF THE BRETHREN CREDIT UNION OFFERS NEW SAVINGS OPTIONS FOR KIDS, YOUTH, AND ADULTS
(Jan. 18, 2007) Elgin, IL -- The Church of the Brethren Credit Union began offering new savings options in December to facilitate good stewardship practices. The new products include regular money market accounts, Traditional IRA and Roth IRA money market accounts, Coverdell Education money market accounts, and five unique club savings accounts.
The credit union is a ministry affiliated with Brethren Benefit Trust (BBT), a Church of the Brethren agency.
Two of the new savings accounts, the Kids Club and the Youth Club, are designed especially for children. The credit union feels so strongly about the importance of encouraging children to become disciplined savers, according to BBT, that these accounts offer a higher rate of interest.
"Nothing teaches sound financial practices like first-hand experience; opening a savings account for your children is an excellent way to get them started on the road to good stewardship," BBT said. The Kids Club is available to children through the age of 12; the Youth Club from ages 13-18.
New Christmas Club and Vacation Club savings accounts are designed to encourage members to plan ahead and save towards specific goals, thereby avoiding excessive credit card debt and the risk of late payment fees and high interest rates.
The Brethren Youth Mission Club is truly unique to the Church of the Brethren, according to the credit union. The new savings account club is offered to encourage savings for those planning to participate in Brethren service or educational opportunities such as National Youth Conference, Christian Citizenship Seminar, workcamps, or local church projects. The Brethren Youth Mission Club is available to any Church of the Brethren member, youth group, Sunday school class, congregation, or district.
Also now available from the credit union are the Coverdell Education money market accounts. Parents or grandparents are encouraged to open a Coverdell education money market account for children or grandchildren, with the suggestion for regular contributions to the accounts to be made at Christmastime, on birthdays, or at any other time.
For more information contact the Church of the Brethren Credit Union at dkingery_bbt@brethren.org. Or go to www.brethrenbenefittrust.com/cobcu/index.html.
The Church of the Brethren is a Christian denomination committed to continuing the work of Jesus peacefully and simply, and to living out its faith in community. The denomination is based in the Anabaptist and Pietist faith traditions and is one of the three Historic Peace Churches. It celebrates its 300th anniversary in 2008. It counts about 130,000 members across the United States and Puerto Rico, and has missions and sister churches in Brazil, the Dominican Republic, Haiti, and Nigeria.
# # #
For more information contact:
Cheryl Brumbaugh-Cayford Director of News Services Church of the Brethren General Board 1451 Dundee Ave., Elgin, IL 60120 800-323-8039 ext. 260 cobnews@brethren.org
********************************************************** To receive Church of the Brethren news via an e-mail list serv, go to http://listserver.emountain.net/mailman/listinfo/newsline