Kinecta Federal Credit Union Empowers Youth to Be Financially Savvy During Youth Week

MANHATTAN BEACH, Calif., April 12, 2011 /PRNewswire/ -- Kinecta Federal Credit Union will kick off its Youth Week celebration on April 19-23, as part of a nationwide effort to educate young people about the importance of being money-smart. With the theme "Money Rocks at my Credit Union," Kinecta joins credit unions across the country in the annual National Credit Union Youth Week™.

"Kinecta is committed to empowering our youth with the tools they need to become financially savvy at a young age," said Cathleen Dominguez, First Vice President, Marketing and Corporate Communications. "Youth Week gives us a great opportunity to focus on teaching our younger members how to make wise money choices and develop healthy spending and savings habits."

All new Kinecta youth accounts opened during Youth Week will receive $5.00 from Kinecta. In addition, these members will be automatically entered in the Youth Week Sweepstakes for a chance to win one of the following: Grand Prize – iPad® 2; 2nd Prize: iPod® touch; 3rd Prize: Sea World® Family Four-Pack Playcation; plus extra chances to win $25 iTunes® gift cards.

Kinecta offers an ongoing Financial Empowerment program through partnerships with dozens of community organizations, local churches and schools. From 2009 to 2010 the Kinecta team presented over 110 financial education classes to more than 2,700 attendees of all ages. Kinecta developed its Financial Empowerment program in 2007 using a curriculum developed by the National Endowment for Financial Education. In 2003, the United States Senate designated April as Financial Literacy for Youth Month.

Visit www.kinecta.org to find the nearest Kinecta location participating in Youth Week festivities.

Kinecta Federal Credit Union is one of the nation's largest credit unions, with approximately $3.5 billion in assets as of  December 30, 2010; 24 member service centers, 49 Nix customer service centers, and 9 Kinecta at Nix locations throughout Southern California; and nearly 222,000 members nationwide. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Insurance Services Inc., and Kinecta Alternative Financial Solutions, dba Nix Check Cashing. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is owned by its members, and exists to provide a safe and convenient place for member/owners to conduct their financial business. For more information about Kinecta, visit www.kinecta.org. For more information about Nix Check Cashing, visit www.nixcheckcashing.com.

SOURCE Kinecta Federal Credit Union