At Holiday Coast Credit Union, we take our responsibility to help our community very seriously. This is especially true for the young members of our community currently enrolled in school. In fact, our Community Partnership Grants Program has funded several important projects for schools in our area over the 2014-2016 years, including:
On top of our community grants program, we also provide a financial literacy program for school aged children.
The Holiday Coast Credit Union Financial Literacy Program
If our financial literacy program visits your school, community group or sporting club you will learn:
How to manage your savings account, and use some of the more advanced features.
We’ll share with you and your classmates really important tips on how to manage your account. If you are a Holiday Coast member, we will also show you how to setup SMS notifications for all deposits, as well as setting up automatic transfers for your pocket money.
How to access your savings account.
You can access your account in many ways. You can access it through Internet banking, through our mobile app, or by dropping into the nearest Holiday Coast Credit Union branch.
How to use your savings account safely with very important security tips.
For example - never, ever, share your account information (especially your PIN code or your Internet password) with anyone.
How to budget your money and plan for future purchases.
Including the difference between short-term savings plans and long-term savings plans, setting regular savings goals, how to use your Holiday Coast account to keep track of your money, and other budget and saving tips.
The importance of reading and understanding contracts eg. for mobile phone plans, gym memberships, access and credit cards, loan applications, even lease agreements.
In many cases, these plans and contracts have complex clauses. It is important that you fully understand the commitment that your are agreeing to and the possible risks associated with the agreement before you sign any such agreements or contracts. Unless you fully understand exactly what you are signing, then we encourage you to seek independent advice before signing anything.This is especially important for large purchases such as a 24-month mobile plan.
How to maintain a good credit rating.
The first and most important message is to meet your commitments and obligations.
Ensure you are fully aware of your commitments and obligations in any agreement.
Should you experience a difficulty that will prevent you from meeting a commitment on time then you need to contact the person or organisation with whom you have the agreement and explain your circumstances. Do not put your head in the sand and think it will be right.
Be aware of the impact on your credit rating of credit applications and most importantly any defaults.
The earlier you understand these financial literacy messages, the better you will be at managing your financial affairs and most importantly your credit rating. To learn more about our financial literacy program, contact us by calling 1300 365 724, emailing ubelong.com.au or drop into one of our Holiday Coast branches near you.
This article provides general information only and should not be relied upon as financial product advice.