BMB
True or False: You can use Big Mac Banking after you graduate.
True
Is WAFCU a not-for-profit or a non-profit?
Not-For-Profit!!!!!
What are the benefits of banking at Big Mac Banking?
-Free Products & Services
-Do banking at school, online or at main branch
-Competitive CD rates
-Up to date online services
-Kids' accounts grow with you
-Get Paid for Good Grades
What are savings?
If a bank pays you extra money for keeping your money in a savings account, that extra money is called...?
Interest!
True or False: Washington Area Federal Credit Union is independent from Canon Mac?
True!
What is a credit union?
A financial institution that is owned by it's members, not big companies.
What is the difference between a NEED and a WANT?
Need- something that is necessary for survival
Want- something that is not necessary for survival
What age do you have to be to open an account with a debit card?
16+
What is the difference between a savings account and a checking account?
Savings account- used for saving and growing money
Checking account- used for everyday spending
What is one of the responsibilities of a club member?
To help promote membership events. Learn how to get involved!
True or False: Credit unions care more about helping members than making money.
True!
What is the EXACT address of Washington Area FCU?
75 Landings Drive Washington, PA
If you are under 18 what will you need to open an account?
A joint owner - usually a parent or guardian
What is the difference between a short term goal and a long term goal?
short term- can be completed within a couple months
long term- completed within one or more years
What does Billy Bob have to do if he wants to join the Big Mac Banking Club?
Fill out Google form!
Can you bank online or at a physical location at Washington Area FCU?
Both!
What is the purpose of credit unions?
People Helping People!
What is one benefit of having a Credit Union?
Competive rates : CDs, Saving accounts, Loans
What does it mean to pay yourself first?
It means dedicating a portion of your pay check to savings before spending your money.
Billy isn't looking for a competitive rate financial institution that allows him to become part owner. Or that gives him a wonderful experience. What type of financial institution is he looking for?
for-profit bank
At a credit union, if you have an account, you are also a....
Member! Or a part owner!
Einstein called _______ the 8th wonder of the world.
compound interest
How much money do you need to open an account?
$10.00-one time only deposit
You earn $20 a week doing chores. You decide to save $5 every week to buy something that costs $50. How many weeks will it take you to save enough money? How long would it take if you save $10 per week?
10 weeks!
5 weeks!