Phoenix Student Cub Savers Earn Recognition

by Submitted article | June 23, 2017 7:18 am

PHOENIX – A focus on financial literacy and savings paid dividends for Michael A. Maroun Elementary School students this year.

Participants in the Cub Saver program worked to “save their money for a rainy day” through the Edge Federal Credit Union’s initiative.
Participants in the Cub Saver program worked to “save their money for a rainy day” through the Edge Federal Credit Union’s initiative.

Since the fall, students have been involved in the Cub Saver program through Edge Federal Credit Union, where they make deposits into their accounts and learn about finances as part of the school-based program.

A recent celebration honored the students who contributed deposits throughout the year, with the seven “super savers” – those who made the most consistent deposits – earning time in the cash cube.

Student Eli Bailer grabs as much money as he can during his 30 seconds in the cash cube. He was one of seven students awarded for consistently making deposits into his Cub Saver account through Edge Federal Credit Union.
Student Eli Bailer grabs as much money as he can during his 30 seconds in the cash cube. He was one of seven students awarded for consistently making deposits into his Cub Saver account through Edge Federal Credit Union.

The cash cube provided the seven students with an opportunity to enter the cube and grab up to $1,000 in 30 seconds.

All the money each participant was able to grab ($802 combined) was deposited into their accounts.

“It’s not how much they save each week, it’s just about establishing that pattern of behavior,” said Edge Federal Credit Union CEO Theresa Camerino. “This is a great way to introduce students to financial literacy and teach them the importance of saving money.”

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