For Immediate Release


Co-op Services Credit Union Launches Youth Savings Program
“Next Generation” program to promote financial literacy

Livonia, MI (Oct. 4, 2004) – “Back to school” has a new meaning for the younger members of Co-op Services Credit Union. Children, ages 0 to 17, are eligible to enroll in a new savings program called “Next Generation Savings Club.”

“Our experience with members tells us that financial literacy is important to achieving financial independence and success,” said Co-op Services CEO Anthony Carnarvon. “The younger we can start to teach members how to save and manage their money, the better prepared they will be when they enter adulthood.”

In addition to receiving a special passbook and membership card, participants in the “Next Generation” program will be eligible for various savings incentive awards. The credit union also plans several school-related programs and quarterly newsletters—one specially designed for children up to age 13 and another for teens.

Carnarvon added, “Co-op Services Credit Union has had a longtime commitment to education through our annual scholarship program, and this new program will enhance our ongoing efforts to educate members about taking financial responsibility.”

Co-op Services Credit Union has approximately 44,000 members, maintaining branch offices in Dearborn, Livonia, Walled Lake, Westland and Downriver. Members also have access to any of 23 Family Service Center shared branches located throughout Michigan. For more information about Co-op Services, visit the credit union web site at www.cscu.org or call 800.321.8570, toll free.

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Media Contacts:
Russ Kotila
Co-op Services Credit Union
734-466-6106
rkotila@cscu.org

Margaret Blohm
Margaux & Associates, LLC
313-406-3467
mblohm@margauxpr.com

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