YOUtH MaKE A DIFfEREnCe

Welcome to our web page designed to keep our young members informed of all the services available at G.A.P. Federal Credit Union in order to assure your financial future is smooth sailing.

SAVE UP TO 90% @ BARNES & NOBLE on New and Used Textbooks...

From now through September 20th,  you can save up to 90% on used textbooks and up to 30% plus free shipping on all new textbooks at Barnes & Noble. Go to:  http://cts.vresp.com/c/?CUTSPM/1f6ad008bc/c637ee1299/5ef8e3d5c1 and start saving today! Just because you are a G.A.P. Federal Credit Union member!!

 It's A Birthday Party for YOU!
 
Thank you to all who joined us during
YOUTH WEEK 2010!

Coloring Contest winners to be announced!

$22.50 - KENNYWOOD - Reg $35.99
Juniors (46" & under) are sold at the gate - $22.99 
Seniors 55+ Sold at gate - $17.49
Children 2 and under - FREE

$25 - IDLEWILD – Reg $29.99
Seniors 55+ Sold at gate - $21.99
Children 2 and under - FREE

$20 - SANDCASTLE – Reg $29.99
Junior Whitewater (under 48") Sold at gate - $19.99
Regular Senior 55+ Sold at gate - $19.99
Children 2 and under - FREE
Parking - $6.00

START SMART: MONEY MANAGEMENT FOR TEENS How to Save, Spend & Protect your Cash.

Thrive by FiveTM: Teaching Your Preschooler About Spending and Saving--free activities and other resources for parents who want to encourage healthy attitudes about money in young children.

Open a Coverdell ESA (Education Savings Account) - 
The gift that keeps on giving!

Seeing a child get a good education is every parent's dream. But you may be wondering how you'll pay for rising elementary, high school and college education costs. A Coverdell ESA, formerly known as the Education IRA, may be the answer.

Anyone who meets the income requirements can open and contribute to a child's account. This includes grandparents, aunts, uncles and family friends. 

The Coverdell Education Savings Account is a tax-privileged savings vehicle that replaces and improves upon the old Education IRA (individual retirement account).

Contributions are limited to $2,000 a year per beneficiary, which amounts to about $166 a month. Bit by bit, those savings can accumulate into a tidy sum.

“In terms of the $2,000 a year, that is sufficient for most families to pay for college if you start early enough,” says Mike Arnow, a certified public accountant and certified financial planner in Glendale, Wis.

The chief feature of the Coverdell account is that it shelters investment growth from the tax collector. That means that savings set aside in such accounts--plus the earnings they make--are fully available for qualified school bills.

Besides protecting earnings from taxes, Coverdell accounts offer investment flexibility, transferability, and tax-free withdrawals to cover education costs such as books, tuition, and room and board. And they’re not just for college kids.

“The Coverdell could be used at any school, public or private, and even for grammar school and high school,” Arnow says. They’re also available for students with special needs, regardless of their age.

Coverdell contributions must stop when the child reaches 18, and the account must be spent on schooling by the time the beneficiary reaches 30, unless the student has special needs. Otherwise, the earnings could be subject to income taxes as well as a 10% penalty.

However, unused portions of the Coverdell account may be transferred to a relative--a sibling, niece, nephew, even cousin--to keep the education savings in the family and avoid tax penalties. CONTACT US TODAY FOR MORE DETAILS!
COVERDELL ESA 36 MOS* 
CERTIFICATE OF DEPOSIT
For current rates **
*includes Traditional IRA, Roth IRA & COVERDELL ESA
**all rates subject to change

Education Planning
Education Tax Exclusion

The savings bond education tax exclusion permits qualified taxpayers to exclude from their gross income all or part of the interest paid upon the redemption of eligible Series EE and I Bonds issued after 1989, when the bond owner pays qualified higher education expenses at an eligible institution.

Special tax benefits are available to qualified owners of EE Bonds under the Education Savings Bond Program. For more information, see Tax Reporting for the Education Savings Bond Program

My credit union...where I belong 

Do you know how credit unions are different from banks? How credit unions serve you, the member? Why credit unions began and succeeded?

Social Networking Sites: Safety Tips for Tweens and Teens.OnGuardOnline.gov provides practical tips from the federal government and the technology industry to help you be on guard against Internet fraud, secure your computer, and protect your personal information.

Make sure your child's web environment is safe. Logon to any of the following sites for more information:

www.GetNetWise.com      www.BeWebAware.com     www.isafe.org

FactFinder at Kid's Corner sponsored by the U.S. Census Bureau

Kids.gov - The official Kid's Portal for the U.S. Government

STUDENT LOANS WEIGHING YOU DOWN??

Your not alone! Lots of people have dealt with the frustration of student loans before.  Some of what they did worked. Some of it didn't. www.youcandealwithit.com has gathered everything that helped them, to help you!  Just logon and take a look!