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CU Succeed for Teens
CU Succeed is for POLICE Federal Credit Union of Omaha members age 13-18.
Open a savings account and save money for college, a car, and anything else you need! For members 16-18 you can open a checking account with your parent(s) as the joint owner.

Need a car loan? Call the Loan Department at 391-2224. You will need your parent(s) as a cosigner.

The credit union can provide you with lower rates and less fees on your accounts than at other financial institutions. We sponsor special events and mailings throughout the year on topics that interest you such as college, cars, career, and summer job hunting.

ROBERT SKLENAR MEMORIAL SCHOLARSHIPS
The Police Federal Credit Union is proud to announce the 2010 winners of the Robert Sklenar Memorial Scholarships – John Henthorn and Tyler Friend!
2010 Scholarship Winners
First place winner John Henthorn (left), 18, son of members Steve and Janet Henthorn of Omaha, became a member of the Credit Union at the age of 2 months in 1992. John graduated from Millard West High School in Omaha and plans on attending the University of Nebraska In Lincoln in the fall where he’ll be majoring in Chemistry. John enjoys track and reading, with Stephen King being one of his favorite authors.

Tyler Friend (right), 19, son of members John and Karen Friend of Omaha, also became a member in 1992. Tyler graduated from VJ and Angela Skutt Catholic High School and also plans on attending UNL, majoring in Criminal Justice. He likes sports, especially football, and hanging out with his friends.

Congratulations John and Tyler! We wish you good luck and great success in your college endeavors and future plans. We also want to thank all of our high school senior members who participated in the 2010 Scholarship Essay Contest. We wish you the best of luck with your future plans and we hope to remain your financial institution of choice now and throughout your lifetime.

The Police Federal Credit Union annually awards $1,000 scholarships to two (2) student members who plan to continue their education. These scholarships are named in honor of our late friend and former Board Member, Robert Sklenar (pictured at right). To be eligible, the student must be:

• Graduating from high school in the spring of 2011.
• Attending an accredited college, university, vocation, or trade school in the fall of 2011.
• Able to write a 1,000-1,500 word essay on the following topic: “What ‘closed membership’ credit unions can do to attract younger members.” (Please note: Make sure you research what “closed membership” credit unions are, as well as what your credit union already does to attract younger members so as not to suggest ideas already implemented, as this will result in a lower point score.)
• A primary member of  the Police Federal Credit Union for at least 12 months and in good standing. Note: You must have your own account. Parent or guardian membership does not qualify you for the scholarship.

Judges evaluate the essays on predetermined, point-based criteria. Names are taken off the essays before being given to the judges to ensure impartiality.

Winners are given scholarship funds upon receipt of proof of intent to attend college (acceptance letter, registration, etc.). Winners are notified by phone and awards are presented at our Annual Meeting in April. Funds are deposited directly into the winners' Credit Union accounts. 

For scholarship applications or additional details, contact Linda. New scholarship information will be available in December.

Click on this link for new CU Succeed topics and information CU Succeed

Credit Union Debit Cards Bridge Cash and Credit Gap for Teens
Cash...you hate asking for it and your parents hate doling it out. You want to have access to funds--but your parents aren't sure if you are responsible enough to handle a credit card. A Police Federal Credit Union debit card could be the answer. Unlike a credit card, which is essentially a loan to pay later, a debit card works the same as a check or cash, and deducts money from your share draft/checking account immediately. Everyone wins...you learn to be a responsible money manager and your parents won't have to drain their wallet every time you need cash.


Money Management Budget Work Sheet
Money management is a skill that's never too early to learn. No matter how much money you earn, it's important to save and spend it wisely. And remember, sacrificing some short-term wants now will help you save the money you need to buy bigger things later. Track your spending with this Budget Work Sheet.


Finding a Summer Job
Before school is out for the summer, check with your high school Guidance Office and ask how they can assist with your job search. They may have postings for local businesses, for babysitting or for other part-time positions.

Next, tell everyone you know that you're looking for work. Speak with teachers, family, coaches, friends, parents of friends - anyone and everyone you can think of - and ask for help. Most jobs are found through referrals and people you know are often happy to assist.

How about starting your own business? Consider your own skills and interests as well as the needs of the local economy where you will be spending your summer. Possible ventures include babysitting, lawn mowing, house painting, designing and marketing T-shirts, caring for pets while people are on vacation, car detailing, etc.

Here are some more teen job search tips that will help you find a job - fast!

Online Job Searching
Start your online job search by visiting the sites that focus on teen job opportunities. Searching Snagajob.com for example, by type of position and location will generate a list of openings. There's also a list of national employers that hire part-time workers. Enter your zip code and how many miles you're willing to travel into Unicru's search engine and it will give you a list of jobs that meet your requirements. Check the part-time job sites as well. That way, you will review a broad spectrum of potential opportunities and you'll be able to decide what sounds most interesting to you.

Employers in fields like retail and hospitality often are very interested in hiring teens and are willing to provide training. Search by the category of employment you're interested in. This will generate some more leads.These types of employers often don't advertise, so check with the stores or restaurants in your town to see if they have openings.

Don't forget to check the local jobs sites for your city or state, as well as the Employment Services job listings and the Help Wanted ads in your newspaper. Small local papers usually have listings too.

Teen Job Interviews
Next, make sure you dress appropriately, are ready to complete an application, and are prepared for an on-the-spot interview. Good luck on your job search!

If you have comments or suggestions for the CU Succeed web page, please e-mail Linda.

Links to some cool sites!
The following links are provided as a service to the credit union's members. Selecting one of the links on this page will take you to a website that is not controlled by the credit union. The credit union does not accept any liability for the content of these links. Just so we're clear, you're taking your chances when following these links.

FastWeb Free Scholarship/College Search
Q98.5
Savings Bond Wizard
Savings Bond Calculator
Monster.com
Dr. Math
MTV
ESPN
CNN Sports Illustrated
Seventeen
Games

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