Long John Saver Kids Club

If your parent is already a Beach Municipal FCU member, have them visit one of our branches to open a Youth Account for you. Make sure they know what to bring with them when they open your account.

If your parent is not an existing member, have them review your membership qualifications on our Who Can Join page.

If you already know you're eligible for membership, visit the Open an Account page to review the steps and account opening instructions.

When you turn 13, your Long John Saver Kids Club account will automatically convert to a Pipeline teen account. There, you'll be able to paddle out to The Pipeline and learn how to turn that loose change into something you really want. Whether it's a car or a college education, The Pipeline is your tool for money management.

Our Youth Share Certificates are exclusively for our Long John Saver & Pipeline members!

• Available in the amounts of $50 and $100 only.
• 5% APY.^*
• 60-months terms.
• Members are limited to a maximum of $1,000 in Youth Share Certificates at any one time.
• Member must have a Long John Saver or Pipeline account to qualify.
• A maximum of two new Youth Share Certificates may be purchased per 30-day period. 
• Funds used to purchase the Youth Share Certificates must be new money deposits or money already on deposit in the member's Long John Saver or Pipeline account.

Share certificates are a great way to teach children the importance of saving and offer a hands-on lesson on how dividends can make their money grow!

• Winter 2022
• Summer 2022
• Spring 2022
• Winter 2021
• Fall 2021
• Summer 2021
• Spring 2021

Want to learn more about money or just have some fun?  Check out the following links.  Be sure to get your parent’s permission first because you'll be leaving Beach Municipal FCU's site!
 

	Learn more about money from the US Mint's site, HIP Pocket Change!
	Find out where your dollar bill has been!
	Do some coloring at crayola.com!
	Learn about the government.
	The Yuckiest site on earth!
	Hang out with the PBS Kids!

A budget is a way to keep track of your money. When you budget your money carefully, you can buy the things you want, instead of hoping to get them on your birthday or the holidays.

Long John Saver’s Budget

Income:
Allowance: $5
Money earned washing the car: $3
Money earned mowing the neighbor’s lawn: $7
Money earned from cleaning the garage: $10

Expenses:
Went to movies: $6.50
Bought popcorn and drink at movies: $4.50
Helped sister pay for Mom’s birthday present: $5
Deposited into his account: $5

How much was Long John Saver’s total income?
Answer: Total income = $25 ($5 + $3 + $7 + $10)

How much were Long John Saver’s total expenses?
Answer: Total expenses = $21 ($6.50 + $4.50 + $5 + $5)

How much does he have left over?
Answer: He has $4 left over ($25-$21).
 

Long John Saver wants to buy a new bike that costs $75.

If he saves $5 each week, how many weeks will it take him to save $75?
Answer: At $5 each week, it will take him 15 weeks ($75 divided by $5).

Knowing how to count money is very important. People who work with money all the time, like people at Beach Municipal FCU and cashiers in a store, use a special way to make change very fast. It's a lot faster than writing with a pencil on paper or even looking at a calculator. Here's how it works:

Example One -
Let’s pretend you are selling candy bars for $.55 each. Long John Saver gives you a dollar. How much change do you owe him?
1. Say the cost of the item.
2. Add the fewest coins to get to 25, 50 or 75.
3. Then add quarters to get to the dollar bill.
Answer: If Long John Saver gave you $1, you’d give him $.45 in change.

Example Two -
This time let’s try it with bills larger than one dollar. (Remember to count single bills until you get to the bill given.) Let’s pretend Long John Saver needs a new pirate hat. He picks out one that costs $6.23 and gives the cashier $10.00 to pay for it. How does the cashier make change? (Tip: it's best to count each coin and bill total out loud.)
1. Say the cost of the item
2. Add the fewest coins to get to 25, 50 or 75.
3. Now add quarters to get to a dollar.
4. Finally, add bills to get to $10.
Answer: If Long John Saver gave you $10, you’d give him $3.77 in change.

Example Three -
Your parents have a yard sale, and you sell your old soccer ball to Long John Saver for 2.50. He gives you a $10 bill. How much change should you give him? (Remember: Don't use five singles when you can use one $5.)
1. Say the cost of the item
2. Add the fewest coins to get to 25, 50 or 75.
3. Now add quarters to get to a dollar.
4. Finally, add bills to get to $10.
Answer: If Long John Saver gave you $10, you’d give him $7.50 in change.

A credit union is a place where people keep their money.

These people usually have something in common, such as where they work or volunteer.

You and other members put money into savings accounts, which are called Share Accounts. This money is then given to other members as a loan, where these members will pay back the loan amount plus an extra amount of money called interest. Then you and the other members will get paid extra money from the credit union for letting us use your money. The extra money that you earn in your Share Account is called dividends.

Credit Unions are a lot like other financial institutions, such as banks, but there is one major difference.  The people who own a bank are called stockholders, and they may not be the same people who save money there.  A credit union is owned by its members.  You’re a member of Beach Municipal FCU’s Long John Saver Kids Club.

That means YOU own a piece of the Credit Union!