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CommonWealth One Federal Credit Unionís Home Run Reading Challenge Encourages Literacy, Financial Education with Cash Rewards

The Home Run Reading Challenge awards cash incentives to youth ages 3 to 12 for reading books about responsible money management this summer.


Alexandria, VA, USA – WEBWIRE

CommonWealth One Federal Credit Union is encouraging youth to read and learn about responsible money management this summer. Through the Home Run Reading Challenge, youth will be able to earn money for reading books about personal finance.

CommonWealth One Federal Credit Union provides a list of personal finance-related books for children ages 3 to 12. Parents can then download a reading log, have their child complete it and return it to CommonWealth One by August 31, 2017.

Participating youth will be awarded $5 for each book they complete and will earn a $5 bonus (for a total of $25) if they ďhit a home runĒ and read four books. The reward money will be deposited into the readerís youth account at CommonWealth One. More information and the reading list are available at www.cofcu.org/grow-learn/youth-programs/home-run-reading-challenge.

Close to 60 students participated in the Home Run Reading Challenge in 2016, the programís first year. The students earned more than $1,400.

Feedback from parents in 2016 was overwhelmingly positive. One parent stated, ďMy children were very motivated to read financially-themed books because of the summer reading promotion sponsored by CommonWealth One FCU. This is one of the family-based incentives that keep your customers loyal! Thank you to CommonWealth One for being so creative in devising ways to involve the ENTIRE FAMILY in financial conversations.Ē

Educating youth and all members of CommonWealth One is a core component of the credit unionís mission. The Credit Union National Association (CUNA) honored CommonWealth One through the Desjardins Financial Education Awards program in the youth category. The NCUA started the Desjardins program as a way to honor credit union leaders working to educate members.
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About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union, headquartered in Alexandria, Virginia, has grown to become one of Washington, D.C. and Northern Virginiaís top credit unions. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being its membersí lifetime financial partner. CommonWealth One has branches in Washington, D.C., and in Alexandria and Harrisonburg, Virginia, including at James Madison University.



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