2. Y&F Ontario-Facts
• Libro Financial Group – London, ON
• United Community CU– Windsor, ON
• Assets: $1.78 Billion / $690 Million
• Members: 54,000 / 36,000
• Branches: 15 / 10
5. Goals:
•Build relationships with students &
schools/school boards
•Educate students on ‘money smarts’
•Increase awareness of the YF brand
& our go free bundle
•Increase # of new accounts
6. How we connected:
•Fun events
•Random acts of ‘freeness’
•Leveraged existing contacts at the
schools (teachers, principals,
guidance)
•Sponsored a youth fair
11. Savings From Junk Food
• $7 for fast food lunch
• 3 lunches/week
• 5 years
• 3% compound interest
• Total Saved $5882.47
12. Loan Payments – Used Car
Purchase price $10,000
Plus tax (loan amt) $11,300
Interest rate 5%
Repayment term 3 years
Monthly payment $338
Total repayment $12,192
Total interest paid $892
13. Negative Impacts On Credit
• Missed due dates
• Large # of credit cards
• Apply for too many at once
• Declaring bankruptcy
• Large balances
14. Young & Free Ontario
• Free chequing to age 26
• Savings, advice, your own Coach!
youngfreeontario.com
libro.ca/student
myunited.ca/student
15. To date approx. 18 presentations
have been made with many more
planned for this year!
Feedback from CU staff…