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Mind & Money

Real-world financial lessons, real-time earnings.

boy doing laundry

Introducing ... Mind & Money!

leroy butler mind and money

Mind & Money is a game changer! We can reward my son for good grades, assign chores, and even teach him valuable financial lessons right from our phones.
-LeRoy Butler, Pro Football Hall of Famer

Real-world financial lessons, real-time earnings.

Being a parent can be busy! Mind & Money* is a FREE tool that helps parents or guardians strike the perfect balance between rewarding their children and teaching them real-world financial lessons.

Mind & Money makes it easier for parents and guardians to give their children money for receiving good grades, completing chores and tasks, making sound financial decisions, and so much more!

They can even spend the money they earn with their very own debit card. It just makes cents!

OPEN A JOINT ACCOUNT in-branch

OPEN A JOINT ACCOUNT With connect cam™

mom and child on mind and money app

Real-World Financial Lessons

Children and teens can:

  • Dollar Bill

    Learn the importance of money management.

  • Loan Options 2

    Create and track savings goals.

  • Dollar Sign 2

    Borrow money from parents with or without interest.

  • Calculator 2

    Set financial goals and stick to a budget.

Real-Time Earnings

Children and teens can:

  • Dollar Bill

    Earn allowance.

  • House Dollar

    Get paid for doing chores and tasks around the house.

  • Gift Box

    Get rewarded for good grades and other accomplishments.

  • Dollar Sign 2

    Request money.

  • Card with Stars

    Receive their very own debit card.

Enrolling your child in Mind & Money is easy!

If your child already has an Educators account, and you are a joint owner, just log in to Online or Mobile Banking and click Mind & Money under the “Accounts” tab to get started.

Once enrolled, no additional accounts, app downloads or sign-in credentials are needed! If your child doesn’t have a savings or checking account with Educators Credit Union, please click here to open an account with Educators Connect Cam™.

Frequently Asked Questions for Parents and Guardians:

Mind & Money encourages kids and teens to learn how to save money and build strong financial habits through an interactive tool available in Online Banking and the Mobile Banking app. Mind & Money allows you to assign tasks to your young saver and financially reward them for successfully completing the tasks. You can also reward them for getting good grades and making good financial decisions by easily transferring money from your Educators account to theirs.

You can also lend your child money, pay them an allowance and send them spending money through this simple tool. For every good financial decision your child makes, they’ll be awarded a trophy!

To enroll in Mind & Money:

  1. You and your child must have an active Educators account in good standing.
  2. You must be listed as a joint owner on your child’s Educators account.
  3. You’re required to have Online or Mobile Banking access. It is preferred that your child has their own Online Banking credentials. If you feel your child is too young to access Online or Mobile Banking, you can mark tasks complete and submit requests on your child’s behalf.

Yes. Visit any Educators branch or use Educators Connect Cam™  to open an account.

Yes. Both you and your child(ren) must have an Educators account to use Mind & Money. Visit any Educators branch or use Educators Connect Cam™ to open an account.

An Educators savings, checking or money market account can be used with Mind & Money to provide rewards and money transfers.

Frequently Asked Questions for Children:

The Mind & Money program encourages kids and teens to learn how to save money and build strong financial habits first-hand through an interactive tool available in your Online Banking account and the Educators Mobile Banking app. Mind & Money allows your parent or guardian to assign tasks to you and financially reward you for successfully completing the tasks, getting good grades and making good financial decisions by easily transferring money from their Educators account to yours.

Your parent or guardian can also lend you money, pay you an allowance and send you spending money through this simple tool. For every good financial decision you make, you’ll be awarded a trophy!

Your parent or guardian must enroll you from Online or Mobile Banking by clicking on Mind & Money under “Accounts.”

To set a budget with your parent or guardian:

  1. Sign into Online or Mobile Banking and open Mind & Money under “Accounts.”
  2. On the “Overview” tab, select “Create/Update budget.”
  3. With your parent’s or guardian’s help, enter your total deposits, expenses, short-term savings, long-term savings, charitable giving and spending goals for the month.
  4. Once complete, select “Submit.”

You can earn a trophy by completing any of the following requirements:

  • Make five loan payments on time.
  • Pay off a loan.
  • Reach your savings goal.
  • Complete a monthly budget.
  • Complete 10 tasks.

To view your place on the trophy leaderboard, you must:

  1. Sign into Online or Mobile Banking and open Mind & Money under “Accounts.”
  2. Select the “trophies earned this month” button next to your avatar photo at the top of the page.
  3. Select the “Leaderboard” tab.
  4. You can view your place on the leaderboard for your household and your place on the leaderboard for all Mind & Money participants at Educators.

 

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