Debit Cards for Children – Pros and Cons

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Happy birthday, K9 Apollo! Stay safe!

Happy birthday, K9 Apollo! Stay safe!We said yesterday there was another birthday boi coming up!! Today is K9 Apollo’s 2nd Birthday!!

Not often that you have back-to-back birthdays of such good bois!!!! Everyone wish K9 Apollo the happiest of birthdays!

#k9 #birthdayboi #birthdaycelebration
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1 day ago
Thank you!
#TelecommunicationsWeek!

Thank you!
#telecommunicationsweek!Big shoutout to all the amazing dispatchers keeping us safe and connected on #TelecommunicationsWeek! Your hard work does not go unnoticed 🚨📞💼

Dispatcher Cora Thorp has served this department for over 10 years. Thank you Cora for your dedication.
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1 day ago
Happy, happy birthday, K9 Ace!! Stay safe!Image attachmentImage attachment

Happy, happy birthday, K9 Ace!! Stay safe! ... See MoreSee Less

1 day ago

National Police Credit Union is honored to welcome the Munster Police Department (Indiana) into our field of membership. We look forward to serving you and your families. ... See MoreSee Less

2 days ago
Thank you, Dispatchers!!!!
#TelecommunicationsWeek

Thank you, Dispatchers!!!!
#telecommunicationsweekWhile they won’t be saying “Aloha” when they answer the phone, they are dressed for island time! Sheriff Crawford is proud to honor our wonderful Communications Unit this week during National Public Safety Telecommunications Week. We surely have the best!

#telecommunicationsweek #celebrate #dispatchers
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3 days ago
Thank you, Dispatchers!!!!
#TelecommunicationsWeek

Thank you, Dispatchers!!!!
#telecommunicationsweekFrom all of us at Parkers Mill Fire to Pulaski County 911 Center and surrounding 911 centers, We appreciate all the hard work keeping all agencies, and the community safe! Wouldn’t be able to do it without you guys! #telecommunicationsweek
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3 days ago
Thank you, Dispatchers!!!!
#TelecommunicationsWeek

Thank you, Dispatchers!!!!
#telecommunicationsweekHappy Telecommunications Week! We here at the Itawamba County Sheriff's Department want to thank all the hardworking dispatchers out there! We want to take a moment to show our utmost respect, appreciation, and admiration for the vital role you play in emergency situations. Your calm voice and quick thinking bring peace in moments of chaos. Thank you for your dedication and selfless service, we couldn't do it without you!
#ThankYouDispatchers #TelecommunicationsWeek #RespectAndAdmiration
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3 days ago
Thank you to all of the Dispatchers who live behind the scenes, but are always front and center!!
#TelecommunicationsWeek

Thank you to all of the Dispatchers who live behind the scenes, but are always front and center!!
#telecommunicationsweekBig shoutout to all the amazing dispatchers keeping us safe and connected on #TelecommunicationsWeek! Your hard work does not go unnoticed 🚨📞💼

Dispatcher Denise Roberts has served this department for over 10 years. Thank you Denise for your dedication.
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3 days ago
Thank you for 40 (!!!!) years of service!! We truly appreciate your many years of dedicated service. All the best and every success in your retirement. Stay safe!

Thank you for 40 (!!!!) years of service!! We truly appreciate your many years of dedicated service. All the best and every success in your retirement. Stay safe!Last night at the board meeting, the Naperville Park District and its commissioners recognized Park Police Officer Arzania "Zook" Williams for his dedication and service to the community over the past decade as a Park Police Officer as he prepares to retire. Congratulations and best wishes for your retirement, Zook!

#ParkItInNaperville
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3 days ago
Thank you for 44 (!!!!) years of service!! We truly appreciate your dedicated service and wish you all the best in your retirement. Stay safe.Image attachmentImage attachment+Image attachment

Thank you for 44 (!!!!) years of service!! We truly appreciate your dedicated service and wish you all the best in your retirement. Stay safe. ... See MoreSee Less

3 days ago
YES!!
#Superheroes

YES!!
#superheroes
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5 days ago
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6 days ago
Happy birthday, K9 Luka 💙💙💙💙!!!!
Stay safe!

Happy birthday, K9 Luka 💙💙💙💙!!!!
Stay safe!Ok, 0k..we might’ve overloaded you with doggo cuteness lately, but today is a special occasion - K9 Luka is turning 2!!! 🥳

Happy birthday Luka!! Your endless happiness makes each day brighter but today is all about you. Enjoy your special day! 🎉

And we have another birthday boi celebration lined up for tomorrow….check back to see who it is!!!! 👀

#k9 #birthdayboi #celebrate
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6 days ago
Thank you!! Stay safe!

Thank you!! Stay safe!Give Trooper Skiles and Trooper Toal some gratitude this morning. ... See MoreSee Less

6 days ago
Congratulations and thank you! Stay safe.

Congratulations and thank you! Stay safe.We forgot to post this yesterday.

Today, we celebrated a promotion with Deputy Duggan and his family. He was promoted to the rank of Sergeant and sworn in with the Oath of Office. We expect great things from Sergeant Duggan, and we believe that Sergeants in our office hold the greatest responsibility to their squads, the communities they serve, and this office. Congratulations, Sgt. Duggan!

#Promotion #Sergeant #Congratulations #Leadeship #teamgreen💚
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6 days ago
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Thank you for 34 years of service! Enjoy your retirement and stay safe!

Thank you for 34 years of service! Enjoy your retirement and stay safe!Congratulations to Billy Delgado on his 34 years of dedicated service to the City of Corpus Christi. We hope you enjoy your retirement. ... See MoreSee Less

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Debit Cards for Children – Pros and Cons

It is never too early to begin to teach children about the value of money.  It can be very helpful to a child to develop an understanding and an appreciation of how money is earned and the expense of everyday items and that education is essential for a child to have before they are given access to a debit card.  The responsibility of using a debit card and the many things that can go wrong if it is used incorrectly or recklessly  are lost if someone, anyone, is using that card without that education.

If a parent or guardian is confident that the child has gained an understanding and appreciation for money and the responsibility of using a debit card, the next step is to establish the purpose of issuing that card to that child.  The only purpose that really makes sense is to further that education through actual application and to do so while providing oversight and discussing what is being learned along the way.  Parents should not fool themselves into thinking that issuing a debit card to a child is solely a matter of convenience or to somehow make their job easier.  It is the perfect opportunity to create a learning experience and to talk about decision making as well as the costs of items and services and the justification of those costs.  What did you spend monay on today?  Why did you spend that money?  What value did you receive or what did you gain from buying that item?

If a parent is willing to put in the time to educate a child about the use of a debit card, to define a purpose for that card, and then measure the usage and talk about the experiences gained along the way, the parent is ready for that card to be issued and the child is very likely ready to responsibly use that card.

It is also important to establish any applicable limits and to talk about best practices.  Here are few things that I tried to teach my kids over the years:

Do not use your debit card for on-line purchases.  Cyber crime is growing exponentially and much of it is proliferated through websites and on-line transactions.  If fraud is committed and it affects your debit card, you will get your money back, but until that occurs your actual money is gone.  Use one credit card for on-line purchase whenever possible.

Be careful when you use your card.  When you enter your pin, ensure that no one can read the numbers you are typing in.  Use the card at businesses you know.

Do not use your card for all purchases.  When and where possible, use cash for your purchases, especially for small items.

Always be aware of the money that is in your account.  Fees can rack up quickly when you are spending without regard to how much money you have on hand.

Review your transactions regularly just to make sure you made all of the purchases reflected on your account.

Parents also have to be willing to ask some of these questions of their kids and to regularly discuss what is going on with their kids’ finances.

If parents/guardians and their children are willing to take these steps, the positives of allowing a child to use the debit card will far outweigh the negatives.

For additional tips and assistance with all of your budgeting and financial planning needs, please contact the Credit Union’s Financial Planning and Education Center, which  offers FREE AND CONFIDENTIAL Credit Counseling for members and your immediate families. Our Credit Counseling services are led by our Trusted Business Partner, Certified Credit Union Financial Counselor Gwendolyn Hawkins, who has been assisting our families Law Enforcement with their Credit needs for over 25 years.

Scott Arney
Chief Executive Officer
Chicago Patrolmen’s Federal Credit Union

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