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photo of Bayport employee and Kraft student.

Kraft Elementary School partners with BayPort Credit Union to teach students the importance of saving

Kraft Elementary School and BayPort Credit Union have teamed up to help students learn the importance of saving.  Students, with the help of Becca Graca, the youth financial educator at BayPort, have the opportunity to set up accounts.  In addition to being able to deposit and withdraw their money at any BayPort branch, students can make deposits once a month at the school.

Graca previously shared information with parents at Back to School Night and on Wed., Sept. 28, students had their first opportunity to open their account and make deposits at the school.

Immanuel Rodriguez, a fourth grade student, made a deposit of $11.52 into his new account.

photo of Kraft students speaking with a Bayport Credit Union employee.When asked about why he decided to put his money into a savings account, Immanuel said, “so that in the future I can buy stuff for my kids and me.”  He said some of the money came from his mom and some he earned from helping out.  He said he plans to save all of the money he earns.

Graca serves several other schools in the area, including Kecoughtan High School, Syms Middle School and Aberdeen Elementary School in Hampton.  She is planning to provide 20-30 minutes of financial education to all of the schools that are currently partnering with the credit union.

“I think when the students start young in saving their money, they develop a habit – like brushing their teeth,” said Graca.  “They are so excited to learn about money.”

Kraft plans to hold their official ribbon-cutting ceremony for their credit union at 7:30 a.m. on Oct. 26.


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