Lurgan Credit Union Limited 40 Church Place, Lurgan, Craigavon, Co. Armagh, BT66 6EU Tel: (028) 3832 5016 website: www.lurgancu.com

May 2012

School Savings Scheme Introduction

Dear Parent/Guardian

As you may be aware, Lurgan Credit Union Ltd. and Rowandale Integrated Primary School have worked together for many years to provide opportunities and challenges for your children in the many competitions arranged.

Lurgan Credit Union Ltd. and Rowandale Integrated Primary School are setting up a school savings scheme which will operate via the school. The purpose of the School Savings Scheme is to encourage children to start saving on a regular basis from an early age. As part of the Northern Ireland Curriculum, schools now have to introduce and develop their pupils’ understanding of Financial Capabilities. Part of this includes the need to save and an understanding of how savings schemes, banks etc operate. Therefore, as part of Rowandale Integrated Primary School’s efforts to increase our links with the community/local businesses, we feel that the existing link with Lurgan Credit Union could be further developed by introducing the School Savings Scheme.

The savings scheme will operate on a weekly basis and will be completed in the school on each week that the school is open. A Credit Union account will be opened for each pupil, which will record all lodgements made by the pupils. If the pupil already has an account with the Credit Union, they can use this account to save through the school.

If you wish your child to join the school savings scheme please complete the parental consent form attached providing your child’s details for the account opening and the authorisation for the school to forward a copy of the child’s birth certificate to the Credit Union. The account opening process will commence from 1st June 2012. We hope to commence the collection of savings from Wednesday 6th June 2012 and every week thereafter.

Please note that all withdrawals must be made at the Credit Union offices at 40 Church Place, Lurgan during normal opening hours.

Should you have any queries on the school savings scheme, please do not hesitate to contact Claire or Siobhan at Rowandale Integrated Primary School or Fiona Clarke at the Credit Union on the above numbers.

Yours sincerely

Mrs C. Neill Mrs F.Clarke