Kid’s Clubhouse

Welcome to The Kid's Clubhouse!


Hey, what can we say. It's all new! And lots of fun, too!

Here are a few highlights you won’t want to miss while browsing Kid’s Clubhouse.

What is a Credit Union?

And who can become a member of Old Ocean Federal Credit Union?

Make Change

Would you like to learn how to "make change"?

boy in school


We will show you how dividends are earned and interest is paid.

Play Games

Play a game with the credit union words you just learned.


Ideas for earning money

Kids running into school

What is a Credit Union?

Many people save their money in a credit union. These people usually have something in common, such as their place of work.

You and other members put money into savings accounts which are called Share Accounts. This money is then given to other members as a loan, where these members will pay back the loan amount plus an extra amount of money called interest. Then you and the other members will get paid extra money from the credit union for letting it use your money. The extra money that you will earn in your Share Account is called dividends.

The credit union’s main purpose is to give member-owners the best banking services. Old Ocean Federal Credit Union thinks that it has chosen a not so impossible mission.

Who can become a member of Old Ocean Federal Credit Union?

Credit Union banking services may be available to select groups of employees, students, retirees, persons who belong to a local community or organization, etc.
People who are related to a current Member can join Old Ocean Federal. This includes kids, spouses, aunts, uncles, grandparents and grandchildren. People who share a residence with a current Member can also join Old Ocean Federal.

"Once you're a Member, you're Always a Member"

Group of kids running in field

Earning Interest

Old Ocean Federal Credit Union pays you extra money for keeping the money you save in your account. This extra money is called “dividends.” The amount of dividends your account earns determines how quickly your money grows.

If The Rate of Interest Earned Is...

0 %
0 %
The more money you deposit (put in your account), the more money in dividends you will earn. For instance, see the difference in your earnings if you deposit $100 or $1,000 at % earned interest.

P.S. Members who deposit money in their credit union are called shareholders because they actually own a share of the credit union.

At the end of 1 year your $100 earned $2.50 in dividends.

At the end of 1 year $1,000 earned $25.00 in dividends.


When a member wants to borrow money to buy a car or house or other big items, they go to Old Ocean Federal Credit Union for a loan. A loan is an amount of money given to the member for a certain amount of time. It will have to be paid back to Old Ocean Federal along with an extra amount of money. This extra amount of money is know as interest. The amount of interest asked from members is higher than the amount of dividends paid to the members. The money a credit union has left over after paying dividends to shareholders is the credit union’s money to pay expenses**.

The example below helps to explain how credit unions can pay you dividends and earn money, too.

It's as simple as 1 2 3

Male icon

Johnny A. Member deposits $100

Interest rate – 2.5%

Info Amount
Info Money on deposit
Amount $100
Info Interest @ 2.5%
Amount $5
Info Total in account
Amount $105

Johnny earns dividends

female icon

Suzy Q. Member takes out a loan

Principal* $80 | Interest rate 10% | Time to repay 1 year

Info Amount
Info Principal
Amount $80
Info Interest @ 10%
Amount $8
Info Total to be paid
Amount $88

Suzy pays interest


Old Ocean earns money to pay expenses

Info Amount
Info Interest received from loan
Amount $8
Info Dividends paid to share holder
Amount $5
Info The amount that pays expenses
Amount $3

**Expenses are: salary to employees, supplies, etc.
*The principle is the amount of the loan without the interest added.

The examples above were calculated in simple interest.

Do You Have a Budget?

A budget is a way to keep track of your money.
With careful budgeting, you can save for the things you want,
instead of waiting to find out if you’re going to get them on your birthday or the holidays.

Male icon


  1. How much was Johnny’s total weekly income?
  2. How much were Johnny’s total weekly expenses?
  3. How much money does Johnny have left in cash?

Johnny wants a new video game. It costs $50.

  1. How long will it take Johnny to save for it if he deposits $5 a week in his share savings account?
  2. What if he deposits $10 a week?
  • Weekly Income = $25.50
  • Weekly Expense = $15.75
  • Cash Leftover = $9.75
  1. 10 weeks
  2. 5 weeks

Weekly Income

Income Type Amount
Income Type Allowance
Amount $5
Income Type Money earned walking the dog
Amount $3
Income Type Earned money from paper route
Amount $10
Income Type Money earned recycling cans
Amount $7.50

Weekly Expenses

Income Type Amount
Income Type School supplies
Amount $3
Income Type Baseball cards
Amount $2
Income Type 3 packets of bubble gum
Amount $.75
Income Type Chipped in with Mom for Dad's birthday present
Amount $5
Income Type Deposited into account
Amount $5

How To Make Change

People who work with cash all the time, like tellers at Old Ocean Federal and cashiers at a store, use a special way to make change very fast. It’s a lot faster than writing with a pencil on paper or even looking at a cash register. Here’s how it works:

Example #1

Suppose that you are selling candy bars for $.48 each. Benjy Franklin gives you a dollar.
How do you make change?
  1. Say the cost of the item.
  2. Add the fewest coins to get to 25, 50, 75.
  3. Then add quarters to get to the dollar bill.
Coin break down

Example #2

OK, let’s try it again, but with bills larger than one dollar. (Remember to count single bills until you get to the bill given.) Suppose the local video store is having a sale on previously viewed videos. Penny Wise wants a tape that they are selling for $7.38. She gives the cashier $10.00 for it. How does the cashier make change?

  1. Say the cost of the item
    Add the fewest coins to get to 25, 50, or 75.
  2. Now add quarters to get to a dollar.
  3. Finally, add bills to get to $10.00.

It’s best to count each coin and bill total out loud.

Please note: To make the questions easier, we have not included tax to the total of the sales.

Coin breakdown 2
Fill in or draw the coins you would use to make change for these items.

Example #3

Georgie Washington gives you $10 for a Baseball Trading Card you are selling for $3.45. Give him change.
Coin breakdown

Example #4

At your Garage Sale, you sell the video game you no longer play to Dolly Bill for $4.89. She gives you $10.00. How much change should you give her? Remember: Don’t use five singles when you can use one $5.

What's Left?

Following the instructions, cross off words in the diagram. When you are finished, the remaining words will form a message reading left to right, line by line. Some words may be eliminated by more than one of the instructions.

  1. Cross off all words that end in G.
  2. Cross off all words that have a double consonant.
  3. Cross off all words that begin and end with the same letter.
  4. Cross off all words that have a double vowel.
  5. Cross off all words that rhyme with SINK
  6. Cross off all the words in column
  7. Cross off all three letter words.
  8. Cross off all words that are the names of birds.
1 2 3 4
2 IT
3 IS
4 IF
2 TO


Who knew being a kid could be such hard work? Book reports, math problems and science projects. But all work and no play makes for one really dull childhood. That’s where we would like to help. We’ve done your Web homework for you, studying up on the Net to bring you the best in A+ sites from around the world. Are we having fun yet? You bet! If only this week’s spelling test could be this easy.

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