Get Rewarded for Your Report Card With Scott Credit Union’s Great Grades Program

Every parent knows the feeling of watching their child work hard all semester long, waiting for that final report card to arrive. When those top marks finally hit the page, it’s a moment worth celebrating. But as families look for the best ways to acknowledge that dedication, questions often come up, such as what is the best way to motivate students and how can we use their academic success to teach them lifelong lessons about saving money? 

Should Students Get Paid for Good Grades?

When report card season rolls around, many parents and educators ask themselves: should students get paid for good grades? While the debate on external motivation continues, one thing is clear—recognizing hard work builds confidence and teaches real-world financial responsibility. 

At Scott Credit Union, we believe that dedication in the classroom deserves celebration. Earning report card rewards through our Great Grades Program is an excellent way to introduce young minds to the value of saving and the direct connection between effort and financial reward.

How Does Scott Credit Union’s Great Grades Program Work?

If you are looking for ways to get rewarded for your report card, Scott Credit Union makes the process incredibly simple.

To turn your academic achievements into real cash, all you need to do is bring your official end-of-semester report card or transcript to any local Scott Credit Union branch. For every “A” or equivalent top score (such as an “E” or a “3,” depending on your school’s specific grading scale), we will deposit $2 directly into your Scott Credit Union share savings account.

How Do Students Earn Report Card Rewards?

Earning your cash reward is easy, but you must keep an eye on the calendar. To ensure you don’t miss out on your earnings, make sure to submit your grades before these semi-annual deadlines:

• Fall Semester Grades (July–December): Must be submitted by January 31 of the following year.
• Spring Semester Grades (January–June): Must be submitted by July 31 of the same year.

Program Highlights at a Glance:

• Earn up to $10 per semester.
• Celebrates achievements for students of all ages.
• Deposited safely into your Scott Credit Union account to help your savings grow.

Who Is Eligible for the Great Grades Program?

A common question families ask is, “Who is eligible for the Great Grades program?”

The great news is that this program is highly inclusive! The Great Grades program is open to students of all ages—from elementary school children nailing their very first spelling tests to college students acing their university finals.

The only requirement to participate is that the student must be a member of Scott Credit Union with an active account. If you aren’t a member yet, it is quick and easy to get started. You can open a variety of youth accounts to establish membership and start qualifying for rewards immediately.

Learn more about setting up your child’s financial future by exploring our Youth Accounts page.

What Grades Qualify for the Great Grades Reward?

To receive the “get paid for good grades” incentive, students must achieve the highest possible tier on their school’s unique grading rubric.

Because different school districts and universities utilize different evaluation systems, we accept a variety of top marks. Qualifying grades include:

• A letter grade of “A” (or A+/A-)
• A mark of “E” (Excellent)
• A numerical score of “3” or “4” (on standard standards-based elementary report cards)
• An official transcript equivalent for high school and college students

Bring your report card to a Scott Credit Union branch today, and let us reward you for your great grades!

Need a Student Account? Getting Started Is Easy

Building strong financial habits early sets young adults up for lifelong success. A Scott Credit Union Student Debit Checking Account is the perfect first step for teens and young adults (ages 13–22) who want to learn how to budget, spend, and save wisely.

Why Choose Scott Credit Union’s Student Checking Account?

Our student checking accounts are designed with both students and parents in mind, offering features that provide flexibility and peace of mind:

• No Checks to Manage: A purely digital and debit-based experience.
• Real-Time Alerts: Balance text alerts at $50 and $10 thresholds to help prevent overspending.
• Zero Fees: No monthly maintenance fees and no minimum balance requirements.
• Instant Access: Walk into a branch and get your debit card printed on the spot.
• Automatic Enrollment: Account holders are automatically eligible to participate in the Great Grades Program.

Teach Money Skills Early with Free Financial Literacy Tools

Rewarding good grades is just one piece of the puzzle. To help kids truly understand the value of a dollar, Scott Credit Union has partnered with Banzai to provide free, interactive financial literacy tools for kids, teens, and adults. These online courses use real-world scenarios to teach students how to budget, save, and make smart financial choices.

Explore Age-Appropriate Banzai Courses:

• Banzai Junior (Ages 8–12): Introduces the absolute basics of saving, spending, and distinguishing between needs vs. wants.
• Banzai Teen (Ages 13–18): Covers critical topics like auto loans, college budgeting, goal setting, and managing independent financial decisions.
• Banzai College and Careers (Young Adults): Prepares students for the workforce, navigating student housing, and managing adult expenses.

Support for Students, Every Step of the Way

Whether your child is just starting to save their allowance or navigating their very first checking account, Scott Credit Union is here to support your family’s journey. From offering report card rewards to providing advanced financial tools, we are proud to partner with local students and parents.

Stop by your nearest local Scott Credit Union branch today to get started, open an account, and turn those hard-earned great grades into real cash!