MWABank’s Financial Literacy Program

Parental Consent Needed for COPPA

If you are a parent attempting to access MWABank’s Financial Literacy program on your child’s behalf, please note the following: 

In order to comply with state and federal law, including the Children’s Online Privacy Protection Act (“COPPA”), we must obtain your consent (referred to in COPPA as “verifiable parental consent”) prior to allowing your child to register for the program because certain features of the website involve the collection, use and disclosure of personally identifiable information. As part of the process, we need to obtain your consent, prior to allowing your child to have access to the website. We are required to assume that your child is the one accessing the site and we therefore must take these steps. 

MWABank (Modern Woodmen Bank) provides a Financial Literacy program for the convenience and education for the children of its members. These financial interactive learning games are grade appropriate games created for Kindergarten to 12th grade. We encourage parents or guardians to monitor children under age 13 when children are online and to participate in any interactive activities offered on the website. 

MWABank is committed to protecting the online privacy of the children who visit its website and to complying with the Children’s Online Privacy Protection Act ( COPPA). COPPA prohibits unfair or deceptive acts or practices in connection with the collection, use or disclosure of personally identifiable information from and about children on the Internet.

  1. Child’s Personal information – MWABank will collect your child’s name, address, date of birth, grade and email. MWABank will use underage members’ personal information through this website to “only” verify and match to the account in which the child owns in order to pay rewards for completing each game, each year. (Rewards of $10.00 each calendar year are interest reportable and will show on the annual 1099 INT that MWABank provides each January. Please consult your tax advisor for questions related to reporting this information to the Internal Revenue Service.) You may request to review your child’s information collected, request to have the information collected deleted or refuse to allow further collection of your child’s information online at and signing into your online banking account or by contacting a Customer Service Representative toll free at 877-255-2265.
  2. Child’s Privacy Notice – Child’s personal information is never sold, given or disclosed to third parties.
  3. Eligibility - You may only enroll in the Dollars and Sense program once per child's social security number.
  4. Parent’s Personal Information – MWABank will collect the parent’s name and last four digits of the parent or guardian’s social security number in order to match the parent/guardian to the child.
  5. Cookies - does not require the use of per-session cookies. Cookie information is never sold, given or disclosed to third parties.
  6. Email - MWABank may use feedback information from readers to respond to member service requests, inquiries, comments or suggestions when emails are initiated by the visitor to the Banks’ website. Email is also used to communicate an annual reminder regarding the Financial Literacy program near the child’s date of birth month. Email information is never sold, given or disclosed to third parties. 
  7. Access Consent Form - You may access the Parental Consent Form by signing into online banking and selecting the Children’s Literacy Program link.


Children’s Online Privacy Protection Act (COPPA)

What is COPPA?

The COPPA Rule was put in place to protect kids’ personal information on websites and online services — including apps — that are directed to children under 13. The Rule also applies to a general audience site that knows its collecting personal information from kids that age.

COPPA requires those sites and services to notify parents directly and get their approval before they collect, use, or disclose a child’s personal information. Personal information in the world of COPPA includes a kid’s name, address, phone number or email address; their physical whereabouts; photos, videos and audio recordings of the child, and persistent identifiers, like IP addresses, that can be used to track a child’s activities over time and across different websites and online services.

Does COPPA affect the sites and services my kids use?

If the site or service doesn’t collect your child’s personal information, COPPA is not a factor. COPPA kicks in only when sites covered by the Rule collect certain personal information from your kids. Practically speaking, COPPA puts you in charge of your child’s personal information.

How does COPPA work?

COPPA works like this: Let’s say your child wants to use features on a site or download an app that collects their personal information. Before they can, you should get a plain language notice about what information the site will collect, how it will use it, and how you can provide your consent. For example, you may get an email from a company letting you know your child has started the process for signing up for a site or service that requires your child to give personal information. Or you may get that notice on the screen where you can consent to the collection of your child’s personal information.

The notice should link to a privacy policy that’s also plain to read — and in language that’s easy to understand. The privacy policy must give details about the kind of information the site collects, and what it might do with the information — say, if it plans to use the information to target advertising to a child or give or sell the information to other companies. In addition, the policy should state that those other companies have agreed to keep the information safe and confidential, and how to contact someone who can answer your questions.

That notice also should have directions on how to give your consent. Sites and services have some flexibility in how to do that. For example, some may ask you to send back a permission slip. Others may have a toll-free number you can call.

If you agree to let the site or service collect personal information from your child, it has a legal obligation to keep it secure.

What are my choices?

The first choice is whether you’re comfortable with the site’s information practices. Start by reading how the company plans to use your child’s information.

Then, it’s about how much consent you want to give. For example, you might give the company permission to collect your child’s personal information, but not allow it to share that information with others.

Once you give a site or service permission to collect personal information from your child, you’re still in control. As the parent, you have the right to review the information collected about your child. If you ask to see the information, keep in mind that website operators need to make sure you are the parent before providing you access. You also have the right to retract your consent any time, and to have any information collected about your child deleted.

What if it looks like a site or service is breaking the rules? 

If you think a site has collected information from your kids or marketed to them in a way that violates the law, report it to the FTC at .