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Accounts for kids & young adults............
You may not be familiar with credit unions.  Here is what a credit union is:

A credit union is an institution where people can invest and borrow money.  It's like a bank but different.  A credit union is a financial institution owned and run by its members.  Credit unions provide their members with a safe place to save and borrow at pretty reasonable rates.  Members put their money together to make loans to each other.  Unlike a bank, credit unions are not businesses that work for profit.  Instead, they are in the business for the good of their members.  When you think of credit unions, just remember that credit unions are about: 

"People Helping People."

 

 

Now that you know what a credit union is, we have 2 types of accounts that you can open:

 

 

 

Texasgulf Ranger Savers
It's been a long time coming, but we finally got our new children's saving club up and running. Just click the link above and you'll see what our new club is all about.

Young Americans

The Young Americans Club is for children/teens ages 12 - 18 years.  Simply open your account with at least $25.00 and you'll receive a membership card, a "Guide to Money" and a flip-up calculator.  With each additional deposit you can earn other great prizes*  Check out the chart below to see which category your deposit will fall in:

 

Deposit/Increase

Category

$50.00 - $100.00

F

$101.00 - $250.00

G

$251.00 - $400.00

H

$401.00 - UP

I

Each Young American can also open their own share draft/checking account**.  It can be opened with at least $100.00.  What a great way for teens to learn how checking accounts work and how to balance their check book!  Here are some of the benefits that come with a Young American share draft/checking account:

  • FREE Service Charge
  • ATM Card Available
  • Direct Deposit Available
  • Your Choice of Check Designs
  • Your Choice of Logos & Monograms
  • Dividends on balances of $400.00 or more

*Guidelines for prizes:

  • Prizes issued only on accounts that have maintained highest balance
  • Withdrawals will effect/decrease your chances for prizes
  • Must bring account to highest balance
  • May not accrue money for prizes
  • Must claim prizes at time of deposit
  • May not claim prize(s) and make a withdrawal on the same day

**An adult joint owner may be required to open a share draft/checking account

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