Making regular deposits educates youth in the values of discipline, budgeting and spending wisely.  Saving is the first step on the road to financial freedom as youth become adults. When you become a member of the credit union a savings account is opened in your name jointly  with an adult such as a parent or grandparent. An initial deposit of $25 is required to become a member.  All members must maintain a $25 balance in their savings account to remain a member, and demonstrate regular activity in their account to keep it open.

Other features of Regular Savings include:

• A competitive interest rate paid quarterly on the average daily balance in your savings account. Click here for current rate information.
• Withdrawals: To withdraw money from your savings account, you and the adult on the account simply stop by the credit union office. Members may make up to four (4) withdrawals per quarter free of charge; after four (4) a $5 charge per excessive withdrawal is applied.
• Payroll deduction: You may have deposits to your savings account deducted directly from the adult’s paycheck.
• Direct Deposit: Your adult’s employer can send an amount on a regular basis for deposit.
• Quarterly statement received by mail which shows your deposits, withdrawals and earnings.

Please contact us if you have any questions about Youth Savings accounts or click here for the savings calculator.