Youth Accounts

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Teaching children and teens how to manage money wisely

A good education must include learning how to save and spend money wisely. Sacramento Credit Union's (SCU) Youth Accounts include a Savings Share Account for anyone up to 18 years of age, and a Checking Account that teens can use. These accounts, which can be opened at any branch, are ideal for helping young members manage money they receive from gifts and their first jobs.


Share Savings creates the foundation:


Children and teens can become SCU members by opening this account, which helps them grow their savings steadily.
 
  • Available to eligible members up to 18 years old
  • Birth certificate and Social Security card required for those under 13
  • Parent or legal guardian must be a joint owner
  • $30 minimum deposit (includes a $5 one-time membership fee)
  • No minimum balance requirement
  • No monthly service charge until the account holder reaches age 18
  • Access to more than 30,000 ATMs through the nationwide CO-OP Network
  • Minors over age 13 must provide a Social Security card along with one of the following items:
    • School ID
    • Government ID, including US Passport
    • Driver's license

Our Checking Account for teens provides real-world experience:


SCU teen members can learn daily money management skills through this account.
 
  • Available to members between the ages of 13 and 17
  • Parent or legal guardian must be a joint owner
  • $25 minimum deposit
  • No minimum balance requirement or monthly service charge
  • Access to more than 30,000 ATMs through the nationwide CO-OP Network
  • $110 daily withdrawal limit (parent or guardian may request a higher limit)
  • Teens must provide a Social Security card along with one of the following items:
    • School ID
    • Government ID, including US Passport
    • Driver's license