Youth Accounts

Young Peoples FCU's Mission Statement

To help the youth of our credit union community begin on their financial pathway by encouraging savings and good money management skills while creating a long-term financial relationship for years to come.

Requirements for Participation:

Peoples Federal Credit Union Membership
There must be at least one parent or legal guardian on the account.
Regular rules and fees apply excluding inactive fees until age eighteen (18). All accounts will follow Dormant and Abandoned Property Law.

Youth Savings Accounts are available for any child, ages newborn to 17 years of age, with the following benefits:

There will be a gift upon joining.
Dividends will be paid at the current regular savings rate.
Share Certificates* with a minimum deposit requirement of $250
Beginning at 5 years of age, members will receive a birthday card and gift from the credit union. This will end following the age of seventeen (17).
A first-time loan will be available for young people aged 16 through 17 with one qualified co-signer. The maximum loan allowed under this program will be $2,500.

*Penalty for early withdrawal; see current rate sheet for certificate rates