At Credit Union Advantage, we’ve made a commitment to our young members and are pleased to offer two youth accounts – the Penny Savers Club for members age 12 and under, and the Teen Club for members age 13-17. We offer many special programs throughout the year to encourage our Penny Savers and Teen Club members to save.
Penny Savers Club
Credit Union Advantage members age 12 and under can enjoy the benefits of the Penny Savers Club. This Club has been designed especially to meet the needs of our young members. Penny Savers learn the importance of saving money, and they’ll see how saving regularly can make their money grow. The Penny Savers Club is a great way to learn about financial responsibility and have fun at the same time. Just some of the benefits of this program include:
For Members Ages 13-17
At Credit Union Advantage, we understand the financial needs of teens today. We know that it’s important to learn about financial services and the importance of saving at a young age. We help them become familiar with financial and electronic services so that when they are ready to go off to college or be on their own, they are able to manage their own financial affairs under the guidance of their parents.
Youth Certificates of Deposit
Earn a higher rate in a Youth Certificate of deposit, with a minimum deposit of $100, and a maximum of $100,000. Deposits can be made to this account at any time, and in any amount. A variety of terms are available.
Each year, high school seniors have the opportunity to apply for one of two $1,000 Credit Union Brock Scholarships. This scholarship program is named in honor of our founding member, Frank Brock.
Applicant must have a GPA of 2.75 or higher, plan to attend and be accepted at a college, university or vocational school after graduation. The student must also be a member of CU Advantage, and if under age 18, a parent or grandparent must also be a member. Additional requirements and the application can be obtained at the credit union office or click here to download the application. The deadline for submitting applications is June 30, 2016.