Youth Accounts-Learn Smart Money Skills Early
The path to financial well-being starts at a young age. Help empower your family today by opening a youth account.
April is YOUTH month
Every year we highlight our YOUTH services that can help every family be ready for whatever the future holds. It’s a great way to give kids a solid foundation in how to handle money: encouraging savings and responsible spending.
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YOUTH SAVINGS ACCOUNT
- Special savings for young savers up to age 18
- Teaches kids the importance of saving money from an early age
- Competitive dividends on entire balance (paid quarterly)
- 2 free withdrawals per month
- $10 minimum deposit to open
- No monthly fee with a deposit at least once a year
- Youth Account Brochure
STUDENT
CHECKING ACCOUNT
This account ACES the test! Start your student on the right financial foot with our Student Checking - your 4.0 GPA solution to teaching your child good financial habits early on. Opening this account should be at the top of your Freshman year to-do list!
- 13-18 year old students
- Parent/Guardian must agree to be joint owner on the account and overdraft share transfer setup to their existing membership.
- No minimum balance
- No electronic deposit requirement
- Free eStatements
- $25 minimum deposit to open
- Low daily card limits set to help teach spending
CREDIT BUILDING LOANS
Once 18 years of age, Telcoe Federal Credit Union can help your young adult establish a credit score, credit history and do so in a responsible way.
We offer a CREDIT BUILDER LOAN that can be repaid each month by the student or the parent. The positive pay history is reported every 30 days to Trans Union credit bureau.
- Small loans of $500-$1000
- Automated Payments
- Low Interest Rate
- CREDIT BUILDER VIDEO
We also offer a SECURED MASTERCARD that is a great way to build positive spending and repayment habits. Talk with a Loan Specialist today. We are happy to answer your questions and help build a plan that is individualized for your student.
- No Annual Fee
- Low Interest Rate
- Automated Payment Options
- Fraud Alert Options Available
YOUTH SPECIALS OFFERS
YOUTH SAVINGS ACCOUNTS-Open an account for your child or grandchild at Telcoe in the month of April and receive an account opening packet, stickers, etc.
1 year CD 4.10% APY $500-$5000
or
1 year Relationship Reward* CD 4.35% APY $500-$5000
*A student checking account or joint owner checking account with Telcoe and debit card is required to qualify for the relationship reward.
Open a Youth Certificate of Deposit
COLORING CONTEST- Your young saver can participate in our coloring contest for chance to
win a $10 savings account deposit. You can take a photo of your child's drawing and email to
Amanda in our office or return to one of our branches before __April 30th ___.
TELCOE SCHOLARSHIPS
Open to high school seniors who plan to attend a university, college, or technical college/school. Funds can be used for any field of study.
Telcoe awards a $500 scholarship to deserving high school seniors attending a college or trade school.
To apply for the Telcoe scholarship the high school student must be a member. To join click below or call our office. Deadline to submit a scholarship application is March 30th. An announcement of awarded scholarships will be before the end of June.
*APY =ANNUAL PERCENTAGE YIELD, APR=ANNUAL PERCENTAGE RATE $500 minimum deposit-$5,000 maximum deposit per youth membership. E-statement election is required for rate quoted. CD offer is only good during the month of APRIL in a Telcoe YOUTH account.
FINANCIAL LITERACY TOOLS
devoted to our YOUTH members and their families.
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*APY=annual percentage yield. Rates quoted as of 3-1-2026. Rates subject to change at anytime.