Help young people up to age 17 engage in the fun of saving and reward them for filling up their piggy bank—and all the while, they’ll earn interest on any deposit. A parent, aunt, uncle, grandparent or friend can open a youth savings account, even for a baby, and help save for their future.
A youth account operates just like our regular account:
Any new youth member who opens an account from September 1, 2023 to June 30, 2024 will receive a $5 match deposited In their account. As well as, be entered Into a drawing to win a $250 account deposit, which will take place In early July 2024.
Plus, All Star account members ages 12-16 get a special gift package, which includes:
Middle and high school youth members get paid for every “A” and “B” on their report card through the Good Grades Pay program (up to $12 per report card). Submit your report card after each semester and we’ll deposit the money directly into your account. Report cards can be dropped off at a branch or emailed to AFordyce@ExtraCreditUnion.org.
Youth account holders turning 10-15 years old will receive a birthday postcard in the mail. They can bring in the postcard during their birthday month to redeem one $5 gift card for a local merchant.
As high school seniors, youth members can apply for a Richard J. Spence Scholarship. Five scholarships are awarded annually totaling $5,000.
Youth loans can teach you financial basics and help you pay for items such as prom expenses, senior packages, school trips, band camps, and more.
Our scholarship recipients are determined by a committee and selected based on:
Download the application.
FUTURITY checking and savings accounts enable you to:
Members 16-17 years old are encouraged to have a parent/guardian on their account. Exceptions can be made for students who do not wish to have a parent/guardian on their account if two of the following criteria are met:
Questions? Click here for FUTURITY FAQs and more information.
The Free Application for Federal Student Aid (FAFSA) is used to determine who receives financial aid from the federal government to pay for college, and how much students get.
The FAFSA asks for information about you and your family’s finances, including tax returns, so you might need your parents’ help to complete it. If you need additional help, reach out to your school counselor.
Extra Credit Union
The information contained in this web site is believed to be accurate at the time it was posted, and is not intended to be interpreted as direct financial or legal advice. Please contact a financial adviser, attorney or other qualified professional for advice on your personal situation. All information is subject to change without notice. Unauthorized use or reproduction of information contained in this site is strictly prohibited.