West Virginia Central Credit Union has accounts just for young members that make it easy to save.
Like regular share accounts, it only takes $5.00 to open an account, but Kids' Account holders pay no membership fee and begin earning dividends with a $5.00 balance instead of the $25.00 minimum required in a regular share account.
Young credit union members may open a certificate with $500.00, instead of the $1,000.00 required for other certificates.
Kids' Accounts: 4:ME Accounts
What is it?
Youth 4 Money Education
Checking & Savings Accounts
What’s it for?
To teach your kids to manage money, while you look over their shoulder and cheer them on.
How’s it work?
Sign up your child in a 4:ME account. We’ll fix them up with four things:
- savings account,
- checking account with checks,
- a debit card, and
- online account access.
What if they get out of control with that debit card?? That’s the great part! You, the parent, co-sign on their account. You control how much is in the account, which limits the risk allowed on the card, and you help them learn how to manage their accounts.