Youth Accounts-Learn Smart Money Skills Early

YOUTH SAVINGS DETAILS

• 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

 

STUDENT CHECKING 

 

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 usage

 

18th Birthday Celebration
The account will automatically be upgraded to a Basically Awesome Checking and subject to its disclosures and fee schedule. If the student is still in school, please contact us to explore other options.

 

    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

 Inquire Here 

2023 YOUTH MONTH SPECIALS

YOUTH SAVINGS ACCOUNTS-Open an account for your child or grandchild at Telcoe in the month of April and receive an account opening coloring book, stickers, etc.  

• Printable Youth Membership Brochure & Paper Application

COLORING CONTEST- Your young saver can participate in our coloring contest for chance to win a $25 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 25th, 2023.

• Print off our coloring page-HERE

TELCOE SCHOLARSHIPS-Printable Poster -Please share with local school counselors, civic groups, etc.

Scholarship Option (1) -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.

Scholarship Option (2)-Open to college sophomores, juniors, or seniors as of Fall 2023 working towards a career as a Financial Advisor- The Mike and Karen VanBokhoven Memorial Scholarship-Future Financial Advisor. 

Both Mike and Karen worked as financial advisors helping credit union members in Arkansas plan for retirement and helped create a road map for financial success. They both were highly respected by their clients and coworkers. This scholarship has been established to honor them and help grow the profession they both cared so much about.

We love supporting our community, and that includes supporting the next generation.  This specialized scholarship is to help young people enter into a career as a FINANCIAL ADVISOR. Telcoe and Members Financial Services has provided financial advising services to our Members for many years. 

To apply for either Telcoe scholarship the student must be a member. To join click below or call our office. Deadline to submit a scholarship application is April 28th, 2023.  An announcement of awarded scholarships will be before June 25th, 2023.

Scholarship Inquiry 

 

YOUTH SHARE CERTIFICATES of DEPOSIT

 

• •  2 year certificate of deposit- 4.79% apy*

                                     OR

• • 4 year certificate of deposit-  4.50% apy*

 

*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 2023 in a Telcoe YOUTH account. APY =Annual Percentage Rate.  --4.79% APY/4.689% APR  ---4.50% APY/4.402% APR

 

  Request Information 

 

FREE FINANCIAL LITERACY TOOLS & ARTICLES devoted to our YOUTH members and their families. 

Financial Literacy for Kids-Blog article

Practical Money Games

Practical Money Resources

Financial Literacy for Kids  

*APY=annual percentage yield.  Rates quoted as of 3-1-2023. Rates subject to change at anytime.