SOUTHERN FEDERAL CREDIT UNION

Office: 713-232-7774     Fax: 713-232-7122

         
   
 
 

Student Accounts

Student Savings
At Southern Federal Credit Union, we know the value and importance of learning how to save now, while planning for the future. That is why we are delighted to offer parents such a wonderful program to increase a child's awareness of saving money. After all, they are the leaders of tomorrow. So, why not start now? We hope we can make saving fun and exciting for the whole family!

Children can open a savings account and learn good savings habits early.

Minimum Balance Requirements – Parents, Grandparents or Guardians can open a Student savings with a deposit of as little as $5!

Dividends – You will begin earning dividends when your balance reaches $100 each quarter, with dividend rates determined by the Board of Directors, based on Credit Union earnings.

Prime (Student) Checking
For student budgets, we have created a checking account designed for convenience and affordability. All members 13-21 who are full or part-time students qualify for this account. Just provide a copy of your current student ID, which must be renewed each year until 18 years of age, a legal state issued ID or driver’s license and maintain a regular savings account with a minimum balance of $50. Students under the age of 18 are eligible with a parent as joint owner.

  • No minimum balance requirement
  • First order of checks free
  • Earns interest so your money makes money (average daily balance of $100 or more)
  • Free Traveler’s Cheques (for one)
  • .50% discount on first auto loan with SFCU