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
Children can open a savings account and learn good savings
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.
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