As parents, we all want to set our children up for success. One of the best ways to do this is by introducing them to the world of personal finance at an early age. Opening a youth account for your child not only teaches them valuable lessons about money management but also helps them develop habits that will last a lifetime. At Atomic Credit Union, we’re excited to offer youth accounts through our Student-Run Credit Union Program that empower young people to take charge of their financial futures. Here’s why you should consider opening an account for your child today:
1. Financial Literacy from an Early Age
Understanding how to manage money is a vital life skill. By opening a youth account, your child will learn about saving, budgeting, and the value of money early on. As they interact with their account, they’ll begin to understand the importance of setting financial goals and tracking their progress. Plus, with the help of our student-run credit union, your child will have the added benefit of learning from their peers—students who are also eager to learn!
2. Safe, Accessible, and Easy to Manage
One of the greatest benefits of opening a youth account through our Student-Run Credit Union is the combination of safety and accessibility. Your child’s funds are protected, but they also have the ability to access their money and learn how to manage it with ease through their participating school!
3. Building a Relationship with Their Financial Institution
Starting a youth account at a credit union gives your child a chance to build a relationship with their financial institution. They’ll learn about customer service, the importance of financial planning, and the benefits of being part of a community-focused organization. Plus, as a Student-Run Credit Union, your child will be part of a community of peers who are also learning about financial responsibility, which can be a fun and motivating experience.
4. Preparing for Financial Independence
As your child grows, their financial needs will evolve. A youth account is the perfect stepping stone toward greater financial independence. By the time they are ready for a car, college, or their first job, they’ll already have the tools and knowledge to manage their finances responsibly. Teaching them the basics of banking now sets them up for a future of financial confidence and success.
Open an account for your child today.
Benefits of having a Student-Run Account
- Atomic Credit Union gives you the first $2.00 for signing up.
- No minimum amount required to start your savings account.
- Earn increased interest for youth accounts.
- No fees for youth accounts.
- Free pouch organizer or savings register.
- Eligible to earn scholarships from Atomic Credit Union as a senior in high school.
- Choice of 2 custom debit card designs for ages 10+