YOUTH ACCOUNT – indianheadcu.org

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Youth Account

MY MOOLAH

September 1, 2024 – Indianhead Credit Union is pleased to introduce My Moolah – a new and improved youth account, simplified and designed to meet the needs of our youngest members, evolving with them as they grow from birth to 17 years old.

My Moolah offers:

Ages 17 and under
$5 Minimum Deposit to open (Credit Union will match the first deposit up to $5 at opening*)
*must be eligible for membership, offer valid only once per member, matched funds available for withdrawal 6 months after date of deposit
Competitive Rates featuring a 1% bonus interest rate over our standard rates
Dividends paid monthly on balances over $5
Free Online/Mobile Banking with free electronic or paper statements
Annual Birthday Newsletter up to age 17 containing a $5 gift certificate for deposit*
*some restrictions apply
Fun Events such as Youth Month, Halloween Activities, Community Events and more
Variety of Accounts:
- savings (earns 1% over super-rate share savings account)
- checking with debit cards (as early as 13 years old, with parent/guardian as signer)
- club accounts (ideal for class trip, phone, gaming system – earns 1% over standard club accounts)
- 6- & 12-month CDs (with opening deposits as low as $100 – earns 1% over standard 6- & 12-month CDs)
Credit Builder Loans of $250 – $1000* for teens with regular, earned income such as a part-time job, direct deposit of allowance, babysitting, lawn care, snow removal, etc – teaches importance of financial responsibility and helps start building credit before they enter adulthood!
*credit standards & some restrictions apply
Vehicle Loans* for teens 16-17 (will be eligible for up to a .50% rate discount)
*credit standards & some restrictions apply
Scholarship Program for eligible graduating students
Federally insured by NCUA

MY MOOLAH

My Moolah offers:

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