Our SmartTeen Checking Program is specifically for ages 13 - 17. By using this no fee checking account with a linked debit card, the child will learn the skill of managing hi/her own money.
Free membership with $25 initial deposit.
Free access to online and mobile banking.
No minimum balance or monthly fees.
Free VISA Debit Card with set limits.
To earn interest, you must maintain a daily average minimum balance of $100. CRFCU interest is paid monthly.
CRFCU is better than a bank. We are a credit union that's owned by our members. That means that your new Youth Savings Account makes you a member AND part owner. Your membership represents your share in Community Resource FCU.
When your child reaches the age of 13, they will be eligible to apply for the Teen Checking account. Their CRFCU Youth Savings Account will remain as a savings account, and any funds in the account will remain in the account unless or until they withdraw or transfer them. The only change is that they will also have the option of applying for an CRFCU Teen Checking Account. If they do open a checking account, they will then have a debit card that enables them to access both their savings and checking accounts, so that they can easily transfer funds between the accounts.
You may open a regular High-Rate Savings account for your older child. Click here to learn more.