Youth Accounts

girl with piggy bankMetco Credit Union believes it’s vital to teach kids and young adults how to save and manage their finances, long before they have the opportunity to incur debt or are faced with large financial decisions as adults.

Metco offers three youth clubs based on the age of the member.  All of the clubs encourage saving by offering promotions and incentives several times a year, and members receive a quarterly newsletter geared toward the saving and spending habits of their age group.

Lil' Kirby Roo

LIL’ KIRBY ROO

Our Lil’ Kirby Roo Club is tailored to the parents of members age 0-5.  Lil’ Kirby Roo is here to help families plan for their kids’ financial future. Our Lil’ Kirby Roo program will provide parents of kids ages 5 and under with articles, news, and credit union programs that can help your family make wise decisions in those first few very pivotal years.

  • Members earn dividends on the first $5.00 deposited
  • Special Certificate of Deposit option — you may invest in a share certificate with a minimum of $500 for a 36-month term
  • Receive quarterly newsletters (mailed to you at home!) with financial education that’s helpful to you and your kids
  • Lil’ Kirby Roo Club website (new window/tab) filled with information about teaching your kids about money at each stage & age, calculators to help you plan and save for their futures, college saving options, and much more!

Kirby Kangaroo Club (new window/tab)

KIRBY KANGAROO

Metco offers kids ages 6-12 a variety of ways to save their money, while encouraging them to become educated and responsible young savers.

  • Members earn dividends on the first $5.00 deposited
  • Special Certificate of Deposit option — you may invest in a share certificate with a minimum of $500 for a 36-month term
  • Receive quarterly newsletters (mailed to you at home!) with savings tips, educational games and other activities
  • Kirby Kangaroo website (new window/tab) filled with fun ways to learn about finances

CU Succeed

CU SUCCEED

Learn more about the CU Succeed Club for members ages 13-17, as well as the financial services we’ve designed specifically for these young savers and spenders.  Metco offers teens a variety of ways to save their money, while encouraging them to become educated and responsible young savers.

  • Share account for teens ages 13-17 that earns dividends on the first $5.00 deposited
  • Learn basic money management strategies through quarterly newsletters
  • Check out our CU Succeed website (new window/tab) for a financial glossary of terms, articles about topics you’re wondering about, and posts from other CU Succeed teens from around the U.S.

We also have financial services designed with our young members in mind:

At age 13, we recommend these financial services:

girl in green shirt holding moneyYouth Bundle Checking – a free checking account with a free debit card, plus all of the free electronic services we offer so they can keep an eye on their accounts.

Youth Round-Up Savings – a special savings account that’s tied to a debit card to help them save for whatever they and you (their parent/guardian) decides is important.

Prepaid Card – If they’re not quite ready for a checking account, a prepaid card loaded with their allowance may be a good start. They’ll learn how to manage their money while using a card, without any risk.

At age 16, we recommend  these additional financial services:

girl holding 20-dollar billFirst Car Loan – If you co-sign their first car loan, we’ll give them a rate based on your credit scores. However, the loan will work on building their credit score.

Credit-Builder Loan – We help them build a positive credit history even if they don’t need the money. Here’s how it works:

  • We give them a small loan at a very low interest rate.
  • We set that money aside in a savings account (that cannot be withdrawn).
  • They make consistent, on-time monthly payments toward the loan for at least 6 months.
  • When their monthly principal payments equal the amount borrowed, we release the funds from the savings account and the money is theirs to save or spend!