Youth Accounts

NCPAFCU wants to help members adopt sound financial principles at an early age and maintain those principles throughout their lives. That’s why the Credit Union offers two "Youth Account" programs to assist in the financial development of young members.

The FAT CAT^® program helps young members gain knowledge of basic financial concepts and learn the importance of money management early, giving them tools to benefit them throughout their lives.

The program offers a FAT CAT Share Account where young members can save and watch their money grow. A FAT CAT Share Account can be opened at any SECU branch for children ages 12 and under who are eligible for membership.¹ The account must be joint with a parent, grandparent, or other responsible adult who is an existing member with a regular Share Account.² When the child reaches age 13, the account automatically converts to a Zard^® Share Account.

• $5.00 minimum opening deposit required³
• No withdrawals allowed until the account reaches a $25 minimum balance, which must be maintained while the account is open⁴
• No monthly maintenance fee
• No minimum balance required to earn dividends
• Dividends compounded daily and paid monthly
• New members receive a FAT CAT goody bag⁵ with specialty items, including a passbook for transaction records
• Member card for ATM transactions and Press For Info

FAT CAT members are eligible to receive $1,000 of group term life insurance at no cost. This coverage can be increased to $10,000 for $18 per year, if the additional coverage is purchased within 30 days of account opening.⁶

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Members ages 13-19 can participate in the Zard^® program, which focuses on helping teens develop solid money management skills, and provides a variety of products and services tailored to meet their needs.

• $25 minimum opening deposit required³
• $25 minimum balance that must be maintained³
• $1 monthly maintenance fee (if account is below $25 minimum balance on statement date)
• No minimum balance required to earn dividends
• Dividends compounded daily and paid monthly
• No checks can be written and no automated clearing house (ACH) debits are allowed on Zard Share Accounts
• Zard CashPoints^® card for ATM transactions, Press For Info and online account access via Press Pass
• Account automatically converts to a regular Share Account when the owner turns 20 years old

• Individual account available for members ages 18-19 years old, or who are otherwise eligible to open a Checking Account individually
• Joint account with a parent, grandparent, or other responsible adult required if teen is under age 18²
• No minimum deposit required to open account
• No minimum balance that must be maintained⁷
• $1 monthly maintenance fee
• No minimum balance required to earn dividends
• Dividends compounded daily and paid monthly
• Zard Visa^® Debit Card for purchases and ATM transactions, Press For Info and online account access via Press Pass
• Account automatically converts to a regular Checking Account when the owner turns 20 years old

Zard members are eligible to receive $1,000 of group term life insurance at no cost. This coverage can be increased to $10,000 for $18 per year, if the additional coverage is purchased within 30 days of account opening by either of the following⁶:

• A parent/guardian on the teen’s behalf if the teen is under age 15
• The teen if age 15 or older