Youth Accounts
At SCCU, our objective is to help young members build a sound financial future. We believe the most effective means of learning how to mange money is to gain first-hand experience at conducting financial transactions.
We encourage student account holders to actively monitor and manage their accounts through lobby transactions, ATM use and use of our free Online Banking.
Our Youth Accounts offer unique benefits that increase with the student member’s age. With the agreement of a parent or guardian, we make many “adult” services available at an early age, so that our student account holders can safely learn about credit and money management.
We provide a logical progression of services that lets young adults transition from a simple savings account, to managing a checking account and credit card, to buying a first car, and up to owning a home.
Interest is earned on all money on deposit with all of our youth savings accounts, and there is NO minimum balance fee. Youth savings accounts may be opened with as little as $5.
Student Account Testimonials
This summer, I was given the opportunity to go on a trip to Italy next summer with my seventh grade Civics teacher and a few of my classmates. My first thought was ‘How am I going to raise $2,500?’ I talked to my mom, and she said that if I earned $500 by August 30th, I could go. Good thing I had all that money saved up in change. At all the places I checked, though, the change machines would keep about 7% of your money. Then my dad told me that if I started or had a Student account at Space Coast Credit Union, I could get my change counted for free. So on the next Monday, my parents and I decided to get me an account at Space Coast. Every time I went to deposit money at SCCU, it’s been quick and easy, and the tellers are always really nice and helpful. That’s how SCCU helped me save up for my trip to Italy next summer. – Kelsey Schulz, member since July 2007
I really proved to (my parents) that I was serious about getting a car and I did all the correct steps to fulfilling my desire of owning a car. I can’t thank SCCU enough for making this possible. – Alicia Mitchell, member since June 2007
I discovered a wonderful time saver using SCCU this summer. My grandchildren each have savings accounts at SCCU. I realized directly depositing their birthday checks into their accounts was more convenient than giving checks to their parents. Thanks, SCCU! – Sally M., member since 1991
