First Advantage Youth Checking
giving youth a successful financial future
Our goal at Weber Credit Union is to help students understand the importance of savings and the uses of credit.
The First Advantage Youth Checking program allows members ages 16-17 to begin establishing themselves through savings, checking and VISA Debit accounts. As members enrolled in the First Advantage Youth Checking program, students do not need to have a co-signer or joint-account holder.
benefits
As members of the program, the student will receive:
- $5 deposit to open a savings account if not already a member
- Checking account with no co-signer and the first 50 checks free
- Free VISA Debit Card (checking card) with a $100 credit limit
- Interest paid on all positive balances
education
An essential part of the First Advantage Youth Checking program is educating students on how the decisions they make now will effect their long-term financial success.
Before enrollment in the program, students will be asked to listen to a short, interactive presentation on the importance of using credit responsibly. Topics such as interest, credit reports and other important items will be discussed.
An outreach presentation about how a successful financial future is related to planning, careers, budgeting, investment and credit is also available to area schools and youth groups. Contact Weber Credit Union's Marketing Manager for more information and to schedule a presentation.
requirements
To enroll in the First Advantage Youth Checking program, the student must meet the following requirements:
- Be a credit union member - or meet eligibility requirements and become a member - 16 or 17 years old
- Have a job outside of the home and provide the last two paycheck statements.
- Have a 3.0 or higher cumulative GPA and provide a report card from the most recent grading period.
- A parent or guardian must come into the Credit Union and sign a form to acknowledge the student's participation in the program.
- At the time of enrollment, listen to a short, interactive presentation that explains responsible uses of credit.
- Have at least a $100 balance in savings account.
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