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Start Young With U1 Youth Accounts

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Start young. Start right  

Teaching kids the ins and outs of savings sets them up for a bright future. As for parents, teaching finances to your children can be a bit challenging. 

The good news…

With the financial education resources we have available for young kids and teens, the task becomes a lot easier! 

Get Started

Young Savers

For kids 12 and younger. Upon opening an account, children will get a coloring and coin book. Once the book is full, kids get a fun gift from U1 to encourage future savings. 

Open An Account 
 

 

Teen Accounts

For Kids 17 and younger (ideal for ages 13-17). 

Members 13 to 15 are eligible for a checking account, ATM or VISA Debit card; all these services must be joint with a parent. Members 16 and over may have a single checking account, ATM or VISA Debit card. There is no monthly service charge on Checking accounts 

Our Teen members also have the opportunity to open a holiday or “spring break” account. The “spring break” account operates like a vacation club account but is renamed “spring break” for our Teen members.

Open An Account

Kids 12 and under

Cash. Young Savers CharacterViolet. Young Savers characterTeach savings to kids and have fun while doing it! Gain access to the M3 Money Club. Our young savers site designed for parents to help kids learn more about finances. Meet the M3 Money Club Characters, play interactive games, take quizzes and discover more adventures kids can take on their savings journey!

 M3 Money Club for youth accounts

Teen Accounts 13-17

Gain Access to Elements of Money. This site is designed and geared toward teens between the ages of 12-17. Wondering if you can get a credit card? Questions on buying a car, getting a job or your first loan – all of the answers can be found here. On top of that, you’ll learn about the Credit Union Difference and the ultimate comparison between banks and credit unions.

Elements of money


Need help choosing a Youth Account? Our dedicated member services team is here to help! Send us a chat message, email or give us a call.
memberservices@u1cu.org   |   800-762-9555 opt. 0

APY = Annual Percentage Yield. Dividends paid monthly. Early withdrawals of Certificates are subject to substantial dividend penalties.
A Custodian (minor) account is available for any child who is under 18 years of age. The Custodian signs the Member Service Card for the child who cannot yet sign his own name. The child must have a social security number before this account can be opened! This will be opened as a completely separate account from the parent’s account, as the IRS reporting will be done in the child’s social security number. The child cannot withdraw or cash checks from this account but may make deposits. Only the Custodian can make withdrawals.
The Ohio Transfers to Minor Act specifies that only one parent and one child may be on a custodian account. The custodian may specify who they would like to become the custodian in the event of the custodian’s own death; this person is the “successor custodian.”
Children 12 years of age or younger who open a savings account will receive a coin book to save their quarters. When the book is filled, the child deposits it to their Credit Union savings account. When the child deposits their filled coin book they are awarded a piggy bank at that time. Only One Coin book is given per child. This is an excellent way for young people to learn the advantages of saving at an early age.

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Related Links

Student Loans

Get the money you need for school. Our partnership with Sallie Mae® could help you find which loan is right for you! Learn more here. 

Member Eligibility

U1 membership eligibility is available through many outlets. Find out how to become a
U1 member here.

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