Youth Accounts

Youth Accounts

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midland credit union's path to financial literacy

It's never too early to open a savings account for your child

Youth Savings Account

• No monthly service fee
• Competitive interest rates

You decide what type of account and services your child is ready for.

Youth Checking Account

Earns monthly dividends on the average daily balance above $500. 

• No monthly service fee
• Offers all the FREE electronic services of a standard checking account (Home Banking, Mobile Banking, Electronic Statements, Mobile Remote Deposit Capture & Voice Response)

VISA Debit Card

• Great complement to youth checking account
• Withdraw cash from ATM
• Youth practice buying with plastic with parents' guidance

First Car Loan

• Parents co-sign and we'll set the loan rate based on parents' credit scores
• Loan will work on building the youths' credit score

Credit-Builder Loan

• Build credit for your youth even if they don't need the money
• Low interest rate with funds set aside in a savings account
• Youth makes payments toward the loan, and when the monthly principal payments equal the amount saved, the money is yours

When your child turns 18, their account will automatically convert to a FREE standard checking account. They'll get: 

• All the FREE features they had before and still pay no monthly fees
• Helpful tools to build good credit and work toward financial goals

You can also request to be taken off the account or continue to be a join account holder.

CO-OP Shared Branching

• Allows youth to take the account with them to college
• 5,000+ nationwide shared brasnch locations