At Pacific Service Credit Union, we believe that teaching children and young adults about money management instills important financial habits that last a lifetime. That’s why we’ve designed a suite of products specifically suited to children and young adults.
And better yet, when you give the gift of membership by opening an account for anyone 21 years or younger before December 31, 2012, we’ll deposit $25 to help them get started. Here are our age-specific products:
We believe it’s important to teach our children and grandchildren to save money. For young adults, we’ve lowered our certificate minimums to only $100 to make it easier to maximize their earnings. We also encourage members under age 21 to save by adding an extra $5 to their account when they deposit their birthday money with us.
FirstStep Checking was created for members 23 and under. It features no minimum balance requirement, no monthly fees and out-of-network ATM fee reimbursement up to $3 per transaction and $12 per month. And it still has all the “frees” of our regular checking accounts like a Visa debit card, mobile banking, online banking, eStatements and bill pay.
Visa Platinum Starter Card
We also want to instill the importance of building a positive credit history. That’s why we developed our Visa Platinum Starter Card program. It features no annual fee and an initial $500 credit limit, which is low enough to manage for first-timers while they build a positive credit history.
First-Time Car Loan
Buying a car is likely in your young adult’s future. They imagine color, style and features, but they also need to consider a low rate and an affordable monthly payment. That’s where we come in. Using a parent co-signer may help them qualify for our lowest rates. That’s a huge benefit and a rare opportunity.
We know our kids have challenges ahead, but finding affordable financial services shouldn’t be one of them. Check out our website devoted to our young adult members for more information.
If your child or grandchild isn’t already a Pacific Service CU member, it’s the perfect holiday gift. Skip the “cash in a card” and give them financial benefits that last a lifetime.
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by Kristin, Vice President, Marketing