Financial Freedom Youth Club
Educating children about finances provides a head start on saving and helps them develop good money management skills.
The Financial Freedom Youth Club provides you the tools and education to build your children's financial foundation and guide them all the way into adulthood. Members from birth to age 25 can participate in the program. All youth members start with a savings account, the passport to all of our great benefits.
Financial Freedom Savings & Checking*
A $5 opening deposit to a Financial Freedom Savings account is all it takes to get your child on track to lifetime benefits of credit union membership and financial wellness.
Our members age 16 and older have the option to open a Financial Freedom Checking* designed specifically for our young adults to put those good money management tools to use and earn rewards with our free VISA debit cards. A Financial Freedom Checking provides all the benefits of our basic checking account in addition to:
- FREE ATM Card for ages 13 and up*
- FREE checks (to age 25)
Set your child up for success with a VUTMA Account
Get a head start on your child’s savings by opening a Virginia Uniform Transfer to Minors Act (VUTMA) Account, also known as a custodial account. You will maintain full control of the account until he or she reaches the age of 18 or 21. This is a great option for parents and grandparents to begin saving for their children or grandchildren.
The Good Grades drawing is open to every youth member who has all A's and/or B's on their report card. The drawings correspond with report card schedules.
Get your MegaBuk$ Punch Card for ages 4-12 and earn a punch each time that you make a deposit. Once your card is filled, you become eligible for a quarterly drawing prize.
Save up your coins and bring them in to the branch and let our Coin Machine count them for you. There is a 5% charge for members.
Sallie Mae Student Loans
HRECU has partnered with Sallie Mae to bring our members the Smart Option Loan**, allowing families to design the private loan that's right for them. The Smart Option Student Loan offers the following benefits:
- Competitive Rates
- No origination fees
- Choice and flexibility
- Interest rate reduction
Visit the Sallie Mae website for additional information:
**Hampton Roads Educators Credit Union is not the creditor for these loans and is compensated for the referral of Smart Option Student Loan customers. This information is for the borrowers attending degree-granting institutions only. Credit criteria and eligibiolity requirements apply.