It's never too early to teach your children about money.
Educating children about finances provides a head start on saving and helps them develop good money management skills.
The Financial Freedom Youth Club is here to provide 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 are able to participate in the program. All youth members start with a free savings account, the passport to all of our great benefits.
Financial Freedom Savings and 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. The Financial Freedom savings has all of benefits of our basic savings in addition to:
FREE ATM Card for ages 13 and up*
Minimum balance Savings Certificate of $200.00
Free Youth Events offered throughout the year
Our members age 16 and older have the option to open a Financial Freedom Checking* designed specifically for our young adults to put those good money management tools to use and earn rewards with our free VISA debit cards. A Financial Freedom Checking provides all the benefits of our basic checking account in addition to:
Set your child up for success with a VUTMA account
A VUTMA account provides a convenient way for parents to save for the benefit of their child while limiting their access to the account. Deposits can be made at any time by anyone and withdrawals must be used for the benefit of the minor. Parents have the option to designate an additional custodian and choose the age in which the child takes control of the account (18 or 21). This account is an easy way to save for long term goals such as their first car or college.
Financial Freedom Youth Programs
Good Grades Drawings
The good grades drawing is open to every youth member who has all A's and/or B's on their report card. The drawings correspond with the report card schedules. Fax, email, or bring your report cards into the branch for your chance to win.
Get your MegaBuk$ 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.
Book Brain$ Summer Reading Program
6-week summer reading program for all ages starting July of each year.
Interactive Resources for every age
Hampton Roads Educators' Credit Union is dedicated to the financial literacy and wellness of all of our members. Here are some great interactive resources to teach money management concepts for every stage of life.
Stop in the branch for your youth account today
*With parent/guardian joint signature