NexGen Youth Accounts

Banking for the smartest generation of them all!

Here at Energy Credit Union we think that it's very important for young people to develop good financial skills early on. That's why our NexGen Youth accounts were created. With the supervision of parents or guardians, they will learn how to save money, make wise decisions when it comes to spending money and develop confidence in managing money.

NexGen Kids - Kids (age 0 – 13)

We Encourage children as young as possible to start developing the habit of saving by using our fun starter savings account. It's the perfect place for your child to start building a nest egg.

Features

• Savings account only.
• Earn a promotional 5.00% APY on the first $500*.
• All balances over $500 earn the regular savings rate.
• No debit card.
• Online banking, view only access.
• Free financial education book from thinkers: Money Stories: what would you do?
• Learn money smart strategies such as: saving, spending, making decisions, etc.

Membership Requirements

• Both the parent and the child must meet the qualifications for membership.
• The account must be opened in person.
• The savings account requires a $10 share deposit.
• One of the parents or legal guardians must also be the joint signer on this account.

Identification Required

• For the child: Birth certificate, social security card.
• For the parent/ guardian: Valid government issued photo id.

NexGen Teens - Teenagers (age 14 – 18)

Our NexGen Teen savings account is specifically designed for teenagers that are ready to take control of their own finances but still need some direction when it comes to managing their bank account responsibly.

Features

• Earn a promotional 5.00% APY on the first $500*.
• All balances over $500 earn the regular savings rate.
• Online banking with limited access:
• View balances.
• Transfer funds between Energy Credit Union accounts.

Membership Requirements

• Both the parent and the teenager must meet the requirements to become members.
• The account must be opened in person.
• The savings account requires a $10 share deposit.
• Parents or legal guardians must be co-signers on this account.

Identification Required

• For the teenager: birth certificate, social security card.
• For the parent/ guardian: Valid government issued photo id.

NOW Checking for Teens

Let your teenagers experience the freedom of making daily purchases with a debit card that includes limits and your guidance.

Features of NOW Checking

• No monthly fees.
• No minimum balance requirement.
• Debit card included with reduced limits:
  • ATM withdrawal limit ($100)
  • Point-of-Sale purchase limit ($300).
• Limited access online banking.
• View balances.
• Transfer funds between Energy Credit Union accounts.

Membership Requirements

• You must qualify to join Energy Credit Union.
• The account must be opened in person.
• Your parent or legal guardian must sign jointly with you on this account.

Identification Required

• For the teenager: birth certificate, social security card;
• For your parent/ guardian: Valid government issued photo id.

Why open a NexGen account?

• Teach good financial habits early on.
• Encourage your children to save and spend wisely.
• Use safe and supervised bank products.
• Get competitive promotional interest rate on savings accounts.
• Support from local staff at Energy Credit Union.

Come visit one of energy credit unions branches today to Help your child create a financially secure tomorrow!

Open a NexGen account today!

Need more information about NexGen youth accounts or membership qualifications?

Call us today to Learn more about NexGen youth accounts and how to become members!

• *APY - Annual Percentage Yield.