Youth Accounts
For a Brighter Tomorrow
A wide variety of savings options to fit your financial needs.
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For a Brighter Tomorrow
A wide variety of savings options to fit your financial needs.
Set up your Youth Account as either a custodial account or a joint account, depending on the age of the minor and your preferences as the adult.
Custodial accounts (which are set up under the Ohio Transfers to Minors Act framework) allow the adult cosigner to maintain control of the account while the funds are used for the benefit of the minor.
For teens at least 15 years old, open a joint Teen Membership to allow them to transact on the account without your presence and learn how to bank.
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The Early Savers Membership Savings follows the Ohio Transfers to Minors Act framework and is offered for all minors under the age of 18. With these accounts, a person over the age of 18 acts as a custodian for the funds in the account while they are owned by the minor. The custodian is responsible for making sure the funds in the account are used for the benefit of the minor. At an age designated by the custodian, between 18 and 25, the custodian is responsible for delivering the funds to the beneficiary at that time.
The Teen Membership is a joint account ownership that allows teens fifteen (15) years or older to establish their first credit union accounts with an adult as a joint signer. This Membership comes standard with a savings account, but a checking account, debit card, and other products and features may be added at the request of the adult account signer.
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