Youth Share Account

 

Requirements · Youth Account Basics · Youth Month · Other Benefits

LES People’s FCU has accounts for every age, including our members under the age of 18

Check out and open one of these age appropriate accounts. These accounts are insured by National Credit Union Association (NCUA) up to $250,000.

Requirements

For children younger than age 14, parent or adult must accompany minor and bring the following:

  • Copy of child’s Birth Certificate

  • Child’s Social Security Number or ITIN

  • Parent’s picture ID with current proof of address

Youngsters/Teens between the ages of 14 and under 18, bring the following:

  • Photo ID: State ID, Passport, Municipal ID, School ID

  • Proof of Address: school letter, notarized parents letter, pay stubs, bank statement, clinic card

  • Social Security Number or ITIN

Youth Account Basics

Savings
Minimum deposit required $1.00
Monthly Maintenance Fee FREE
Annual Account Service Fee (charged on July 31) $5.00
Checking (Available with a joint account with a parent)
Initial deposit required $25.00
Monthly Maintenance Fee FREE
Minimum balance required FREE
ATM/Debit Cards
ATMs are available with Savings only [1]
Debit cards are available with Checking only [2]
First 8 ATM/PIN transactions per month FREE
ATM Transaction fee after $1.00
[1]For teens of age 14 to under 18 interested in a Checking Account and a Debit Card, joint account and parental consent are required. Cards are issued in the name of the minor.

Youth Month for Youth Savers

SAVE SMALL,

DREAM BIG

LES People's celebrates Youth Month: Introducing Youth Accounts Benefits!

Experience the Benefits of a Youth Savings Account for members under 18 years old, linked to an ATM Card with Access to 30,000+ surcharge-free locations nationwide. “Teen” members (14 and older) can also enjoy a Checking Account linked to a Debit Card, when the account is jointly owned with a Parent or Guardian.

But That's Not All! Instilling the Habit of Saving is Our Top Priority for the Next Generation. Let Us Help Your Youth Members Learn the Value of Saving for a Secure Financial Future.

Here are four things we can support you with:

  • Open a New Youth Account (highlighted with app) with $5

  • Get an ATM/Debit Card2 and used in over 30,000 free locations across the country

  • Manage your finances with Online and Mobile banking. (highlighted as well)

  • Be ready to embrace your credit journey learning about debt-free products to build credit

  • When you turn 18, transition to an affordable savings and checking accounts

Other Benefits

College Scholarship
$1,000.00 College Scholarships for High School Seniors are available every year. 

Youth Month
Celebrate Youth Month every April. Win gifts, take a tour to our offices and 1950’s vault, enter to win raffles and bring your savings to the credit union.

Click here for Children’s Online Privacy Protection Rule

Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197 or by emailing lespfcu@lespfcu.org.