Youth Share Account
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 Administration (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
| Share Account (Savings) | |
|---|---|
| Minimum deposit required | $1.00 |
| Monthly Maintenance Fee | FREE |
| Annual Account Service Fee (charged on July 31) | $5.00 |
| Share Draft (Checking)-Available with Parental Consent | |
|---|---|
| Initial deposit required | $25.00 |
| Monthly Maintenance Fee | FREE |
| Minimum balance required | FREE |
| ATM/Debit Cards | |
|---|---|
| ATMs are available with Share Accounts (Savings) only [1] Debit cards are available with Share Draft Accounts (Checking) only [2] |
|
| First 8 ATM/PIN transactions per month | FREE |
| ATM Transaction fee after | $1.00 |
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.