Chevron Federal Credit Union (CFCU) recognizes the need to begin teaching children about money management at an early age. For this reason, we have initiated the following three youth programs:
CFCU Newborns
CFCU will make the first $25.00 deposit to open a new membership account - either regular membership or UTMA account (Uniform Transfer to Minor Account) - for the newborn child. (For the purposes of this offer, CFCU considers a newborn to be 365 days old or less.) Click here for details.
Money Mix
Get your money working towards your goals and future without sacrificing the present with MoneyMixTM: Launch Your Life. It’s a free collection of financial tools and articles geared specifically for the opportunities and challenges young adults are facing today. You can even discuss ideas and issues with peers on our interactive blog. Topics include:
- Budgeting that matches your priorities
- Savings plans that work
- Making use—not abuse—of credit
Click here to visit Money Mix
Looney Tunes Kids Club
The Looney Tunes Savings Club is designed especially for our young members ages 12 and under. It is just like a savings account, but is designed to help young savers learn how to save and manage money. It's never too soon to prepare financially for the future. Click here for details.
MySavingsSM
The MySavingsSM account offers a 7.00% Annual Percentage Yield (APY)* on balances of $1,000 or less. This is not a one-time special or a limited offering. Please click here for more information on this great product.
CFCU also offers multiple annual scholarships of $1,000 for members entering their first year of college. Please click here for more information and find helpful links about financial aid, scholarships, and grants as well. Plus, check out our cool links which include fun websites and homework help!
At CFCU, we are dedicated to providing tools to help improve financial literacy. Our Youth Services program teaches young members budgeting skills and offers different savings options. For more information, please visit your local CFCU branch or call us at 510-627-5000 or toll-free 800-232-8101.
*APY subject to change without notice.
CFCU Rewards Youth Deposits
CFCU has two reward programs, Quarterly Contests and Treasure Chests, to encourage our younger members to consistently make deposits into their CFCU accounts.
Quarterly Drawings are open to members ages 18 and under. Each time a young member makes a deposit into their account, he or she will receive a raffle entry for the Quarterly Drawing. Winners are drawn quarterly and will receive a $15 gift card to a popular retail outlet (i.e., movie theater, toy store, restaurant, etc.).
Treasure Chests are available in all of our branches for members between the ages of 1 and 12. When a member in this age group makes a deposit into their CFCU account, he or she may choose a fun prize from the Treasure Chest.*
For more information on Treasure Chests or Quarterly Contests, please email youthdeposits@chevronfcu.org.
*Parents making deposits on behalf of their children may choose a prize or receive a raffle entry for their child. Members who make deposits into youth accounts by mail, ATM, PC Access, or at a Shared Branch, please email youthdeposits@chevronfcu.org with the member's name and date of deposit to have a prize mailed from the Treasure Chest or a Quarterly Drawing entry.
