It’s a good time to help our younger members learn good savings habits.
Memorial Credit Union’s youth accounts provide tools for your child to gain skills on managing money and teaches them the importance of saving. Your child could begin to save for long-term goals, such as college and cars. We make it fun to save!
Young Investors Account
The Investors account is designed for members up to 12 years of age. We also like to promote good grades and reading by giving prizes for good report cards and book reports on their favorite books.
- Open with as little as $5.00
- Paid quarterly dividends on balances $5.00 or greater
- Must have a parent or legal guardian as a custodian on the account (with valid ID and Social Security Card)
Teen Investors Account
The Teen account is designed for members 13-17. The teens will continue to learn the importance of saving and the importance of maintaining good credit.
- Open with as little as $5.00
- Account must require a joint account holder of legal age (parent or guardian)
- Open a checking account (with a parent/guardian)
- Parents can choose to make deposits into this account through payroll deduction
Click here for information on the Children’s Online Privacy Protection Act (COPPA).
*You must be a youth member 17 and under, in good standing, and open a new youth savings or checking account or make a deposit in April 2024, to be automatically entered into the drawing for Airpods Pro 2nd Generation valued at $190.
No purchase is necessary to enter and win. Youth members 17 and under may enter the drawing by submitting a handwritten form without purchase or obligation. Mail a 3×5 card with your name, address, and contact information to Memorial Credit Union, Attn: Marketing, 7789 Southwest Freeway, Suite 175, Houston, Texas 77074. Entries must be received by 5 p.m. on April 30, 2024.
The winner will be selected in a random drawing in May 2024. Officials and employees of the credit union and their family members are not eligible to participate in the drawing. Offer can change at any time and expires on April 30, 2024. The winner agrees to pick up the prize in the MCU lobby and pose for a photo to be used in MCU marketing.
Youth Accounts:
- For members 17 and under.
- Open with just $5.
- Earns quarterly dividends.
- For members 13-17, Checking accounts are available with a parent as a joint signer.
- Prizes for good grades and perfect attendance.
