Kids’ Credit Union is designed to grow as your child grows.
Each Kids’ Credit Union member is asked to work toward the savings goal for his/her current age/grade level
The savings year runs from July 1-June 30.
If the member meets his/her yearly savings goal, that exact amount is converted into a Share Certificate.
Share Certificates are issued in July and mature in December of the child’s graduation year.
Children who join KCU by 2nd grade and meet all savings goals will graduate with over $10,000.
Those who join earlier and meet all savings goals will likely have more than $10,000.
There could be advantages to withdrawing the proceeds before a child begins his/her senior year. Talk to a financial adviser to determine which strategy works best for your family.
If your child/children are unable to meet their 6th-11th grade savings goal, there is a fallback savings goal of $500 that he/she can meet. The fall back CD of $500 will earn 5% interest. SCFCU wants to help KCU members contribute to their continued savings.
Joining is EASY
Children of all ages can join Kids’ Credit Union to begin saving.
If your child or a member of his/her family lives, works, worships or attends school in Chautauqua County, he/she is encouraged to join the Kids’ Credit Union.
Call 665-7000 or stop by any branch to open an account.
Why Save
Competitive dividend rates as high as 10% that never fall below 5%.
