Youth Accounts
Invest in your child's future by teaching them the value of a dollar. Our youth financial products and services are designed to help kids learn the skills they need to manage money responsibly, and achieve their financial goals.
Our fun and engaging resources make learning finances easy and enjoyable for kids of all ages. Our youth account programs are designed to help kids learn the basics of money management, and develop good financial habits that will last a lifetime.
We offer 3 types of accounts to make sure you are covered:
Youth Account Types
| Features at a glance |
Kids Club |
Teen Account |
Custodial Account |
| Ages |
Ages 1-12 |
Ages 13-17 |
Up to age 21 or 25 |
| Minimum balance amount |
$5 |
$5 |
$5 |
| Control of account |
Any account owner |
Any account owner |
Custodial until beneficiary reaches age of majority |
| Earn funds for grades |
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| Unlimited transactions |
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| No monthly maintenance fees |
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| Earns quarterly dividends |
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Ready to get your kids started with their first account?
Meet our club mascot River the Labrador Retriever who is here to help! 
Credit Union of Richmond is committed to teaching financial responsibility. With our kids club account, children will have the opportunity to earn money for good grades and begin saving building their financial legacy. This account is specifically for children, stepchildren, and grandchildren of current members.
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With a Credit Union of Richmond teen account, you’re in control of your future. If you are between the ages of 13-17, our teen accounts offer a convenient way to save. Plus, we offer a convenient checking account, and debit card options to have your child build good money habits for the future1.
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Bring your report card with good grades to Credit Union of Richmond and we will deposit a reward into your share savings account as a way of recognizing your hard work and academic achievements.
Deadlines to redeem:
- Bring in your August – December report cards by January 31st the following year.
- Bring in your January – June report cards by July 31st of that year.
Rules:
- Earn a maximum of $10.
- Grade must be an “A” or “B” on whatever the highest score is on the school’s grading scale (E, 3, ETC.).
- Electives do not count.
- Student must be a member of Credit Union of Richmond.
- Offer is available to students in grades K – 12.
Celebrate our 100-year anniversary with a Youth Certificate Special!
Earn 3.03% APY2
- 12-month term
- Deposit up to $3,000
- Earn a higher rate than a traditional savings account