Teen Accounts

Help your teen with every milestone

Teen Account
Let us be there for every milestone.

Start off small


Minimum balance required to open account

Open to teens ages

13 – 17

Parents and guardians set up accounts for their adolescents to teach them how to save, manage money and learn financial responsibility. The minor must have a parent or guardian on the account and must qualify for membership at the credit union. Once the minor reaches 18, their account will convert to a Regular Share Savings account. (See Membership and Eligibility)

Features and Benefits

✓ Teaches youth about finances

✓ Teaches budgeting and planning ahead

✓ Open to ages 13 and up

✓ Staff at CUofR available to speak with your class for educational purposes

✓ $5.00 membership deposit is the only requirement

✓ Mobile app to manage money

✓ Teaches youth independence

✓ The youth may conduct transactions without an adult present

✓ Members ages 15 and up can open checking account

✓ Savings Account earns interest/dividends

CUofR Good Grades Program

Earn $1 for every “B” and $2 for every “A” on your end-of-nine weeks report card! 

You work hard to get an education and Credit Union of Richmond wants to reward your efforts. Bring in your end-of-the nine weeks report card grades to our branch and show us your good grades. We will deposit your reward into your share savings account at Credit Union of Richmond.

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.


  • 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.

Give your teen a reason to be on their phone

teen mobile account

To download the mobile app, simply log into the app store on your phone and search for Credit Union of Richmond. 

Currently, the following features are available:

  • Teens and parents both have shared access. You can both stay up to date on account activity.
  • Account history, balances, pending transactions and check images
  • Apple Pay
  • Remote deposit capture
  • Touch ID and Android fingerprint authentication
  • Instant balance and password reset
  • Ability to send money to others
  • And more!


google play button app store

Open up an account for your teenager today!

For more information, please give us a call at 804-355-9684 or email cuofrichmond.org. Teach your teen financial responsibility.

Have a child that does not qualify for a Teen Account?

Credit Union of Richmond offers Kids Club accounts for children ages 12 and under. Our Kids Club Accounts are designed to help children learn how to manage their money. Let us be there every step of the way, sign up for a Kids Club Account today.

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