Why open a Youth Account?

·         Introduction to the importance of developing strong banking relationships

·         To get in the habit of saving

·         Earn money from dividends*

·         Introduction to financial institutions and how deposits and withdrawals work

·         Has the availability of automatic transfers and direct deposit from an adult’s account

*When balance reaches $25

Why Dallas Credit Union?

·         No Service Fee

·         Receive ownership in DCU rather than just another account number at a bank

·         We are not-for-profit, so the return goes back to our members

·         Receive superior personalized service with lower rates and higher dividends

·         We are committed to promoting financial literacy

Why Now?

     It is never too young too late to teach a child     
     about money & good credit!

·         Age 2- Kids start asking for specific items at the grocery store.

·         Ages 2-4 they learn how to count.

·         Age 4 they know they have to pay if they want something at a store.

·         5-6 they know the difference between coins and are making purchases on their own.

·         School age kids know that once their money is spent, it’s gone.

·         8-10 they are intrigued that they can earn interest on their money. It’s good to start paying them allowance with checks, so they can make their own credit union transactions.

·         Young teens usually make decisions on how they earn and spend their money.

·         Older teen’s financial independence increases as they begin using checking accounts, credit cards, and purchasing a vehicle.