Money Rules: Teens learn how to use banking products with their parents' guidance
Community Resource Federal Credit Union's Money Rules Program has a ton of services that will give you the knowledge and freedom to make your own financial decisions. And, by using these banking products now - before you leave high school and set out on your own - you'll learn how to be a smart financial consumer!
Save for your future
Money Rules 1-year Share Certificate (CD) with an above market rate and a $100 minimum to open. Make deposits at any time up to $30,000 per term. The Share Certificate transfers to a regular one-year Share Certificate when it comes up for maturity after the teen's 18th birthday. Click here for current rates
Your own checking account and ATM/VISA debit card
If you're at least 16 years old, you can open a Money Rules Checking Account and Member Connection ATM/VISA® Debit Card. You'll be responsible for making your own deposits and withdrawals and keeping track of them too. You must apply jointly with your parent.
Quarterly drawing to win $25 movie gift cards
You’ll receive one entry for every A on your report card. Drop off, mail, fax or email your report card to us by February 28, April 30, June 30 and November 28. We will randomly select three winners per quarter.
Money Rules College Scholarship
Each year, we will award one $1,000 scholarship to the Money Rules member who is a college-bound, high school senior and who demonstrates the greatest financial need.
Small loan for a bigger purchase
If you’re at least 16 years old, you can apply for a Money Rules Personal Loan up to $500. Your parents must co-sign and be credit qualified. You must successfully complete the BALANCETrack Teens & Money module before the loan will be disbursed. Skip-A-Payment and the .50% Annual Percentage Rate discount for automatic payment do not apply.
Learn about credit by using it
If you are at least 16 years old, you can be an authorized user on your parent's credit card. This means that you share your parent's credit line. Your purchases will not earn rewards.
CUScholar Private Student Loans
Federal loans won’t cover the cost of your college education? The CUScholar Private Student Loan can be the answer to your funding needs. Borrow as little as $2,000 or as much as $30,000 per year for a maximum of $120,000 in undergraduate loans or $160,000 in graduate loans.
Knowledge is power
You’ll have access to valuable online tools to teach you how to use banking products.
Money Rules membership requires you to open a savings account.
Click here to apply! Or, call (518) 783-2211 or 1-888-783-2211 for more information.