Peoples Advantage FCU Logo

Youth Accounts

Kids Are Terrific Savers (KATS)! That's why we created a special KATS account designed for children under the age of 18. This special account only requires a $5.00 share deposit and requires no minimum balance to receive dividends. This account can be connected to our Online Banking, so children can begin watching their money grow immediately!

We have a KAT's certificate, which only requires a $100.00 minimum balance to open. These accounts have been specially designed to teach children the importance of saving and managing money at an early age.

Advantages:

  • For children under 18
  • Earns dividends immediately
  • Smooth transition to a regular savings account at 18
  • Can set up automatic transfers from parents accounts
  • Start saving habits at a young age
  • Offers financial education on how the credit union operates
  • Makes you money
  • Convenient

What is required to open a KATS account?

  • Parent/guardians valid picture Identification card
  • Parent/guardians social security card
  • Child's social security card
  • $5.00 Share deposit
Open An Account
Why PAFCU
Youth Resource Center
Where our mission is to enable the underserved, unbanked, and no credit population to build and fulfill dreams by taking the Peoples "Advantage".