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Club F.I.T.Club F.I.T. (Financially Independent Teens)

Account Description

A savings club for teenagers. With membership, each teenager receives prizes or gift cards for different levels of deposits.

Eligibility

Open to teenagers in the Field of Membership between 13 and 19 years of age. The member must have a Social Security Number to open this account.

Account Benefits

  • Great way to teach young people about saving money!
  • Federally Insured through NCUA
  • Earns dividends
  • Easy access via ATM, US mail, TellerPhone, CU Always, in-person and KFCU Online

Dividends Paid

Same rates as the Main Share savings, paid monthly on the average daily balance.

Monthly Service Fee

None1

Minimum Deposit to Open

$25

Balance Requirement

$25

Access where, when, and how you like

1. Transaction limitations apply, per Regulation D .

  1. No ATM allowed on this account.
  2. "In good standing" means: a) Member has a positive balance and owes no fees to KFCU, b) Member is current on all KFCU loans and credit cards, c) No significant NSF activity, d) Main Share account has appropriate par share balance ($25), e) Member's current address is on-file.
  3. No monthly service charge on the account itself, and all other individual product fees apply.

Reg. D limits Electronic or Telephone Transfers to 6 (no more than 3 by check to a third party) per calendar month. Does not include Deposits/Withdrawals made in person or via ATM, or preauthorized Loan Payments to KFCU.

KFCU does not allow "2 Signature Required" accounts.

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Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency.
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