Federated Employees Credit Union has products and services to help grads start adult life with the right financial tools for success. Whether you’re planning to get your own place, financing your education, or saving for the future you’ll find everything you need at FECU.
Become a Member
FECU has Personal Financing Calculators and online tool to help you make the best financial decisions.
- This calculator computes how much money you will need to save monthly in order to reach a desired savings goal.
- Use this calculator to find out how much money you can afford to borrow.
- Should I rent or buy? Compares the cost of renting versus the real cost of buying a home.
Graduation from $ave-N-Grow Program
$ave-N-Grow offers specialized terms and conditions to help young adults learn as they save and spend responsibly. Teens receive graduation letters when he or she turns 18 years old. They’ll even enjoy some special benefits that include a coupon for a half-percent rate discount on an auto loan.
Checking accounts at FECU are easy and convenient. There is no minimum balance and no service fees! Joint parental ownership is required until child turns 18 years old. Dividends that are compounded daily and paid monthly. Checking Features: Learn more about FECU checking accounts.
Our VISA® debit card is available to children 14 years and older. No matter where life takes you after graduation use this card to make purchases at millions of locations that accept debit cards around the world. You can also use it to withdraw money, check your account balance and more from an ATM near you.
Students enrolled in post-secondary education are eligible to borrow up to $5,000 per student per school year, $25,000 maximum. Interest-only payments if borrower is enrolled as a full-time student. FECU also offers automatic payment options and there are no pre-payment penalties if the loan is paid off early.
A good education is the key to a bright future — Apply for a Student Loan
Most young adults will need a credit card for the larger purchases or emergencies. Our Visa® credit card is available to children over 15 years old. Parent is required to co-sign until the cardholder turns age 21 years old. All cardholders must meet our lending qualifications. Learn more about the features and benefits of the FECU VISA® Credit Card.
Published Date:June 14, 2022
Categories: News and Promotions