FECU Memberships for Youth, Teens, and Young Adults

$ave-N-Grow accounts help young members learn to save and spend responsibly. FECU Membership* is available to all Federated Insurance^® employees’ and retirees’ children and grandchildren. Joint adult ownership is required on the account of children under 18 years old. 

Request new accounts or membership for an individual under 18 years old by calling 507-455-5430 or emailing fedecu@fedins.com.

Note: Minors cannot apply for FECU membership using the online site.

Finance Education

Access free education about checking, identity theft, credit, budgeting, and fun leaning activities so members can make smart financial choices. 

• Additional Resources

Checking Accounts and Debit Cards

Helping teens and young adults understand the value of spending wisely will pay off as they grow. Checking accounts are available to children at least 14 years old with joint parent or gardian ownership required until the child turns 18 years old. As a joint owner the parent or guardian can stay connected with mobile alerts, online banking, and text banking. $ave-N-Grow checking accounts have no minimum balance, usage requirements or fees. Debit cards can be used to make online and in-store purchases or withdraw cash from a nationwide network of surcharge-free ATMs. The cards can be frozen using the tools available in online banking and mobile app for added security and control. 

Managing Accounts  

Secure online banking and the Federated Employees CU mobile app let everyone know what’s happening. Easy to use tools allow teens and young adults to build confidence.  Mobile Alerts reinforce financial independence and provide peace of mind to parents or guardians. These instant notifications can be used for conversations about money management skills and how to avoid costly mistakes. 

Don't have online access? Enroll in Online Banking
Mobile App Download: Search for “Federated Employees CU” in the app store  

• Google Play
• Apple Store

Building Credit History

When looking for your first credit card, make sure to choose one that fits your needs.  It takes time and patience to build credit, but starting early and being responsible with credit can help you establish a positive credit history. It's also important to make your payments on time and in full each month to avoid fees.

• Learn more and apply for a credit card online

Note: The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., and Mastercard International Incorporated.
 

$ave-N-Grow Club

Individuals under 17 years old will have access to exclusive $ave-N-Grow accounts and offers as they grow. They’ll receive a $ave-N-Grow Club birthday letter and opportunities to open saving and spending accounts with terms and conditions that encourage children learn to save and spend responsibly. 

*Membership is available to all Federated Insurance Companies employees and retirees, their spouses, children, grandchildren, parents, and siblings. Membership is also available to all Federated Insurance^® employees’ and retirees’ legally adopted children and grandchildren as well as stepfamily members.  Contact your FECU branch or fill out the New Member Application to join today. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also verify your identity through a credit report or other electronic verification system.

Trademarked names, content, images, features, and products used belong to their respective owners. Federated Employees Credit Union provides third-party links for your convenience. These services and incentives are provided through external third parties, entirely independent from FECU. Terms and conditions apply. These third-party features, applications, and incentives are subject to change. The FECU is not responsible in any way for security, content, services, contractual terms, or data usage. Neither FECU nor its employees are providing legal, financial, investments, tax, or employment advice.