Youth Accounts

LLCU wants to help young members build a strong financial future! With LLCU MAKING CENTS YOUTH PROGRAM, they will have the tools and resources to do so. Our PENNY, NICKEL, and DIME Accounts were developed for different age groups in order to evolve with the changing needs of our youth as they grow older. As our young members transition through the MAKING CENTS account levels, they will be equipped with resources and tools to make sound financial decisions and plans relevant to their own age level.

*Please note - All youth account holders are required to have a parent/guardian as a joint account holder or have a permission slip signed for any member aged 16-17 years.

Account Offerings & Learning Tools

Penny Account (AGES 7 & Under)

It is never too early to teach the importance of saving! LLCU’s Penny Account is designed to do just that! LLCU Penny Account members will receive an LLCU Coin Card to collect change until they are ready to make a deposit. They will also receive a Penny Punch Card and will get a “punch” for every $5 deposited into their Penny Account. Once the Penny Punch Card is full, they will be able to pick a prize from the LLCU Treasure Chest!

Account Details

  • Designed for Ages 7 & under
  • $5 to open
  • No monthly service fee
  • Earns dividends
  • Up to 6 withdrawals per month

What to Expect

  • Their own Account Card
  • Coin Card & Punch Cards
  • School aged members are eligible for LLCU’s Pays for A’s Program
  • Educational Content to teach about saving, counting, and more!

Penny Account Activities

* Automatic transfer to Nickel Account on 8th birthday.


Nickel Account (AGES 8-12 YEARS)

Let your kid’s financial knowledge TAKE OFF with LLCU’s Nickel Account. This account and program will help teach them the importance of earning and budgeting money. They will receive punch cards, with more punches to encourage more saving. They will also receive an LLCU Budget Planner that easily shows how to divide their earnings into saving or spending. Whether they earn money through allowance, chores, or gifts, those deposits can help teach the importance of good planning. At the year end, they can bring in their completed LLCU Budget Planner to be stamped and receive a great prize! 

Download your Budget Planner: Budget Planner PDF or Budget Planner EXCEL

Account Details

  • Designed for Ages 8 to 12
  • $5 to open
  • No monthly service fee
  • Earns dividends
  • Up to 6 withdrawals per month

What to Expect

  • Their own Account Card
  • Budget Planner & Punch Cards 
  • Eligible for LLCU’s Pays for A’s Program
  • Educational Content to teach about the basics of earning, spending and saving!

Nickel Account Activities

Video

* This video refers to transaction limits and fees in a general manner. For specific fee rates and limitations on your account, ask an LLCU Member Representative!

* Automatic transfer to Dime Account on 13th birthday.


Dime Account (AGES 13-17 YEARS)

The teen years brings about more responsibility. The LLCU Dime Account will help them learn to take on more financial responsibility, while giving parents optimal supervision to their spending. With the Dime Account, your teen may have their own LLCU Debit Card. You, the parent, can control how much is deposited, how much is spent, all while working with your teen to budget and plan. Dime Account holders will be given a registry to keep track of deposits and debits, moving them one step closer to managing a checking account. At the end of the year, they can bring in their register to be stamped for a prize!

Account Details

  • Designed for Ages 13 to 17
  • $5 to open
  • No monthly service fee
  • Earns dividends
  • Up to 6 withdrawals per month

What to Expect

  • Their own Account Card
  • Eligible for Checking Account & Debit Card
  • Registry
  • LLCU’s Pays for A’s Program
  • Educational Content to teach about basic “adult” banking and saving for big future expenses!

Dime Account Activities

Videos

*Saturday Night Live is a comedy sketch show. This sketch/video is indented to be funny. All jokes aside the video does explain how simple it should be to spend less than what you earn.


Incentive Programs

Pays for A's Program*

LLCU wants youth to know how important it is to work hard in school and make GOOD GRADES! SO - WE'RE PAYING FOR A's!

Here’s how to participate:

  • Open an MAKING ¢ENTS LLCU Youth Savings Account with just $5.00!
  • Count up your A's and bring in your QUARTERLY report card
  • We will deposit $1 into your account for EVERY “A” Grade (or equivalent).
  • Withdrawal the funds or KEEP SAVING – IT’S UP TO YOU!
  • MAKING ¢ENTS Youth Accounts earn 0.08% APY*.

To learn more about the LLCU PAYS for A's program, call 1-844-222-7788

Rules:

Must be eligible for membership. Minimum account balance of $5.00 required to receive incentive. Report card presented must be official print out of school child is attending. Quarterly report cards only. Must redeem within 30 days of official report card posting date. Incentives earned for each “A” grade will be deposited in participant’s LLCU Youth Savings Account within 2 business days of presenting report card at any LLCU location. Pays for A’s Promotion valid from September 1st – June 30th each year.

*APY = Annual Percentage Yield. APY accurate as of 02/01/2024.

Bucks for Books*

LLCU wants kids to READ BOOKS – SO WE’RE GONNA PAY THEM TO DO IT!

Rules:

  1. Must have an LLCU MAKING CENTS Youth Account to receive the $10 reward, which will be deposited into your existing account once you have read all 10 books and submitted the BUCK$ for BOOK$ LOG.
  2. If you do not already have an LLCU Youth Account, you can open one quickly and easily with just a $5 minimum deposit.
  3. BUCK$ for BOOK$ logs can be picked up at any LLCU branch or downloaded here: BUCK$ for BOOK$ LOG.
  4. BUCK$ for BOOK$ rewards will be paid out to any child aged 3 – 17 years old with a completed book log, or to any parent/legal guardian of a child aged 1-2 years old, who participated in Parent/Child reading time. (parent reading to child) and completed the book log.
  5. A maximum of 5 completed book logs in a 12-month period are allowed to be submitted and receive the incentive deposit to the youth account – per member.
  6. Book logs can be submitted for incentive redemption at any time after completion of the reading and obtaining verification signature.
  7. All logs must be verified and signed by a guardian or teacher of child.
  8. A minimum youth account balance of $5.00 is required to receive incentive. Incentive will be paid within two (2) business days of submitted completed and verified log to branch representative.
  9. LLCU MAKING CENTS Youth Accounts earn 0.08% APY**.

*All LLCU Making Cents Youth Account Members must have a parent/guardian sign as a joint account holder or a parent/guardian must sign a permission slip for any member aged 16-17 years. Must be eligible for membership to qualify for the Pays for A's and/or Bucks for Books programs. Must have a minimum balance of $5.00 to receive incentive.  Click here to view LLCU membership requirements. 

**APY = Annual Percentage Yield. APY is accurate as of 02/01/2024.

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