Kid & Teen Accounts

Savvy financial habits begin at an early age.

Get Ahead of the Game with HVCU's Kid & Teen Accounts

We offer a series of accounts to help some of our youngest members start strong. Whether your needs include saving or smart spending and borrowing, you can have peace of mind that we’ll be with you every step of the way.

College Savings Accounts (Age 18 & younger)

Save now for college expenses later with a College Savings Account.1

  • $5 minimum opening balance
  • Make at least 10 monthly deposits of at least $10
  • No monthly fees
  • Free educational tools
  • Earn an annual bonus up to $100 per year (See bonus structure below)
  • Parent or guardian must be joint on account
Members age 13 and older may open an account online.
Money in a glass jar labeled education

College Savings Annual Bonus

To earn annual bonuses, you must:

  • Open the account before your child turns 17
  • Make at least 10 monthly deposits and
  • Increase the savings balance by $100 each anniversary year1

College Savings Bonus Structure

Age Bonus
Per Year
1-5
$25
6-10
$50
11-15
$75
16-18
$100


Teen Checking Account (Ages 13-17)

Learn to spend wisely at an early age with a Teen Checking Account.11

You can open a teen checking account online or in any of our branches.
Young girl using an outdoor ATM

Credit Builder Loan (Age 18+)

With our Personal Assistance Loans, you can build your credit and get cash when you need it.
  • Borrow up to $1,500
  • Helps build credit
  • 6 and 12 month terms3 available
  • Quick online application & instant decision
  • No credit check
  • 90-day membership requirement
  • $20 application fee4
Young woman sitting with a financial advisor

Not an Internet / Mobile Banking user? Learn more or register today.

Your Money Is Protected

Accounts at HVCU are Federally Insured for up to $250,000. Share insurance coverage is provided by the National Credit Union Administration (NCUA), an independent government agency that charters, regulates and insures federal credit unions. Visit mycreditunion.gov to learn more about your Share Insurance Coverage.

We Are Here To Help

Important Legal Disclosures & Information


1College Savings: APY=Annual Percentage Yield. The APY is 0.02%, effective as of 11/1/24, and is subject to change without notice. The minimum balance to open a College Savings is $5.00. Parent or guardian must be joint. Minor must also have a Primary Savings account with a $0.01 minimum balance. Fees may reduce earnings. Rates are variable and may change after account opening. The bonus will be credited to the College Savings account annually, at month end, on the anniversary date of account opening in accordance with the Eligibility Requirements described in our Truth in Savings and Account Agreement. May be subject to IRS reporting.

2Teen Checking: APY=Annual Percentage Yield. The APY is 0.02%, effective as of 11/1/24, and is subject to change without notice. The minimum balance to open a Teen Checking is $0.00. An adult at least 18 years of age must be joint. Minor must also have a Primary Savings account with a $5 minimum balance. Fees could reduce earnings. Rates are variable and may change after account opening.

3PAL (Credit Builder Loan): The Annual Percentage Rate for the Personal Assistance Loan (PAL) is 25.00% and the PAL Plus is 18.00%. Rates are effective as of 11/1/24 and subject to change without notice. As an example, a 6 month, 25% fixed rate Personal Assistance Loan for $1,000 would result in 6 monthly payments of $179.03 Your actual payment may be higher.

4An application fee of $20 is charged, whether or not the loan is approved.

5Insurance products offered through InsureOne Insurance Services America, LLC and its affiliated companies identified on https://www.insureone.com/affiliate-disclosure/. Insurance products: 1) are not NCUSIF insured; 2) are not obligations of or guaranteed by the Credit Union or any affiliated entities; 3) involve investment risk, including possible loss of value. Insurance products not available in all states. Actual policy premium may vary based on driving records, garaging address, vehicle type, insurance coverage selected, and other underwriting factors. Other rates, service fees, restrictions, and charges may apply.