Oakland University Credit Union

Money Club

OU Credit Union's Money Club account is designed especially for members ages 11-13. The Money Club account helps teens identify and prioritize their personal money management goals, develop a budget, track income and spending, and helps them understand the cost of using credit.

• Visa Debit Card available but not required
• Opportunities to participate in contests and promotions
• Access to the Youth Store, where you use coins to purchase fun items in ComputerLine
• Tailored gaming apps that make learning about money fun
• Open a youth account with $50 or more and receive a free gift

Apply for your teens Money Club account by clicking the Apply Now button below, by phone, or at any branch location.

Apply Now

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What happens to my child's youth account when they turn 18?

When your child turns 18, the youth account will automatically change into a Grizzly Saver. Additionally, as your child is no longer classified as a minor, they would be able to be an account holder without a parent/guardian as the joint party present. The parent or guardian can be removed from the account with an Assignment of Interest form. Additional changes include that your child is now eligible for Courtesy Pay, and your child would be eligible to apply for a Visa increase and remove their parent from an existing Visa if applicable.

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What kind of access do youth members have to their account?

Youth account members have full access to the account, and nearly full access to all the services that we provide at the Credit Union. The account requires a joint party until the youth member is 18 years of age. A youth member can have a Visa Debit Card issued at any age, and they are able to have a Visa Credit Card with a joint party/co-borrower. OU Credit Union offers youth accounts more so to help these members with positive savings habits, to create opportunities to learn about finances and familiarity with visiting or contacting the credit union. Youth members can also participate in contests throughout the year and win prizes.

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Will I need to switch youth accounts as my child gets older?

You will not need to make any changes as your child gets older and progresses through the different youth account stages, ie. Sweet Pea: 0-2 years old, Dollar Dog: 3-6 years old, Cyber Saver: 7-10 years old, Money Club: 11-13 years old, CU Succeed: 14-17 years old. These changes will be made automatically. The main reason we have separate types of Youths accounts, is to ensure that we are offering individualized growth and engagement opportunities for each youth member. As an example, for Sweet Pea members we recommend products such as Coverdell Education Savings Accounts (CESA), and Free Gaming Apps, while alternatively for CU Succeed Accounts, we might recommend other products and services such as the Mobile app, Youth Visa, and Checking and Debit Card.

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How do I make deposits in to my child's account?

Deposits can be made to your child's account the same way that you would to any standard account. You can make a deposit checks via eDeposit, OU Credit Union branches, shared branches, or mail. If the child is able to sign their own name, they are able to endorse the check. Otherwise, a joint party on the youth account may sign and write that it is on behalf of the a minor.

Additionally, we can connect your account with your child's account so that you are able to make a deposit using "MoveMoney" while logged into your account. We can set up this Transfer Access after your child's account has been opened.

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