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
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
Teen Checking Account (Ages 13-17)
Learn to spend wisely at an early age with a Teen Checking Account.11
- No minimum opening balance
- No monthly fees
- Internet Banking & Mobile Banking access
- Card Management & CUAlerts through Internet Banking & Mobile Banking
- Adult 18 or older must be joint on account
Credit Builder Loan (Age 18+)
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.
Important Legal Disclosures & Information
1College Savings: APY=Annual Percentage Yield. The APY is 0.02%, effective as of 9/1/23, 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. 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 9/1/23, 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.
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 9/1/23 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: Are not NCUA/NCUSIF insured | Are not obligations of HVCU | Are not guaranteed by HVCU