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Our Midwood branch located at 1560 Flatbush Avenue in Brooklyn will reopen this Friday, May 31st!

In the meantime, you can securely access your accounts by logging into Digital Banking or visiting any of our other local branches.

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Youth Accounts

Give Your Child a Head Start On Their Financial Journey.

With only $0.01, you can open a Youth Account for your child—so they can learn the value of saving and start accumulating interest while investing in their future.

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An MCU Youth Account + Your Child = A Smart Investment in Their Future

Our products are designed to meet each member exactly where they are in their financial journey—and that includes our youngest members. Youth Accounts are focused on helping your children get started on their own path to lifelong financial wellness.


Teach the Value of Saving.

Add money to your child’s Youth Account via cash, branch deposit, or direct deposit. Your child will receive quarterly statements and can enjoy the reward of watching their account balance grow over time.

Enjoy Convenient Account Access.

Enjoy Convenient Account Access.

Youth Account holders will receive quarterly statements with balance and dividend updates, and Future Investors can access ATMs in order to withdraw their funds at and after the age of 13.

Earn Regular Dividends.

Earn Regular Dividends.

Dividends are compounded and credited to each Youth Account quarterly—so your child can see the power of their savings hard at work.

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

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Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

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Get Answers to Our Most Frequently Asked Questions.

Can I be sure that my deposits are safe?

The National Credit Union Administration (NCUA) insures MCU deposits, so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government. Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) provides federal production to IRAs up to $1 million (some restrictions may apply depending on roll-over status and uniquely unqualified accounts).

Are my deposits insured?

Your savings are federally insured by the National Credit Union Administration (NCUA), a U.S. Government Agency. Savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Who can I contact if I have questions about my account?

You have questions, and we have answers! Feel free to reach out to the MCU Contact Center, and we'll help you by providing the answers you need.

Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9am - 2pm
Sunday: Closed
1-844-MCU-NYNY (1-844-628-6969)

What kind of documentation is needed in order to open a Youth Account for my child?

Provide one document from each section below to open a Youth Account (or activate within 15 days if account opened off-site):

Proof of Relationship:

  • Valid Birth Certificate
  • Social Security number
If needed:
  • Adoption Papers
  • Proof of Guardianship

Proof of Identification (for children over 13):

  • Valid School ID
  • Learner's Permit
  • Working Papers
  • U.S. Passport
  • Valid Non-Driver ID

Is there a minimum balance charge or monthly fee to maintain a Youth Account?

No! There are no minimum balance charges or monthly fees associated with maintaining a Youth Account.

Ready to Help Your Whole Family Start Saving?

Join now to get access to competitive rates, reliable banking products, and educational resources designed to help you and your loved ones create a foundation for an exceptional financial future.

Join MCU Today
Learn More About Membership

For more information, see our Truth in Savings Rates & Fees Schedule.

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