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.
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.
Dividends are compounded and credited to each Youth Account quarterly—so your child can see the power of their savings hard at work.
It’s Never Too Early to Start Saving.
With no minimum age, Smart Apple Savers is available to children ages 0-21, and Future Investors is available to ages 13-21. Your children will learn the value of savings while also accruing interest and receiving quarterly statements to watch their accounts grow.
Open a Youth Account for your child today, starting with just a $0.01 minimum deposit—visit your local branch to get started.
All Your Banking, Accessible Anywhere
Manage all your accounts from anywhere and any device. The NYMCU online and mobile banking applications make it easy to manage your savings accounts, deposits, or any other MCU banking feature. Plus, get access to helpful saving and budgeting tools to make sure your goals are met!
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.
When Should You Take Social Security?
How To “Trick” Yourself Into Saving More
How Much Should You Save For Retirement?
Get Answers to Our Most Frequently Asked Questions.
Can I be sure that my deposits are safe?
Are my deposits insured?
Who can I contact if I have questions about my account?
Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9 am - 2 pm
Greater New York City:
Outside New York City:
(800) 323- 6713
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
- 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