View Welcome Notice

We're excited to announce that the MCU website has been rebuilt and redesigned for an improved banking experience. Discover the exciting changes and enhanced features by visiting our dedicated information page.

Click here for more details.

Youth Accounts Icon
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.

Make A Branch Appointment
Join MCU Today

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.

Show Me Products For My Life Right Now
top top

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?

When Should You Take Social Security?

Filing for Social Security benefits as soon as you can  — or shortly thereafter —  a few years early may seem like a good idea at first. The money is ...
How To “Trick” Yourself Into Saving More

How To “Trick” Yourself Into Saving More

With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and to make some moves to save more. ...
How Much Should You Save For Retirement?

How Much Should You Save For Retirement?

In a perfect world, you would start saving for retirement with your very first paycheck and keep at it until the day you left your job some 40 years later. But not everyone works ...

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: 9 am - 2 pm
Sunday: Closed
Greater New York City:
(212) 693-4900

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
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.

You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.