Online BankingYouth Accounts
Young Adult Checking & JR Exec Savings Accounts
Why my teen should open a Young Adult Checking Account?
- Teaches financial responsibility
- Encourages independence and control over their finances
- Allows your supervision because you are on the account with them providing guidance that ensures financial responsibility
- Builds financial literacy by providing hands on experience that is crucial for future financial decisions
- Helps them transition to managing money on their own when they go off to college or enter the work force
Reasons you should open a Jr. Exec. Savings Account for your child:
- Teaching your child the value of saving money is a powerful life lesson
- Promotes understanding of compound interest
- Putting back money from jobs completed, fosters financial independence, encourages discipline, and teaches decision making skills
Jr. Executive Savings Account*
No Monthly Service Fee
- $5 minimum to open
- Must be 0 – 17 years of age
- Access to telephone banking service
- Access to online banking
- $5 minimum balance required
- Dividends paid on account balance of $25 or more
- 3 withdrawals permitted per month
- Earn cash rewards for good grades
- ATM Card Available
Young Adult Checking Account
No Monthly Service Fee
- $25 minimum to open
- Must be 13 – 17 years of age
- Access to telephone banking service
- Access to Online/Mobile Banking
- Monthly deposits required
- Dividends paid on account balance of $750 or more
- ATM or Debit Card Available
*Maximum of $5 will be deposited from July-December and January-June not to exceed $10 per year. Winter break report cards must be submitted by January 30th and summer break reports cards by June 30th. Submit card by email, mail or stop by your local branch. Must be 17 or younger and have a Jr Executive Account. All A's and B's paid will be reported as interest income to the IRS.
*ATM card issued with parental approval under 16 years of age.
Junita C. Williams Scholarship Fund
In November of 1991, the Heart O’ Texas Federal Credit Union Directors voted to establish the Juanita C. Williams Educational Trust Fund in memory of Mrs. Juanita Williams who had not only been the President/Manager of the Credit Union since 1957, but had been tragically killed in the Luby’s massacre in Killeen. The money donated to this fund would be used at some point in time to help further the education of a Credit Union member. Directors voted to divide this money into three equal amounts and endow student scholarships at three Central Texas Colleges. These colleges are McLennan Community College, TSTC and Central Texas College. Applications for these scholarships will be available the fall semester of year. They are open to any Credit Union member including their families. Applications can be picked up at the Foundation Office of these three colleges.
