These days, many children can use a computer soon after they start walking. They play on sports teams before they're in grade school. So it makes sense to introduce them to something as important as money management when they're young and eager to learn. Our youth accounts give kids great hands-on experience now and also build good financial habits that will last a lifetime.
It's like anything else. The earlier they start, the faster they'll learn.
Sprouting Savers (ages 0-13)1
It's never too early to start saving
- Open account for just $5
- Savings may grow completely tax-free
- Custodial must provide two forms of identification to open an account
- An adult will ultimately be responsible for managing the account
- Upgrade to a Ca$h Commanders account when they turn 13
- Choose when the money will become available to the child (age 18 or 21)
- Custodial account under the Uniform Transfer to Minors Act (UTMA)*
Acceptable forms of identification include: State-Issued ID, U.S. Passport, Military ID, or current School ID. The second form of identification can be a Social Security card, Student ID, Birth Certificate, Permanent Resident Card, Auto Insurance Card, and/or a Credit Card. If your State-Issued identification does not have your current physical address, you will need to show proof of current address with another form of identification, such as current utility bill, bank or mortgage statement.
Ca$h Commanders (ages 13-17)
Teach your teens grown-up financial tools
- Open savings account for just $5
- Identification must be provided for all individuals to open the account
- Allow teens to manage their own money (requires parent or guardian to jointly sign for account)
- Free Visa® debit card to pay for transactions
- Use technology to manage funds within Online Banking or, download the free Mobile App
Two forms of identification must be provided for the custodial on the account; one form of identification must be provided for the minor on the account. If the minor does not have identication, we may be able to assist. Acceptable forms of identification include: State-Issued ID, U.S. Passport, Military ID, or current School ID. The second form of identification can be a Social Security Card, Student ID, Birth Certificate, Permanent Resident Card, Auto Insurance Card, and/or a Credit Card. If your State-Issued identification does not have your current physical address, you will need to show proof of current address with another form of identification, such as current utility bill, bank or mortgage statement.
Still Have Questions?
Yes, similar to the way that FDIC insurance protects bank customers' deposits, the NCUA (National Credit Union Administration) protects credit union member deposits up to $250,000 for each individual depositor. For additional information about NCUA's share insurance, visit mycreditunion.gov.
Generally, no. However, we do reserve the right to limit the amount, type or frequency of withdrawals or transfers from any of your accounts. If we do impose such a limit, we will disclose such in our Truth in Savings disclosure, and/or at the time you attempt to make your withdrawal or transfer.
Our routing number is 255074111.
You must retain a minimum of $5 in your base share savings account.
You may visit any of our branch locations to complete the necessary paperwork. You may visit our IRA page under the "Savings" section of this website for an IRA beneficiary form.
We award ten $2,000 college scholarships and ten $500 Summer Camp Awards annually. Applications for these programs are typically accepted in the first quarter of each year.
1 Custodial accounts are organized under the state laws where the opening branch is located. For example, accounts opened at a New Jersey branch are opened under the New Jersey UTMA laws. Refer to the appropriate state’s UTMA laws for more details regarding these accounts types.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.