StagePoint

Youth Accounts

Youth Checking Accounts

It’s always the perfect time to open a Youth Account!

StagePoint knows the importance of fostering responsible money management, good saving habits, and smart shopping skills to kids and young adults. There are no monthly service fees.

We introduce your child to the concepts of saving and the value of money with the Cash Back for College Rewards program. You and your child earn points when you spend from your StagePoint account. Points are converted quarterly to cash. Use these funds for tuition, books and other school supplies at any technical, trade, community college or 4-year institution of higher learning.

You can add to these education funds throughout the year or automatic deposit from your Checking or Primary Savings account to your Cash Back for College Savings account ensuring consistent savings all year long to pay for education expenses when the time comes.

Members under 18 must have a joint account with an adult.

Additional Features

Online Access: Manage your account online.

Financial Counseling: Schedule a free one-on-one budget meeting with a Certified Credit Union Financial Counselor.

Shared ATM Network: Surcharge-free access to your money at more than 30,000 locations worldwide. https://co-opcreditunions.org/locator/?ref=co-opatm.org&sc=1

Order Checks Online: Choose from a variety of styles.

Youth Loans

We love Youth Entrepreneurs. And we’re here to help them with every stage of their business, whether they are financing an agriculture program or a lemonade stand. Youth loans are intended to teach responsible borrowing and money management habits while they build credit along the way. Rates will be the federal rate of prime plus 1% on the date of loan disbursal.

Guidelines For All Youth Loans

  • All new loan requests must be made in person. Click to set up an appointment.
  • The maximum amount will be $1,000.
  • Proceeds of a Youth Loan cannot be used to pay off an existing Youth Loan or any outstanding debt of a parent, guardian or another individual.
  • The purpose of the loan must be documented by the youth.
  • The maximum term is 1 year.
  •  A legal parent or guardian will be required to cosign.
  • Completion of the Youth Financial Education session with a designated credit union representative.

Additional Guidelines For Agriculture Related Youth Loans

  • Proceeds from agriculture-related youth loans must be used for one of the following purposes:
  • Buy livestock, seed, equipment, and supplies.
  • Buy, rent or repair needed tools and equipment.
  • Pay operating expenses related to the project.
  • The maximum amount will be $2,500.00.
  • The term is 1-2 years depending on the loan amount, the loan purpose and the project.
  • The project must be related to agriculture.

Savings Component

All youth loans will include a savings component where 10% of the payment due will be required to be contributed to an established Youth CD in the borrower’s name. The frequency and amount of the payment will have no bearing on this requirement.

Additional Features

Financial Counseling: Schedule a free one-on-one budget meeting.

Loan Calculator: Change your loan amount, interest rate, or term to estimate your monthly payment and see a complete amortization schedule.

Online Access: Manage your account online.

Make Payments: We offer a number of secure and convenient ways for you to make payments.

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