Products | Savings and Investment | CU Succeed

Start your teen off right with CU Succeed.

The CU Succeed Teen Financial Network® is an innovative program designed to help teens manage their finances and provide them with a solid foundation for financial success.

Designed for our members age 13 to 17, CU Succeed features a quarterly newsletter and a web site with information and interactive tools to help teens achieve their financial goals. You can also introduce your teen to the basics of financial management with many of the credit union's products and services. Checking accounts, Visa credit cards, signature loans and more are now available to our teen members who have a joint account with a qualified parent, grandparent or legal guardian.

Teens who already have their own account are automatically enrolled in the CU Succeed program. If your teen doesn't have an account yet, stop in today. Just $5 opens his or her share account and provides access to CU Succeed and all it has to offer.

Products and services for teens

Start your teen off right by teaching them how to use the financial products and services they'll need in the future. The following products and services are available to our teen members -- you decide which services are right for them:

Share Savings Account This is the first account anyone has with the credit union. Once a share savings account is opened with $5, your teen is automatically enrolled in CU Succeed. They'll also earn dividends regardless of their account balance, so they can see the benefits of saving right away!

Online Account Access Teens can keep tabs on their account with MetroWeb, Columbus Metro's Internet branch. This is a free service -- all they'll need is Internet access and a password.

Checking Account Teen members are eligible for our Metro Free checking account. It's just $25 to open with a parent or guardian as joint owner on the account. Once a checking account is open, teens can also apply for a MasterMoney Check Card and free online bill pay. *Not available when joint owner has a Chex Systems record.

ATM Access Get cash 24/7 with ATM access from Columbus Metro. Our JEANIE ATM Card allows teens to withdraw cash and make balance inquiries at ATMs everywhere. If your teen has a checking account, our MasterMoney Check Card gives them access to cash and allows them to make purchases at any merchant that accepts MasterCard. Either card is free for our CU Succeed members.

Direct deposit Many employers can electronically deposit pay directly to a Columbus Metro account. If your teen works for a company that offers direct deposit, they can contact their human resources or payroll department to sign up -- all they'll need is their account number and Columbus Metro's routing number, 244077226.

Education Growth Fund Certificate Parents and teens alike can save for college expenses with our Education Growth Fund Certificate, which pays monthly dividends at a variable rate of Prime - 2%. An account can be opened with as little as $250, and then additional deposits of any amount can be made at any time. When your teen turns 18, the funds automatically transfer to their savings account.

Student Visa A Columbus Metro Visa card is a great way to establish credit and learn to use it responsibly. Our student Visa offers a low, fixed rate, no annual fee and a credit limit of $500 (a co-signer is required).

Signature Loans A signature loan is another great way to build credit. With a signature loan, your teen can borrow a fixed amount and pay it back over a specified period of time. The payment stays the same from month to month, so it's easy to budget. Signature loans up to $1,000 are available with a qualified co-signer.

Auto Loans If your teen will be buying his or her own car, we can help. We offer auto loans for new and used vehicles with low, fixed rates, flexible payment options and terms up to 72 months (co-signer required).

For more information on any of these services, call, stop in or email us today. We'll be glad to answer any questions you may have and discuss ways you can help your teen get started on the road to financial success.

• Start Smart: Money Management For Teens
• Part One: Money-Smart Ways to Think from the High School Money Book by Don Silver
• Your Own Credit Cards
• Control Your Credit, an online game filled with tips for good credit management