Youth and Teen Savings
Show the youth and teens in your life you care about their path to financial well-being with AHCU's specialized savings accounts designed just for them. We offer savings, checking, Coverdell Educational Savings Accounts, and scholarships to cover a variety of educational expenses.
Youth Savings
Instill the importance of saving from an early age with our Youth Savings Account.
- Relatives can make deposits for birthdays, holidays, and special occasions.
- Available to young savers up to 13 years old.
- Earn competitive dividends on the entire balance.
- No monthly service fees.
- No monthly minimum balance requirement.
- Open with just a $10 deposit.
Teen Savings
Empower your teenagers with the financial independence they need through our Teen Savings Account.
- Relatives can make deposits for birthdays, holidays, and other milestones.
- Available to teens age 13 to 17.
- Earn competitive dividends on entire balance.
- No monthly service fees.
- No monthly minimum balance requirement.
- Open with just a $10 deposit.
- Option to open a checking account with a parent as a co-signer.
Teen Checking Accounts
Give your teenagers more control over their finances with our Teen Checking Account. They can learn to balance their budget with your expert guidance. You will be helping them acquire an essential life skill to help them gain confidence and make smart decisions.
- Available to teens aged 13 to 17 with a parent or guardian as a joint account holder.
- No minimum balance requirement.
- No monthly service fees*.
- Free online banking & bill pay.
- Free mobile banking with mobile deposit.
- Free eStatements.
- Free Visa® debit card managed with our AHCU Card Manager App**
- Free 24/7 telephone banking.
- Unlimited check writing.
- One Non-Sufficient Funds (NSF) fee waived each calendar year (upon request).
** After 12 months of no debit card activity, a $1 per month fee applies unless the account holder is under 18. EZ Checking account holders must use the Debit Card, Online Banking, and eStatements services to avoid a $4.95 monthly service fee.
** EZ Checking account holders must make at least one purchase per year using the debit card to avoid a $10 annual fee.
STEP UP YOUR CHECKING GAME
Earn up to $250 when you open a new Checking account at AHCU along with a new CD or Money Market account.
Click here to learn more.
Coverdell ESAs
Invest in your child's education with a Coverdell ESA. Unlike 529 plans, Coverdell ESAs offer a broad range of investments and can be used for qualified K-12 educational expenses as well as college costs. By putting a little bit away each year, you help the children and teens in your life have less debt down the road. They will appreciate your investment in their future.
- Contribute up to $2,000 per year per beneficiary.
- Flexible investment options similar to an IRA.
For more information on Coverdell ESAs, contact us by phone, text, or schedule an appointment. We're happy to answer any questions you may have!
Scholarships for a Brighter Financial Future
We offer various scholarship programs to support students at different stages of their educational journey. These scholarships are available to our members and their families to help cover tuition, books, and other educational expenses.
Work of Heart Scholarships
The Work of Heart Healthcare Scholarship consists of 3 - $750 scholarships awarded to AHCU members attending an accredited college, university or trade school. Area of study does not need to be healthcare.
The 2024 Work of Heart Scholarship Period has closed. Thank you to all participants and congratulations to all the winners!
Interested in Applying but Don’t Have an AHCU Account?
Applying is easy online and it only takes about 10 minutes. There is no “out-of-pocket” money to open an account when you apply for a scholarship because AHCU will deposit the $10 into your new savings account.
*** WHEN YOU OPEN AN ACCOUNT***
On our new account application, underneath the boxes where you type in your name, there is a box that says "Are You Applying For An AHCU Scholarship?". Click on the drop-down arrow and select "Yes". Upon a successful application, we will deposit the first $10 into your Savings Account, making you a member and eligible to apply for the scholarship(s).
Minnesota Credit Union Foundation Scholarship Opportunities
The Minnesota Credit Union Foundation Scholarship Council will award scholarships to credit union members throughout Minnesota.
Typically, the MN Credit Union Foundation Scholarship Council awards eighteen $1,000 scholarships to traditional and non-traditional students for a total amount of $18,000.
Keep checking back for more information when the 2024-2025 scholarship opportunities open up.
