Congratulations on your high school graduation! As you step into the world of adulthood, one of the key challenges you’ll face is managing your finances. Here at Schools Federal Credit Union, a not-for-profit financial cooperative, we’re dedicated to supporting you every step of the way. Our mission is to provide you with reliable financial resources to help you save and grow your money.
Explore our offerings tailored to young adults:
Our College Checking Account is designed with you in mind. It comes packed with features, and to kickstart your journey, we’ll deposit the first $25 into your account and your account will continue to be free of any monthly service charges until you turn 25!*With this account, you’ll enjoy:
- Free VISA Debit Card: Enjoy global access with our VISA Debit Card.
- Free Access to +30,000 Surcharge-Free ATMs: Say goodbye to ATM fees with access to more surcharge-free ATMs than the largest banks in the country.
- Free Nationwide Branch Access: Whether you’re in California, New York, Miami, or Texas, access over 5,000 branches (service centers) nationwide.
- Free Person-to-Person Payment Solution: Seamlessly send money to friends and family with our Pay-Anyone service.
- Free Bill Pay: Simplify your finances with our free Bill Pay feature.
*Must be a high-school graduating class of 2024.
Building good credit is vital as you navigate adulthood. Your creditworthiness can impact major purchases like cars or homes. To help you establish credit, we offer an unsecured VISA Credit Card. You can qualify for our VISA Credit Card on your own if you meet the following criteria:
- Employment for at least six months.
- Monthly gross income of at least $1,000.
- Membership for at least one year.
- No history of negative activity on your account or elsewhere.
If you don’t meet these requirements on your own, a qualified parent or guardian may be able to cosign for you.
| Type (Disclosure) | Term | APR* | Additional Considerations |
|---|---|---|---|
| Platinum VISA | Revolving | 5.99% | Transactions from 6/1/24 - 9/30/24 (applicable rate until 9/30/25) |
| Balance Transfer | 5.99% | ||
| Secured Credit Card | Revolving | 18.00% | |
| Credit Card Disclosure |
Limited or no credit profile? No worries! We can help you purchase a brand-new car or a “new to me” vehicle. We’ll make your car ownership dreams a reality.
We strongly recommend that you have at least 20% downpayment available. By doing so, you not only increase your chances of approval but also gain a significant advantage in securing the car of your choice.