Kids Accounts
Pennsylvania Uniform Transfers to Minors Act (PUTMA) Account
PUTMA accounts consist of funds which are irrevocably gifted to the minor beneficiary and managed by a single custodian, such as a parent, grandparent, or other interested person. The minor must be eligible for membership at Lehigh Valley Educators Credit Union. When the beneficiary reaches the age of 21, the custodian is required to turn over the account.
Features:
Automatic Enrollment into the Level Up Youth Program
Dividends on PUTMA accounts are considered income to the minor for federal income tax purposes.
The minor’s Social Security number is reported to the Internal Revenue Service. Tax advice should be secured from the IRS by the Custodian prior to opening this account.
A successor custodian can be named by the Custodian at any time.
Open a PUTMA Account today!
Visit one of our locations or schedule an appointment with one of our member service representatives.
Savings
At age 12, a youth can open their own regular share account. An adult is not required unless a VISA® debit card is desired. With a joint owner at least 18 years of age, both the youth and joint owner may be issued a debit card in their own names. The adult joint owner will not be automatically removed from the account when the child turns 18, but may choose to remove themself at that time.
Features:
Automatic Enrollment into the Level Up Youth Program
Earn Dividends
VISA® Debit card with joint owner at least 18 years of age
Checking
From the age of 14, a teenager may open a share draft (checking) account jointly with a qualified* adult aged 18 or older, in addition to maintaining a regular share (savings) with a minimum $5 balance. The adult joint owner will not be automatically removed from the account when the child turns 18, but may choose to remove themself at that time.
Features:
Earn Dividends
VISA® Debit card with joint owner at least 18 years of age
*Review of account history required and not all applicants will qualify.
The minor’s social security number and two forms of identification must be provided to open a youth account.
Level Up Youth Program
We're committed to delivering an interactive and enjoyable learning experience that equips our youngest members with essential money management skills for today, tomorrow, and in the future. From mastering saving and budgeting basics to navigating complex financial decisions like car purchases or managing student loans and credit cards, we've got it covered. Through a blend of games, activities, events, incentives, and educational resources, we've made learning about finances both fun and engaging.
Program Levels & Benefits
Save & Invest (0-11)
Designed to help children learn how to start saving their money and Investing in their futures at an early age.
Free Gift* upon opening a regular share (savings).
Savings Tracker to record transactions.
Earn Level Up Bucks for toys - 1 Level Up buck for every $10 deposited with a daily limit of 10, in-person only.
Practical Money Skills - Fun games designed to instill good habits.
Learn Good Habits (12-17)
Designed to help teens learn good habits when managing their money to prepare them for the future.
Free Gift* upon opening a regular share (savings) or when you level up.
Practical Money Skills - Fun games designed to instill good habits.
Zogo Financial Literacy App – Learn, play, and earn points for gift cards.
Financial Independence (18-21)
Designed to help young adults learn how to become financially independent and achieve their goals.
Free Gift* upon opening a regular share (savings) or when you level up.
Loan Discount Coupon at account opening or when you level up.
Practical Money Skills - Fun games designed to instill good habits.
Zogo Financial Literacy App – Learn, play, and earn points for gift cards.
*Must visit an LVECU location to receive gift.
Educational Resources
Zogo
Zogo is a financial literacy app designed to empower you to enhance your financial understanding while earning rewards towards gift cards.
Practical Money Skills
Explore an array of engaging games designed to instill financial literacy in children as young as 3 years old! Discover an interesting lineup of games like Cash Puzzler, Peter Pig’s Money Counter, and Financial Football.
Chatting with kids about being online!
As technology continues to grow so are the risks associated with it. You can reduce these risks by talking to your kids about how they communicate — online and off — and encouraging them to think critically and act in a way they can be proud of.
Read the Article below to learn about how you can help reduce these risks for your kids.
Stop. Think. Connect.
The truth is there are some risks involved in posting, playing, and talking to people online. It can be easy to over-share, embarrass yourself, mess up your computer, and possibly get messages from creepy people. The article below will provide you with ways to help protect yourself, your friends, your accounts, and your devices.