Get started with the credit union you trust. Open First Step accounts for your child and they'll earn 7.00% APY* on combined balances up to $750.*
Book Appointment Open AccountKids earn 7.00% APY on combined balances up to $750.*
Never pay a monthly or overdraft fee for your child’s checking or savings account.
Your kids will be excited to have their own debit card.
Send money to your kids using your WECU account.
Make savings a habit using automatic saving options.
First Step Visa is a safe way to build credit with a $250 limit.
Parent can set up alerts to help monitor their teen's balances and spending habits.
Get your child started on the right foot when it comes to a successful financial future. Take the first step and open an account today to help them develop good savings and spending habits early in life, laying the foundation for a lifetime of financial success.
Open AccountHelp your child develop a strong financial foundation for their future. The First Step program is designed to move your child through their teen years on a financial journey that instills a sense of financial independence and teaches them valuable lessons about budgeting, saving, and building credit.
Open a First Step Savings today and give your child the head start they deserve. With an impressive 7.00% APY,* our First Step Savings Account is the perfect way to help your child develop a strong financial future.
Looking for a safe and convenient way for your child to manage their money? Our youth checking account is designed to meet the needs of children aged 6-19, providing a secure and hassle-free way for them to manage their finances. Teens with jobs can direct deposit their paycheck. Parents can get account alerts.
Our First Step Checking Account comes with no overdraft fees, meaning your child can spend their money without any worry of being charged an extra fee.
Are you looking for a way to help your teenager learn responsible credit habits? Our First Step credit card is designed for teens ages 16-18 who are ready to start building their credit and learning financial responsibility.
Benefits of our First Step credit card include a credit limit of $250 and online account managements tools to make it easier for teens to stay on top of their spending. Sign your teen up for the First Step Visa Seminar to get started!
First Step Checking members get access to our exclusive online community. With YOU(th)x, you can unlock new and exciting challenges, earn coins and redeem them for gift cards at your favorite spots. Kids can earn up to $40 in gift cards just for participating!
We believe that education is key to responsible credit use. That’s why all teens in our program attend a financial wellness webinar, where they’ll learn about the importance of good credit habits, how to manage a budget, and the impact of credit scores on their financial future. Sign your teen up for the First Step Visa Seminar today where they can learn more right from the comfort of home!
When you enroll your teen’s checking account in Save the Difference, WECU will round up debit card purchases to the nearest dollar and deposit the rounded-up amount into their savings account. Call 800-525-8703 or chat with us online to enroll today.
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There are no monthly fees associated with our First Step kids’ savings and First Step kids’ checking accounts. The First Step Visa will be charged interest if the balance is not paid off.
With a $250 limit, you don’t need to worry about your teen racking up thousands of dollars of debt on their first credit card. The First Step Visa is a great first credit card for teens to build credit safely.
Yes, First Step accounts can be opened in the branch or online! Book an Appointment or Open Account Online
A First Step Checking Account can be opened for members aged 6-19 who can sign their own name and provide accepted identification. A parent or guardian must be a joint signer on the account.
First Step Savings Accounts can be opened for members aged 0-19. Kids can be signers on the account if they are 6 years or older, but a parent or guardian must be a joint owner/signer.
For kids under 18, acceptable ID includes a current school year ASB card, Student Record, or a current work ID with a photo. After turning 18, a government-issued photo ID is required.
To open a First Step Checking Account without a parent or guardian, the individual must be at least 18 years old.
A child must be at least 16 years old to open a First Step Savings Account without a parent or guardian.
If a non-parent/guardian would like to act as the joint owner on the account, a permission letter from the minor’s parent is required to be on file.
First Step Checking and Savings Accounts are converted to Spend Free Checking and Regular Savings accounts, respectively, on the child’s 20th birthday.
Due to the Children’s Online Privacy Protection Act, no online banking access is allowed for kids under the age of 13. Access may be granted on their 13th birthday after contacting WECU to request enablement.
The First Step Visa program is for students aged 16-21. Classes are held bi-monthly to teach responsible borrowing habits. If the student can provide proof of income, they can apply for a First Step Visa loan in their name only. Otherwise, a parent or guardian must sign as a co-borrower.
Yes, if the student is at least 18 and can provide proof of income, they can apply to be the sole signer on a First Step Visa. Emancipated minors can also qualify.
Once a member turns 21, they may apply for a credit limit increase or to remove a co-borrower from their First Step Visa. Otherwise, the card will continue to be an active account with the current terms indefinitely.
*APY = Annual percentage yield. An opening deposit of $1 or more is required. First Step Savings is available for ages 0-19 years with a parent/guardian joint signer. It earns 7.00% APY on balances up to $500. Regular savings rate applies to balances above $500. Dividend Period for balances above $500 is quarterly and dividends compound quarterly. No monthly fee or minimum balance. $1 to open. First Step Checking is available for ages 6-19 years with a parent/guardian joint signer. It earns 7.00% APY on balances up to $250. Remaining balance is non-dividend-bearing. $1 to open. No overdraft fees. No check writing. First Step Savings and Checking APY is accurate as of April 01, 2024
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