BELLINGHAM (December 7, 2020) — WECU announced today the launch of First Step Accounts. The new youth checking and savings accounts offer 2.5% APY*. These new products are part of the credit union’s ongoing commitment to support financial wellness on behalf of its members.
The First Step Savings Account is for members who are up to 19 years old and offers 2.5% APY on the first $500. The First Step Checking Account is for members 13-19 years old and offers 2.5% APY on the first $250.
“We care deeply about the financial health of the members that we serve,” said Jennifer Kutcher, President & CEO of WECU. “We believe that learning about the benefits of saving money at an early age is the first step in a lifelong journey toward financial empowerment and independence.”
To open a First Step Account, parents and guardians are encouraged to either begin their application online at wecu.com/FirstStep or schedule an appointment at one of WECU’s convenient branch locations.
*APY: annual percentage yield. See Rate and Fee Schedule for current Savings rates.
About Whatcom Education Credit Union
WECU is a credit union based in Bellingham, Washington. With more than 130,000 members and more than $2.0 billion in assets, WECU is proud to be a member-owned credit union focused on helping increase the financial wellbeing of its members and the communities it serves. The credit union has 11 branches and two loan centers located in Whatcom County. In 2020 WECU’s total charitable giving totaled close to $500,000.
Keith Mader, Program Manager PR & Content at WECU, 360-756-7694, [email protected]