Our FAT CAT program helps young members gain knowledge of basic financial concepts and learn the importance of money management early, giving them the tools to benefit them throughout their lives.

The program offers a FAT CAT Share account where young members can save and watch their money grow. A FAT CAT Share account can be opened at any branch for children ages 12 and under who are eligible for membership.1 The account must be joint with a parent, grandparent, or other responsible adult who is an existing member with a regular Share account.2


  • Dividend-earning deposit account.3 View our current Share and Deposit Rates.
  • Dividends are compounded daily and paid monthly
  • $5 minimum opening deposit
  • No withdrawals allowed until the account reaches the regular $25 minimum balance, which must be maintained while the account is open4
  • New members receive a FAT CAT Goody Bag with specialty items, including a passbook for transaction records
  • Other FAT CAT resources include a dedicated FAT CAT website and a quarterly Paw Prints newsletter with fun and educational information and activities

Group Term Life Insurance Coverage

The child is eligible to receive $1,000 of Group Term Life Insurance at no cost. Coverage can be increased to $10,000 for $18 per year.5
For detailed information about FAT CAT services, visit the For Parents page on the FAT CAT website.
1 All account holders must be members.
2 A parent’s or legal guardian’s signature may be required to sign on the minor’s behalf. If a parent or legal guardian is not present at account opening, a form can be mailed. Account opening can be completed once the form is returned with the required signature.
3 Dividend rate and annual percentage yield (APY) are subject to change daily at the discretion of the Board of Directors.
4 Withdrawals are allowed when the balance exceeds $25.
5 FAT CAT and Zard Group Term Life Insurance is provided by SECU Life Insurance Company. SECU Life Insurance Company is a wholly-owned subsidiary of State Employees’ Credit Union. Life Insurance is not guaranteed by, or an obligation of, any credit union and is not insured by NCUA. Insurance representatives are licensed to sell in North Carolina only.