Reminder: The $18.00 annual premium for members who purchased the $9,000 supplemental FAT CAT and Zard group life insurance coverage will be withdrawn on May 1, 2024. Please contact your local branch by April 24, 2024 if any changes are needed.

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 When the child reaches age 13, the account automatically converts to a Zard® share account.


  • Competitive dividend rate.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 $25 minimum balance, which must be maintained while the account is open4
  • New members receive a FAT CAT Goody Bag5 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. This coverage can be increased to $10,000 for $18 per year, if the additional coverage is purchased within 30 days of account opening.6
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 If a child cannot sign, a parent or legal guardian must sign on the child’s behalf even if the parent/legal guardian is not the joint owner.
3 Dividend rates and annual percentage yield (APY) are variable and subject to change daily at the discretion of the Board of Directors.
4 Withdrawals are allowed when the balance exceeds $25.
5 While supplies last. May not be available in all branches.
6 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.