- 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 or any other federal government agency. Insurance representatives are licensed to sell in North Carolina only.
- FAT CAT Share (savings) Accounts can be opened at a branch for young members who are eligible for membership and must be joint with a parent, grandparent, or other responsible adult who is an existing member with a regular Share Account.
- Withdrawals are allowed when the balance exceeds $25.
- Zard Accounts can be opened at a branch for teen members who are eligible for membership. The Zard Checking Account must be joint with either a parent, grandparent, or other responsible adult if teen is under age 18.
- A $1 fee is assessed if the account balance is below $25 on the statement cut-off date.
- No minimum balance is required to open a Zard Checking Account or earn the stated dividend rate. Once the account is open, sufficient funds must be maintained to cover the $1 monthly maintenance fee and other authorized fees and charges (e.g., debits, checks ordered, etc.).
- The availability of tax benefits may be contingent on meeting certain requirements. Consult your tax advisor if you have any questions.
Accounts for every age & stage
Our FAT CAT® and Zard® accounts empower kids and teens with products and services designed to help them develop life-long money management skills. Learn to save, spend, and earn with accounts tailored to young members. Account holders are also eligible to receive $1,000 of Group Term Life Insurance at no cost.1