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FAT CAT® Share Account

Give your child a financial head start with FAT CAT. This program allows kids 12 and younger to save money while learning the basics of money management.

Enroll your child in a savings program

This 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

Program features include:
  • Savings building

    Kids can grow their money with dividends that are compounded daily and paid monthly.3

  • Safe place for deposits

    Member accounts are insured by the National Credit Union Share Insurance Fund (NCUSIF), a component of NCUA.

  • $5 minimum opening deposit

    A minimal cost to get kids started. Once the account reaches $25, that amount must be maintained in the account.4

  • FAT CAT goody bag

    Get a bag5 packed with fun stuff, including a coin holder, stickers, and a passbook for transaction records.

  • Dedicated resources

    All members can access the FAT CAT website and a quarterly Paw Prints newsletter with educational information and fun activities.

  • Adult oversight

    All FAT CAT accounts must be joint with a parent, grandparent, or another responsible adult who is an existing member with a regular Share Account.2

What is needed to open an account

To open an account, visit your local branch or contact Member Services Support to request an account opening by mail. The following documentation is required for account opening:

  • Taxpayer Identification Number (SSN, ITIN, or EIN)

  • Proof of identity (government issued photo ID, Social Security card, or birth certificate) may be required

  • Applicable documentation for proof of eligibility

  • Initial deposit via cash or check

 

Get life insurance coverage at no cost

FAT CAT account holders are eligible to receive $1,000 of Group Term Life Insurance at no cost.6 This coverage can be increased to $10,000 for $18 per year by a parent or legal guardian on the child's behalf.