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Routing Number: 253177049
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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.

Visit FAT CAT website

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

Ready to open an account?
Visit your local branch or contact Member Services Support at (888) 732-8562 to request an account opening by mail. 

Find a branch

Disclosures

FAT CAT holding an umbrella

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.

Opportunities for learning & play

The FAT CAT website offers resources to learn how to save and spend money wisely together as a family. It also features discounted tickets, games, coloring pages, computer wallpapers, and more. Some learning topics include:

 

  • Setting savings goals
  • Understanding the value of money
  • Pros and cons of buying something
  • Importance of recordkeeping

 

Visit FAT CAT website
FAT CAT holding paint

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Related links

  1. All account holders must be members. Only one FAT CAT Share Account can be opened per child.
  2. If minor cannot sign, a parent or legal guardian must sign on the minor’s behalf even if the parent / legal guardian is not the joint owner.
  3. Dividend rate 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. 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 or any other federal government agency. Insurance representatives are licensed to sell in North Carolina only.