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Directions Credit Union is committed to helping young adults achieve financial independence. The MyLife savings, checking, and lending products are great ways to help young adults master good financial habits.

MyLife products help young adults learn the value of establishing and maintaining good credit. Good credit is the foundation for student, car, and home loans. No matter which direction life takes you... MyLife@directionscu will get you there.

The following links provide information to help you prepare to make better financial decisions now and in the future, ages 18 to 24:

 

Finances
for College
Students


Checking
Account
Management



Home and Family Finance Resource
Center



Financial Education for All Ages

Description of Accounts:

MyLife Savings

A regular share savings account.

*MyLife Savings requires a minimum deposit balance of $25. This amount must be reached by the end of the first year of membership and is required before other MyLife products can be opened.

MyLife Goal Savings

Use a Goal Savings account to save for that new car, laptop, spring break, college tuition etc. You set the short-term goal, we'll help you get there!

  • No minimum opening deposit
  • Earn a higher rate of interest

MyLife Youth Share Certificate

With a lower opening deposit and the ability to add to it in small increments, the youth certificate is a great way to save for long-term goals.

  • Minimum opening deposit of $100
  • Earns higher interest rates than regular certificates
  • Terms of 12 or 24 months
  • Add to certificate with a minimum of $25

 

MyLife e-Checking

MyLife e-Checking is a great first checking account. With MyLife e-Checking, there are no checks to buy - you access your money with a debit card. The MyLife debit card can be used at ATMs and anywhere VISA is accepted. It's faster and safer than using cash. With free online banking and email/text alerts, it's easy to responsibly manage your checking account.

* Directions Credit Union does not charge a fee for ATM transactions. However, other financial institutions may charge a fee for use of their ATM. List of "totally" free ATMs.
** Earn an "Oops" coupon for successful completion of our online course, "BalanceTrack Checking Account Management".

Learn how to manage your checking account.  Earn an "Oops" coupon (one-time financial forgiveness for NSF) for successfull completion of our online course.

 BalanceTrack Checking Account Management

 

MyLife First Time Auto Loan*

Designed for young adults, borrowing for the first time, who may have little or no credit history.

 

*Subject to credit approval.

Learn about getting your first auto loan.  Earn a 0.25% rate discount by successfully completing our online course.   With a discounted loan rate, establishing credit has never been so smart!

BalanceTrack - Drive Away Happy!

MyLife VISA*

Your first VISA card is a great way to start building your credit. The MyLife VISA is a low-balance credit card, which provides you with a responsible credit limit.  You can apply by printing and completing a VISA application.

  • No annual fee
  • Beginning credit limit of $500
  • Earn reward points that can be redeemed for merchandise and travel
  • Online Account Access through ezcardinfo.com with email/text alerts

 

*Subject to credit approval. Must successfully complete our online course "BalanceTrack Credit Matters" to open this account.

Learn how to manage your credit card by completing our online course.

BalanceTrack - Credit Matters

Student Choice Loan

Credit Union Student Choice Loans were created with one goal in mind - helping students finance a higher education, without a high price tag. Credit Union Student Choice Loans are designed to help fill the gap federal funding can leave behind.

  • Zero origination fees
  • Lower rates than many other lenders
  • Allows for fully deferred payment while in school

For more details and a list of participating schools visit https://directionscu.studentchoice.org

 

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