Directions Credit Union wants to teach teens good financial habits. The MyLife Teen savings, checking, and lending products are great ways to help teens grow into financial maturity.
MyLife Teen products are hassle-free, offer great rates, and give teens the responsibility and independence they need.
MyLife products help our teen members build a solid foundation for their future...whatever direction it may take.
 |
|
The following links provide information to help you prepare to make better financial decisions now and in the future, ages 13 to 17:  Money Account Management
Education for All Ages |
 |
Description of Accounts:
MyLife Savings
A regular share savings account.
- Minimum opening deposit of $5*
- Pays interest on all balances
- No maintenance fee
- Online account access
*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 car, iPod, sports camp, video game system, 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 Certificates
With a lower opening deposit and the ability to add to it in small increments, the youth certificate is a great way to teach teens about long-term financial goals.
- Minimum opening deposit of $100
- Earn 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.
- No minimum balance required
- Pays interest on all balances
- Free online banking, e-statements and e-mail / text alerts (required with this account)
- Debit card which earns reward points
- Unlimited FREE ATM transactions**
- One-time financial forgiveness for NSF "Oops" coupon+
- No parental co-signer required
** 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.
MyLife First Time Auto Loan
Designed for teens, borrowing for the first time, who may have little or no credit history.
- Competitively low car loan interest rates
Loans subject to credit approval. Borrowers must have co-signer if under age 18.
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!
