The Community First Youth Financial Success Kit (YFSK) Account is designed for children ages 17 & below. The YFSK Account is designed to help our young adults to develop early saving habits that will benefit them their entire lives. Once the child has participated in this account, parents should be able to see the “savings habit” begin to develop. A Youth Savings Passbook will be provided when a child opens their account so they can bring in their passbook when they make a deposit and this will be a start for your child to keep track of their savings.
Members ages 13 to 17 can apply for a C1 Access VISA Debit Card*.
- Minimum opening deposit to earn dividends is $20.00
- No membership Fee
- No minimum Balance Fee
- Free membership card
- Savings Incentive Rewards
- Financial Education Tools
A joint owner at the age of majority (parent or legal guardian) will be required, and must sign on account.
Acceptable sources for verifying identities of individuals:
For minors under the age of 16, CFGFCU may rely on any one of the following:
- Social Security Card
- Child’s Birth Certificate
- Student I.D.
- Guam I.D.
- Identification cards offered under community based children’s programs
For parent or legal guardian, CFGFCU will verify the identity of the parent or guardian with two forms of identification. A list of acceptable sources are as follows:
- Primary sources: Unexpired official government issued ID such as: GovGuam, United States issued drivers license or identification card, Passport, Military ID, or Resident Alien card
- Acceptable Secondary sources: Local or higher education ID, Employer issued ID, Court documents evidencing name changes, Income Tax returns, Utility bills naming the account holder, Vehicle registration naming account holder
* Parental consent required.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the Government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Should you have any questions or inquiries, please don't hesitate to call our Call Center at 472-8210 or visit a Community First Branch near you. We'll be more than happy to assist you.
