The Teen Scene Account is available to young adults between the ages of 13 and 18 and offers the following:

• Teens earn rewards for reaching progressive savings levels:
  • $1,000 - Free Movie Ticket
  • $3,000 - $10.00 Target Gift Card
  • $5,000 – $15.00 Best Buy Gift Card
• Student Checking Account with ATM/Visa Check Card for teens ages 16+.  Requires reading the Checking Account Management Education packet, signing an affidavit and taking a quiz.  A parent or legal guardian must serve as joint signer.  First box of checks is free and the monthly service charge is waived.
• Student Teen Scene Student Loan for teens 13 – 18.  Requires reading Loan/Credit Education packet, signing an affidavit and taking the Teen Scene Loan quiz.  A parent or legal guardian must serve as joint signer.  Loan limits are $500 for middle school students and $1,000 for high school students.  Interest rate is the same as the Share Secured loan rate with a maximum term of 18 months.  All loans must be co-signed by a qualified sponsoring member or legal guardian.

Product Features:

• Campus Tours – virtual tours of university campuses
• Educational Testing Services – information about entrance exams
• Fastweb – provides information about eligibility for scholarships
• GMAT – information about obtaining financial aid, links to business schools and an on-line application for the GMAT
• Petersons – Apply on-line to over 200 college programs
• U.S. Department of Education – the official guide for students
• Guides to Independence – how to start a checking account, balance a checking account and more.  Teens can win e-Music for each course taken.

Product Benefits:

• Safe.  Funds are safe and secure, and ALL shares are federally insured up to $250,000 through NCUSIF insurance.
• Membership.  Allows full membership in SONEPCO and availability of other products and services when qualified and ensures credit union membership for the future.
• Convenient.   Funds can be deposited via direct deposit, payroll deduction or automatic transfers from an adult’s account.
• Affordable.  Low balance requirements make it easy to get started.