Sunny Saver Club Account
Desert Energy Credit Union's Sunny Saver Club is designed to make learning to save money fun for children birth to 12 years of age.
Sunny Saver Club features include:
- $25.00 minimum deposit to open account
- Free Membership Card
- Free Sunny Saver Passbook to record deposits and withdrawals
- Free credit union coloring book upon opening a new account
- Free 24-hour account access through FlexTeller and ET Phone Teller
- Dividends paid on savings with minimum balance of $50.00
- Sunny Saver Club web page access to educational games, wise money management articles, financial calculators and more.
- Sunny Savers are awarded a prize after every 5th in-branch deposit to their DECU share account
- Also, Sunny Savers will be automatically entered into a quarterly drawing with a minimum deposit or cumulative deposits of $15.00 during one quarter period (one entry per Sunny Saver)
- Quarterly Statements
- Sunny Savers Club accounts automatically convert to a Young Investor Club account upon turning 13 years of age
The Sunny Saver Club requires a joint owner parent, guardian, or responsible adult over age 18. When minor reaches age 18, account owner may request in writing to remove joint owner with application of joint owner change request.
Click here to explore the Sunny Saver Club website.
Young Investor Club Account
Desert Energy Credit Union’s Young Investor Club is designed to assist youth ages 13 to 17 years to develop essential skills for effectively managing money and finances.
Young Investor Club features include:
- $25.00 minimum deposit to open account
- Free account register and cover upon opening a new account
- Free 24-hour account access via FlexTeller and ET Phone Teller
- Dividends paid on savings with minimum balance of $50.00
- Young Investor Club web page access to wise money management articles, teen credit, college and career information, teen life, financial calculators, and more.
- Quarterly online “Young Investors” newsletter
- Quarterly Statements
- Young Investors will be automatically entered into a quarterly drawing with a minimum deposit or cumulative deposits of $25.00 during one quarter period (one entry per Young Investor)
- Young Investors that are high school seniors are eligible to apply for an annual scholarship
- Eligible for a Youth Checking account and ATM card on 16th birthday
- Young Investor Club account automatically converts to a regular share account upon turning 18 years of age
The Young Investor Club requires a joint owner parent, guardian, or responsible adult over age 18. When minor reaches age 18, account owner may request in writing to remove joint owner with application of joint owner change request.
Click here to explore the Young Investor Club website.
Youth Share Draft (Checking) Accounts
Young adults between the ages of 16 - 17 can have a Youth Checking account and ATM card with a joint owner parent, guardian, or responsible adult over age 18. However, having the joint owner's name appear on the checks or ATM card is optional. Youth Checking requires a joint owner parent, guardian, or responsible adult over age 18. When minor reaches age 18, account owner may request in writing to remove joint owner with application of joint owner change request.
Coverdell Education Savings Account
A Coverdell Education Savings Account is an account created as an incentive to help parents and students save for education expenses. The total contributions for the beneficiary of the Coverdell account cannot exceed more than $2,000 annually, regardless of the number of Coverdell accounts established with other financial institutions. A beneficiary is someone who is under age 18 or is a special needs beneficiary. The beneficiary will not owe tax on the distributions if the distribution is less than a beneficiary’s qualified education expenses at an eligible institution. This benefit applies to higher education expenses as well as to elementary and secondary education expenses.
For more details contact a credit union representative today:
Tucson 520.745.6488 / Springerville 928.333.1300
