Kickstart your child's savings journey
During April, we'll deposit $10 into new Youth Savings or $20 into new Teen Checking & Savings accounts*
Overview
When you open a Redwood Credit Union youth savings or teen checking and savings account during the month of April, we’ll help kickstart their savings by depositing $10 into a Youth Savings or $20 into a Teen Checking & Savings.
How it works: Ages 12 and under
Youth Savings
• Receive $10 at account opening
• Free gifts at savings milestones
• Provides education through quarterly newsletters
How it works: Ages 13-17
Teen Checking & Savings
• Receive $20 at account opening
• Free gifts at savings milestones
• Provides free checking account and debit card (with parental controls)
Activities and resources
Check out these fun activity sheets and savings resources to help the child in your life establish healthy money habits.
Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Named one of America’s Best Credit Unions by Newsweek
Recognized by Forbes as one of America’s Best Small Employers 2023
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
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*Offer valid on youth accounts opened between 4/1/2024 through 4/30/2024. $10.00 will be deposited into the savings account of the RCU Jr. Ranger Member (age 12 & under) or $20.00 will be deposited into the savings account of the RCU Jr. Partner Member (age 13-17) who opened a new account within the promotional period. Deposits will be made to the account within 3 business days of account opening. A responsible adult must be added as a joint Member on each youth account. Certain restrictions may apply.
Open a Youth Account
Please select the Youth Account that best fits your needs
If you’re not currently a Member of RCU, please review our Membership requirements below to determine if your are eligible to open an account.
For kids ages 12 and under.
For kids between the ages 13-17.
You can become a Member of RCU if you meet any of the following:
- You live, work or own a business in the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Solano, or Contra Costa.
- You are an immediate family member of a current RCU Member.
- You work for a designated Select Employer Group.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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