Teens + Young Adults

For most people, the teen years are when a lot of money decisions are made for the first time. Teens start spending more independently, potentially earning money through a job, saving for upcoming expenses and learning about things like interest and credit.

If that seems overwhelming, don’t worry – we’ll help you break it all down.

Spending, Earning and Saving

If your teen doesn’t already have one, they’ll need to set up a savings account. This provides them with a secure place to store their money in an interest-bearing account. Next, setting up a checking account provides convenient account access, a free debit card, free Online and Mobile Banking, as well as our excellent money-management tool, Money Management. Money Management can help your teen view spending by category, set and achieve goals, and create custom alerts.

To open an account, give us a call to make an appointment at a branch and time that works best for you. Accounts for those under 18 require a parent’s signature.

Smart Start

Our Smart Start program is a custom financial counseling program tailored specifically to your unique needs. For many teens this is a great place to start, as it can help identify the best options to reach your financial goals and help build a plan for how to get there. Covering topics such as budgeting, saving, credit cards, auto loans, account access and more, Smart Start is totally free – just another way Industrial CU is In Your Corner. To arrange your Smart Start appointment, give us a call.