Youth Accounts
From their first savings account to their first paycheque, we're here to help young members build confidence with money along the way. Our youth accounts are designed to grow with them, with age-appropriate options that make saving, spending and learning about money a little easier.
FAT CAT® Chequing
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The ideal account for kids until age 12.
- No monthly fee
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Unlimited transactions, electronic or in-branch
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$5 common share investment
- Member Card® with parent or legal guardian approval
- Free e-Statement or $2.00 for a paper statement
FAT CAT® Savings
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The ideal account for kids until age 12. Our FAT CAT® Savings Account earns interest daily and is paid monthly.
- No monthly fee
-
Unlimited transactions, electronic or in-branch
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$5 common share investment
- Member Card® with parent or legal guardian approval
- Free e-Statement or $2.00 for a paper statement
Head Start® Chequing
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The ideal chequing account for kids 13 - 18 years. Our Head Start Chequing Account is a great way to start learning money management.
- No monthly fee
- Unlimited transactions
- Member Card® with parent or legal guardian approval
- Purchase of $25 common share investment at age 16
- Free e-Statement or $2.00 for a paper statement
Head Start® Savings
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The ideal savings account for kids 13 - 18 years. Our Head Start Savings Account earns interest daily and is paid monthly.
- No monthly fee
- Unlimited transactions
- Member Card® with parent or legal guardian approval
- Purchase of $25 common share investment at age 16
- Free e-Statement fee or $2.00 for a paper statement
Start Early.
Let time do the heavy lifting.
A few thousand now can mean thousands later.
Smart Solutions™
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This Smart Solutions™ account is ideal for members 18 -25 years of age. Whether you are enrolled in post-secondary school, or are heading into the workforce, you can skip your banking fees.
- No monthly fees
- Unlimited transactions
- Mobile Wallet
- Ding-Free ATM transactions at any credit union ATM across Canada
- Free e-Transfers
- Free first cheque order (48 cheques)
- Free e-statement or $2.00/month for a paper statement
If you are over the age of 25 and attending a full-time, accredited post-secondary program. Provide proof of enrollment and you can continue to bank with us for free.
Where you are, we are.
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You're on the go, we get it!
With our digital banking experience you stay connected and protected.
With our digital banking experience you stay connected and protected.
The ability to complete everyday banking transactions like:
- e-Transfers
- Bill Payments
- Internal Transfers
- Deposits
- Transfer funds directly from your Line of Credit
Added security features help to protect you and your finances:
- Biometric login
- Customizable Alerts & Autodeposit
Student Choice Line of Credit
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Our Student Choice Line of Credit gives you the opportunity to pursue your dreams with peace of mind. Use only what you need and only pay for what you use.
- To qualify, the student or legal guardian must be a Vermilion Credit Union member for a minimum of 6 months from date of application.
- The applicant must be enrolled in at least 60% of the course load in a recognized (post-secondary) college, university or technical school. Member must provide a confirmation of enrollment
- All normal credit criteria must be complied with.
- If the applicant has no or insufficient income to support this obligation, then a guarantor (preferably legal guardian) must be obtained and provide the eligible criteria to qualify
Your financial future starts here.
Solutions that work for you!
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Your first years of independence are a great time to lay the foundation for your spending & saving habits.
We'll help you navigate your everyday banking needs and long term financial goals whether you are enrolled in school or are heading into the workforce.
Let's talk!
Build + Win
When you open an eligible product with VCU your name is entered into a monthly draw for $50. What's better, your name also goes into a year-end draw for $250!
