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Kids' Credit Union

Kids' Credit Union (KCU)

KCU Basics

  • Kids’ Credit Union is designed to grow as your child grows.
  • Each Kids’ Credit Union member is asked to work toward the savings goal for his/her current age/grade level
  • The savings year runs from July 1-June 30.
  • If the member meets his/her yearly savings goal, that exact amount is converted into a Share Certificate.
  • Share Certificates are issued in July and mature in December of the child’s graduation year.
  • Children who join KCU by 2nd grade and meet all savings goals will graduate with over $10,000.
  • Those who join earlier and meet all savings goals will likely have more than $10,000. 
  • There are deposit boxes at each school where KCU teaches lessons. A representative from SCFCU collects and records deposits weekly.
  • There could be advantages to withdrawing the proceeds before a child begins his/her senior year. Talk to a financial adviser to determine which strategy works best for your family. If you would like to opt-out early, please print and return the  Early Opt-Out form.
  • If your child/children are unable to meet their 6th-11th grade savings goal, there is a fallback savings goal of $500 that he/she can meet. The fall back CD of $500 will earn 5% interest. SCFCU wants to help KCU members contribute to their continued savings.

Joining is EASY

  • Children of all ages can join Kids’ Credit Union to begin saving.
  • If your child or a member of his/her family lives, works, worships or attends school in Chautauqua County, he/she is encouraged to join the Kids’ Credit Union.
  • Call 665-7000 or stop by any branch to open an account.

Why Save

  • Competitive dividend rates as high as 10% that never fall below 5%.
  • No monthly service fee.
  • No minimum deposit required.

Questions? Call Charlene Austin at (716) 665-7000 ext 2103.

KCU  Application& Brochure

Print application, complete and bring to any branch of SCFCU.

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168 E Fairmount Ave
Lakewood, NY 14750

(716) 665-7000

Open today · 9:00 am – 5:30 pm

View branch locations


Southern Chautauqua Federal Credit Union is committed to providing its members with the professional financial services they have come to expect. It will use its resources wisely and be held accountable to its members.