MONTBELLO, Calif. — Understanding that students have vastly different financial habits than their parents, Camino Federal Credit Union has launched a new checking account to set young people out on the right path.
The $86 million credit union has rolled out its Right Start checking account. The account is available to members in "good standing" who are full-time students at age 16. The account comes with free online and phone banking, free bill pay, and a line of credit up to $100 for overdraft protection. At age 17, those same members are pre-approved for a Visa credit card with a credit limit of at least $500.
Robert Chaffino, president/CEO of Camino FCU, said the credit union wants students to have the tools, guidance and experience they need to be financially savvy.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
