Teach them good money management habits through our online learning hub. Free for members and non-members.
Receive one-on-one guidance from our credit counselors to start your child’s financial journey.
Teach real-world responsibility with a Team Pelican Youth Savings Account for kids 17 & under
Track & Control their account activities through the MyPelican app.
With dividends earned each quarter, your kid can see their diligence pay off in real time.
Hard work deserves a reward. At Pelican, your kid can get up to $5 per A on each report card.
With real-time account management, purchase limits, parental card controls and more, you can support their growing financial freedom all while safely bridging the gap between adolescence and adulthood.
What is the age requirement for youth savings accounts?
Our Youth Savings accounts are primarily managed by a child’s parents and are available for kids of any age (0-17).
What happens to my child’s account once they turn 18?
When your child turns 18, their Youth Savings account automatically transfers to a standard savings account.
Does Pelican offer any financial education for kids & teens?
Yes! We provide a variety of resources and learning tools to help kids get an early grasp of money management and financial literacy. You can explore all of our educational options here.
As the largest state-chartered credit union in Louisiana, we proudly serve more than 60,000 members nationwide with personalized financial services, resources and guidance.
Over 750,000 Louisiana residents qualify for membership — are you one of them? If you or a family member meet just one of the following criteria, you qualify for membership!
You also qualify for membership if your immediate family member meets any of the criteria above!
1Pelican State CU membership eligibility required. Adult 18 years old or older must be a joint account holder on child’s Team Pelican youth savings account. Joint account holder must provide a form of identification for themself and the child, such as a birth certificate or Social Security card, to open account. Highest attainable grade on the report card pertains to each individual semester-end report card’s grading scale, including A, S (Satisfactory), and (O) Outstanding. Maximum of $35 per semester-end report card for Team Pelican accounts ($5 per A) and $70 per semester if the student also has an active Pelican Teen Checking account ($10 per A). Copy of official semester-end report card required. Report card must list account holder’s name, school name, and date or year to qualify for rewards. Only the student's most recent semester-end report card will be accepted. Report cards are accepted for either of the major semesters, such as May-end and December-end, or terms, such as spring or fall terms. December-end (or fall term) report cards can be cashed in until February 28 of the following year, and May-end (or spring term) report cards can be cashed in until July 31 of the same year.
²Pelican State CU membership and Team Pelican Youth Savings account required to open a checking account for a minor. If you are not a Pelican member, you must be eligible to open a primary savings account with Pelican to become one. The deposit to open a primary savings account starts at a minimum of $10 ($5 to join + $5 minimum balance). A minimum deposit of $25 is required to open Kasasa Cash or Kasasa Cash Back account. Must be 13-17 years of age to qualify. The purchase limit on teen debit cards is set to $500/day, and the ATM limit is set to $105/day. Parent/guardian must be listed as the joint account holder on the account and both names will be listed on the teen’s card. Overdraft Privilege will automatically be turned off and is not permitted on these cards/accounts; an overdraft link to a line of credit, credit card, or savings account is permitted at the parent/guardian’s request. Teens will be asked to provide a photo ID if they have one. The teen MUST sign the membership application in order to be issued a card. Not everyone will qualify. Pelican reserves the right to limit the number of accounts allowed per member, joint or individually.
