Teen Scene - 13 to 17 years
From saving for prom or college to buying a new car, CoastHills is here to help make the teenage years less complicated. Our teen members are provided with the tools they need to make intelligent financial decisions for the future.
Savings Account
It's easy to save for things like a scooter, a bike, a car or even college! A $5 minimum balance is required and at least one parent or guardian must be joint on the Teen Scene account.
Certificate Account
Members 21 years of age and under can open a certificate account with a little as $100. Certificate accounts offer higher rates than a traditional savings account. We have terms from 3 months to 5 years. At the end of the term, the money can be withdrawn or reinvested so it can continue to grow.
Education Savings Account
Starting a Coverdell Education Savings Account (ESA) can help financially prepare students for future education expenses. An ESA allows savings for education expenses on a tax-favored basis. Contributions can be made for the student until they reach the age of 18. We offer ESA savings, money market or certificate investment options.
Quarterly Newsletter
The quarterly Elements Newsletter provides valuable financial information and tips for kids. The newsletter comes with the quarterly account statement.
Teen Scene Checking Account
Our free checking account, specially designed for members 16–17, offers a free box of checks, unlimited check writing, no minimum balance requirements and no monthly fees.* Use the free VISA Check Card for cash at ATMs or for purchases anywhere VISA is accepted.
Student Transportation Loan
Acquiring a Student transportation loan provides our young members with a chance to purchase a small means of transportation (i.e. a scooter or bicycle), while allowing them to understand how a loan works. The maximum allowed is $250.00 and the loan requires a parent or guardian co-signer.*
First Time Motor Loans
Searching for a first car and loan can be a hassle. Make this task easier with a First Time Motor Loan from CoastHills. This San Luis Obispo area auto loan is designed to help 16 and 17 year olds buy their first car and start building their credit. The maximum allowed is $6,000.00 and the loan requires a parent or guardian co-signer.*
Elements of Money Website
| Access the Elements of Money website for useful financial articles, quizzes, polls, blogs, podcasts, and much more! Get fantastic money tips and info about financial events. Get fantastic money tips and information about financial events. |
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Understanding Your Money
Find out how well you understand your money with this web-based, self-paced tutorial.
*Teen must take the Understanding Your Money tutorial on our website or at one of our CUEST centers. We require a qualified adult joint signer or co-signer (must be a parent or legal guardian). Requirements for loans depend on the type of the loan, age of applicant, as well as GPA, and/or driver's license.
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Your Credit Union
CoastHills Federal credit union offers award-winning service and excellent resources for an extensive range of options from auto loans and San Luis Obispo mortgage choices to business banking, wealth management, and Health Services Accounts. Get started today; call (805) 733-7600 or contact us online.
