BMI Federal Credit Union
Growing Up With Your Credit Union
Imagine the Possibilities for Your Child's Future
We want to be there for every step of your child's financial life, starting with their first savings account. Get started today with just five dollars. Right now, earn a $5.00 cash bonus* when you open a Youth Savings Account!
It's never too early to start saving for your child and to teach them the importance of saving for the future.
Not a BMI FCU Member? What You Need to Get Started
To open your minor's account, the following information will be required:
- Minor’s legal name
- Social Security Card and Birth Certificate or Government Issued ID and Social Security Card
All minor accounts must have a joint person of legal age.
Are You a Member? Open Your Youth Checking Account
When your child is ready for their first checking account and their first debit card we are here ready to help. They must be at least 13 years old and provide a picture ID (government or school). Learn how you can set limits on this card to help them learn the important responsibilities of saving and spending. You can also set them up with Online / Mobile Banking. If you do not currently have a BMI FCU account, please open an account above.
Our Youth Savings Accounts Grow With Your Child
Empower your child's financial dreams from a young age with a BMI Federal Credit Union Youth Savings account, paving the way for their future.
Open a Youth Certificate with as little as $50 plus you can add funds at any time.
Coverdell Education Savings Accounts
A Coverdell Education Savings Account (ESA) helps you easily save for your child's education, with contributions and earnings coming out tax-free. Learn more about how a Coverdell ESA can help your child by exploring our brochure.
When it's time for your birds to leave the nest, we have everything you need to prepare them for college, including student loan options and helpful blogs on preparing for college. See below for our list of blogs.
Free Educational Resources
Everywhere you look there are opportunities for your children to learn about smart finances. BMI Federal Credit Union can help.
Online Learning Center with Games
Our Online Learning Center is complete with interactive modules, games, and activities to keep your kids engaged while they learn all the basics for a lifetime of financial success!
Money Basics for Children
- A great place to start is with Teaching Kids Finances, a series of online activities to help understand the basics of money, savings, and more! Then explore our collection of financial games and lessons through the BMI Federal Credit Union Banzai program, Banzai Junior.
Preparing Your Teens
- Becoming a teenager means new and exciting responsibilities like getting a drivers license and enjoying unsupervised after-school activities. Prepare them for making good financial choices! Our Basic Saving for Teens series helps teens understand checking accounts, how credit works, budget fundamentals, and more!
Successful Starts for Young Adults
Visit our comprehensive Financial Education Program, available for FREE and with additional online services for kids, teens, and adults.
Check out our featured articles below for great tips for all ages.
*Present this flyer or mention promo code GET5 at account opening for members 0-17. Cash bonus of $5 will be deposited into the savings account within 10 business days after all qualifications have been met. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County. This credit union is federally insured by the National Credit Union Administration. Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends December 31, 2023.