Fund II Foundation Child Savings Account Program
Learning how to manage money at an early age is an important life lesson that can put children on the path to a healthy financial future.
Research shows that children who have even a modest savings account can increase the likelihood of reaching financial security and improve the potential for achieving high school graduation.
Ground Control – How the Program Works
Children in HOPE’s Take Flight Savings Program will not only have an opportunity to open a savings account at Hope Credit Union, but they will also receive financial education that is fun and family-friendly. The financial education curriculum includes lessons about money management, financial goal setting, and how to save.
Once a Take Flight account holder reaches age 18, he or she may withdraw the funds, or funds can be withdrawn for hardship purposes with HOPE’s approval. Parents can make deposits into the accounts; however, parents will not have ownership of the accounts.
This exciting program aims to improve the financial habits and health of the entire family. Get ready for takeoff!
Takeoff – How to Join
If you are interested in opening a Take Flight account, the following information is required:
- Parent (guardian)1
- Two forms of ID (one photo ID)
- Proof of address (if current address is different than shown on ID)
- Child
- Birth Certificate
- Social Security Card
- Parent (guardian) must complete and sign the membership application1
- Parent (guardian) must be listed as joint on the account1
- Membership Fee: $10 (waived for program participants)
- Initial Deposit: $100 seed deposit from Fund II Foundation
Above the Clouds – Savings to Help People Soar
Together we can provide children and families with the tools they need to build wealth, save for college, establish healthy financial habits, and improve their overall financial outlook. Research shows that children with even a small college savings fund are nearly twice as likely to attend college.
The following form is available for families participating in the Fund II Foundation Child Savings Account Program.
1If the participant is 18 or older, a parent or guardian is not required to be joined on the account.
Fund II Foundation – Child Savings Accounts Program Form