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  Teen Accounts
Youth Accounts by Y-12 Federal Credit Union

Click here to enter Impact site.

Y-12 Federal Credit Union offers financial services and education geared towards students ages 13 up to 18. We call it Impact, and it provides everything needed to take the first step towards financial freedom and independence.

With Impact, students can open an easy and convenient savings account and also learn valuable lessons related to making, saving and spending money. Itís the perfect financial program for someone just starting out, or anyone looking for cost-effective financial services designed specifically with students in mind.

Here are some of the benefits we offer Impact savings account members:
  • Opening gift with new membership
  • Monthly statement to teach teens the importance of financial management
  • Discount on reloadable VISA cards (personalized or non-personalized). Cost is $3.95 apiece (normally $5.95 apiece)
  • Special website featuring financial information and links to valuable resources
  • Youth certificate (12 month term, $100 minimum) designed to motivate teens to save money
  • Impact birthday card redeemable for free gift
Students can open an account with a minimum initial $5 deposit. Anyone who joins Impact can remain a member of the credit union for lifeóno matter he/she lives (as long as the membership maintains the account in good standing).

Accounts and Services Available for Impact Members

Free Checking

Impact members can open our FREE checking account (no minimum deposit) and receive a free CheckLink debit card. Weíll also give you the first box of checks free (select styles) to get you started!

Online Banking

Impact members can access their account 24 hours a day, seven days a week using our Online Banking service. You can check account activity, transfer funds between your accounts or request a check from an account.

Savings Services

All Impact members will have a regular share account that requires a $5 minimum balance. This savings account can be accessed any time with no withdrawal penalty. We have many other investment options for teens who want to save more, including our Youth Certificate. Just ask one of our member service representatives to help find the right account for you!

Help your teen take the first step toward financial responsibility. Bring them by the branch nearest you to open an Impact account and assure their financial well-being for the future.

Open an Account


Autos 2011-2017 as low as 2.74% APR
60-Month Certificate as high as 1.25% APY
Home Equity-Variable Interest Only as low as 4.00% APR
*Rates subject to change; certain restrictions apply.(1)APR (2)APY
NMLS #441816
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency
Member Cellular Discounts with Sprint
© 2016Y-12 Federal Credit Union, serving Oak Ridge, Knoxville, and surrounding East TN Counties.
All Rights Reserved.