Headstart

To provide members, ages 13 to 19 inclusive and full time students under age 25, with an account with many extra benefits and reduced service charges.

Financial Bonus includes:

• Interest bearing chequing account; calculated daily and paid monthly:
  • $0 - $500 = 30 Day Term Deposit Rate.                 
    
  • $501 and up = 90 Day Term Deposit Rate.
    Contact us for current rates.
• First order of 48 personalized cheques provided free.
• Erickson Credit Union pays the share (refundable to Credit Union if account is closed before the member's 19th birthday)
• Membercard available (minors require parents' approval) .

No Service Charges include:

No service charges for cheques written on chequing account.
No fee for member initiated transfer requests.
No service charge on Interac Direct Payment transactions.
Unlimited free withdrawals from savings accounts.
Discounted service charges for ATM transactions.
Statement and cheque images available.

Semi-annual Draw for a $50 Term Deposit and annual draw for $100 Term Deposit.

Loans to all members in the category are allowed at normal rates if they meet the lending criteria.

For loans, qualifications are:

Co-signed by parent who qualifies for the loan in their own name.
Student has a source of income that can be verified sufficient to meet the loan payments.

All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation.