You know how important it is to teach your children about financial responsibility. The S.O.C.A.L. (Self Organized Cabrillo Account Life) account was created to do just that. This is what it offers:

S.O.C.A.L. Checking-
-Only $25 needed to open this checking account.
-Your child will learn how to balance this checking account and how to use an ATM and Check Card.
-Your child will be able to view his/her account electronically on Home Banking.
-He/She will also be encouraged to sign up for e-statements to help balance his/her checkbook.

Auto Loan-
-Purchasing a car is a very large step and we are here to help.
-When your child reaches the legal driving age, you and your child can apply for an auto loan.
-With the online account access, you and your child can monitor the auto loan together.

Share Certificates-
-A great way to teach your child how to save.
-You and your child start by depositing $500 into this account. Then watch it earn interest for 12 months.Unlike traditional CDs, your child CAN make monthly deposits and with as little as $25!
-You and your child can use the savings calculator to predict how his/her money will grow!

What happens when your child turns 18?
Your child's S.O.C.A.L. account will turn into a standard credit union account. The S.O.C.A.L. account is a great student account as well.You can continue with the benefits of this account by simply providing us proof of your child's continuing education. Showing proof annually will allow your child to retain these perks.

Classic MasterCard™-
-Your child has just turned 18, now help him/her turn into a financially responsible adult with his/her first credit card.
-On your child's 18th birthday, we will send your child a birthday greeting and an application for a Classic MasterCard™ credit card.

To open a S.O.C.A.L. account, visit any of our branch offices with your child. Don't forget to bring a valid form of ID for your child to get started. Valid forms of ID include: Military ID, California DMV ID, School ID (with photo), or a passport.

Teen Survey-
Your child is already a S.O.C.A.L. member? Fantastic! Please be sure he or she visits the teen site to fill out the teen survey. It's five quick questions and it will give your child the chance to give us some feedback about what's important to them in their credit union account. The survey questions will change each month, so be sure to visit again next month. Thank you!