Youth

Youth Offering our younger members unique banking, lending, saving and money management products just makes sense to us. It’s an investment in the future.
Tools When it comes to money, having the right tools can give you the answers you’re looking for. How much do you need to save to buy a house? Or retire comfortably? What will it cost to send your kids to college? Our simple online tools can help. Go ahead. Check them out. You’ll be one step closer to your goal. Tools When it comes to money, having the right tools can give you the answers you’re looking for. How much do you need to save to buy a house? Or retire comfortably? What will it cost to send your kids to college? Our simple online tools can help. Go ahead. Check them out. You’ll be one step closer to your goal. Saving for School Tools and savings products that will help ease the financial burden that goes hand-in-hand with a college or university degree: Registered Education Savings Plans Registered Education Savings Plans If you have dreams of a higher education but aren’t sure how you’ll pay for all the expenses that go with it, you might want to consider starting an RESP. All you need to do is contribute a small amount each month. The power of compound interest combined with RESP-eligible government grants means that your education savings will grow faster. Learn more about RESPs here or contact us for more information on how to get started. Investment Accounts Investment Accounts Ask almost any adult what they’d do differently if they were given a ‘do-over’ and they’ll tell you that they’d start saving money when they were younger. While you might not like taking advice, this is actually a pretty solid recommendation. For example, if you invest $100 a month for 10 years, you’ll have more than $20,000 to show for it. If you were to invest $25 a month for 30 years, you’d get a payoff of about $52,000. It’s really not hard to do and we can help you get started with everything from a savings account to term deposits and mutual funds. based on a 3.7% interest rate Lifelong Learning Plan (LLP) Lifelong Learning Plan (LLP) If you’re thinking about going back to school to get that degree or training you’ve always wanted, your RRSP investments can help you do it. The Lifelong Learning Plan (LLP), available through the Government of Canada, allows you to withdraw up to $10,000 in a calendar year from your RRSPs to pay for full-time training or education for you or your spouse or common-law partner. If you’d like to know more about how to maximize your RRSP to help you reach your life or career goals, just contact us. We’re happy to help. Youth Investing It’s never too early to start saving. In fact, the earlier you start, the richer you’ll be down the road. Contact us to learn more about how bright your future can be if you just start saving a little bit today.	Youth Accounts Whether you’re in elementary school or university, we’ve got accounts designed to fit your every day banking needs: Kirby Kangaroo Club Kirby Kangaroo Club Designed for our members aged 0-11, this account offers everything a child needs to learn about the value of saving money. It’s a great way for young savers to get started, comes with no service charges and shows kids just how great it can feel to watch their savings grow. The Kirby Kangaroo Club includes: no service charges interest paid monthly ATM/Direct Payment Access (only if authorized by parents) a chance to open a term deposit with only a $100 minimum initial deposit Regular charges apply for anything above allowed number and Interac and Cirrus charges are not included. nCharge® Network nCharge® Network Our nCharge® Youth account is designed to help our members aged 12 -18 discover how easy it can be to save and manage money. This account earns you interest and comes with minimal service fees. Whether your money comes from an allowance, birthday presents or a paycheque from a part time job, the NCCU nCharge® account will help you learn how to make the most of it. The nCharge® Account includes: no service charge for debits, with the exception of Interac® and Cirrus interest paid monthly ATM/Direct Payment Access with an NCCU MemberCard® a chance to open a term deposit accounts can be in trust or owned by the youth Graduate Graduate We’ve tailored this special account to meet the needs of members who are college or university students. This service-charge free* account helps out students on a shoe-string budget. It works well with our Student MasterCard®, Student Line of Credit and Student Loans. The Graduate Account features include: no service charge for debits, with exception of Interac® and Cirrus interest paid monthly ATM/Direct Payment Access with an NCCU MemberCard® monthly statement Post-Secondary Students If you’re a college or university student, we don’t have to tell you how tight money can be. We’ve put these products together to help you out: Graduate Graduate We’ve tailored this special account to meet the needs of members who are college or university students. This service-charge free* account helps out students on a shoe-string budget. It works well with our Student MasterCard®, Student Line of Credit and Student Loans. The Graduate Account features include: no service charge for debits, with exception of Interac® and Cirrus interest paid monthly ATM/Direct Payment Access with an NCCU MemberCard® monthly statement does not include Interac and Cirrus transactions Student Line of Credit Student Line of Credit If you’re a student, you probably know how tough it can be to make ends meet after paying tuition, buying expensive text books and covering the cost of living. If you’re getting ready to become a student, you’re about to come face to face with this financial reality. We can help provide a buffer with the NCCU Student Line of Credit. With rates as low as prime + 2% and flexible repayment options, this is designed to make your life a little easier while you’re hard at work as a student. Contact us for more information. Student Loan Student Loan The New Community Credit Union Student Loan is designed to help manage the cost of your post secondary education. It comes with a great rate and interest-only payments until you graduate. Our student loan is a great alternative to Canada or Saskatchewan Student Loans and the ideal way to to help you cover the costs of getting the degree or training you need to make your future (and ours) that much brighter.