First Northern Credit Union - Children's Accounts
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Children's Accounts

Moola Moose Account
Teach a little one about good financial management by opening a Moola Moose Share Savings account for him or her. Just $5 establishes the child's membership. Children through age 12 will begin to learn the same sound financial decisions you have made by sticking with credit union membership.

Moola Moose accounts are fun, too. The child will:
  • receive a membership card as well as fun and educational materials
  • receive a birthday card from Moola Moose
  • be automatically entered into quarterly drawings for prizes

Compass Club Account
When a Moola Moose member turns 13, his or her account becomes a Compass Club Account. It can also be opened for a teenager at any time, with an initial deposit of $5.

With a Compass Club Account, the young member will:

  • receive educational material that will prepare him or her for the responsibility of "grown up" accounts
  • learn how to begin establishing good credit,
    how to reconcile a checking account, and more
  • be automatically entered to win quarterly drawings for gifts and prizes


Your savings are federally insured by the NCUA (National Credit Union Administration), an agency of the U.S. Government, for up to $250,000 per member with a separate coverage of $250,000 for Individual Retirement Accounts. First Northern also provides additional private share insurance of $250,000 through Excess Share Insurance.



This page was last revised: 10/26/11

Moola Moose & Compass Club Savings Accounts*
$25,000 and above 0.25% APY
$2,500 - $24,999.99 0.20% APY
$5 - $2,499.99 0.20% APY

APY = Annual Percentage Yield
**Rates subject to change. You must maintain the minimum average daily balance requirement of the account to obtain the disclosed APY. Yields for all share savings accounts (above) are declared quarterly by the Board of Directors. Dividends are paid retroactively and based on earnings for the period. The dividend yield listed is for the period ending 06/30/2011. Yields for other deposit products are declared and paid monthly. Fees may reduce earnings. For CDs, a penalty may be imposed for withdrawals before maturity. Federally insured by NCUA.
Federally insured by NCUA.
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