Youth & Student Accounts
Fat Cat
Headstart
StudentChoice®
For information on our bursary program for post secondary education, please click here.
Personal | Youth & Student Accounts
Fat Cat
The Fat Cat is a special account just for young people 12 and under. Anyone can open an account in a young person's name. A parent or grandparent might start an education fund for a new baby. A family friend could deposit birthday, Christmas or special holiday gifts.
Fat Cat members enjoy benefits including a birthday card and small gift, minimum $500 term deposits and higher interest rates on savings.
- Fat Cat Offers You:
- The first twelve withdrawals or electronic debit items via Lakeland Credit Unions four ATM's located throughout Bonnyville and Cold Lake.
- Interest calculated on the minimum daily balance and paid monthly at month end.
- Quarterly statements Interest paid on the minimum daily balance.
Headstart
Designed for young adults 13 to 18 years of age. Your Credit Union wants to help you get a head start on good money management.
- Headstart Offers You:
- The first twelve withdrawals or electronic debit items per month via Lakeland Credit Unions four ATM's located throughout Bonnyville and Cold Lake, direct debits (Interac) and electronic fund transfers (EFT) are free.
- Unlimited account access using internet and Teleservice.
- Monthly statements.
- Interest calculated on the minimum daily balance and paid monthly at month end.
STUDENTCHOICE®
Our STUDENTCHOICE® package is a smart and easy way to achieve your educational goals. We offer you a variety of products, convenience and flexibility in managing your cash flow at competitive rates. It's designed for you!
Helping You Build a Better Future
Meeting your expenses while attending school can be a challenge. Whether you have been saving for your education or have received funds from government student loans or your family - it still may not be enough. We can help!
The STUDENTCHOICE® package is available to students enrolled in a recognized college, university or technical school, and taking a minimum 60% full-time course load. This package is designed to meet the special loan and banking needs of students. We offer a variety of options that help you take care of your finances so that you can concentrate on learning.
Applying for the STUDENTCHOICE® package is easy! Contact us to set up a meeting to discuss your financial requirements. We'll help you design a plan that will ensure your money lasts for the entire school year!
The STUDENTCHOICE® package allows you to select from a variety of products that suit you best:
- An interest-bearing student account with a fee of $7.99 per month
- A student loan up to $10,000/year to a maximum of $40,000 for four years* with monthly interest-only payments until six months after you finish or leave school
- Students obtaining a professional designation are entitled to additional funding to meet their educational costs*
- CU CREDIT® Student MasterCard® Credit Card or CU CREDIT® CHOICE REWARDS Student MasterCard® Credit Card
- MasterCard® Global Payment Card
- Overdraft protection*
- A MEMBER CARD® debit card that can be used at any ACCULINK® or INTERAC® ATM machine in Canada or CIRRUS® machines around the world
- Use of INTERAC® Direct Payment with your MEMBER CARD® debit card
- Internet home banking
- Telephone banking to pay bills, make inquiries, transfer funds
- Competitive
interest rates (For exact interest rates and terms inquire at either of
our branches)
* On approved credit; certain conditions apply; Co-applicant or guarantor may be required.
Student Information Website Link: The Debtfree Graduate - Financial Advice for Students
