Account Information

We understand the importance of teaching sound saving practices. To help our young members learn about saving and make it exciting, we offer the FAT CAT Program. This program offers a special FAT CAT Share account where young members can watch their money grow, a quarterly newsletter with a coloring contest, and a dedicated website with fun games and learning tools.


  • For children up to age 121
  • Must be joint with a parent, grandparent or other responsible adult1
  • To open an account, the child and joint owner should visit a local branch2
  • $5 minimum opening deposit
  • No withdrawals allowed until the account reaches the regular $25 minimum balance, which must be maintained while the account is open3
  • Dividends compounded daily and paid monthly4
  • FAT CAT Goody Bag which includes a passbook for transaction records
  • Quarterly Paw Prints newsletter
  • Child eligible to receive $1,000 of Group Term Life Insurance at no cost; can be increased to $10,000 coverage for $18 per year 5

For rate information, please visit SECU’s Share and Deposit Rates page.

1 All account holders must be members.
2 A parent’s or legal guardian’s signature may be required to sign on the minor’s behalf. If a parent or legal guardian is not present at account opening, a form can be mailed. Account opening can be completed once the form is returned with the required signature.
3 Withdrawals are allowed when the balance exceeds $25.
4 Dividend rate and annual percentage yield (APY) are subject to change daily at the discretion of the Board of Directors.
5 FAT CAT and Zard Group Term Life Insurance is provided by SECU Life Insurance Company. SECU Life Insurance Company is a wholly-owned subsidiary of State Employees’ Credit Union. Life Insurance is not guaranteed by, or an obligation of, any credit union and is not insured by NCUA. Insurance representatives are licensed to sell in North Carolina only.
FatCat Jazz Cat Image