Family credit unions guide x2
Practical guide to picking the right credit union for your family — eligibility, fees, youth accounts, mortgage and savings strategies tailored to family goals.
Why families choose credit unions
Credit unions commonly offer lower fees, better rates, and community-focused products for kids and parents. We map how major institutions like STCU, Patelco and EdFed serve households and which features matter most for families.
Quick comparison — STCU, Patelco, EdFed
| Feature | STCU | Patelco | EdFed |
|---|---|---|---|
| Membership ease | Regional, straightforward | Broad eligibility | Education-focused |
| Youth accounts | Yes, with perks | Strong options | Excellent for educators' families |
| Mortgage rates | Competitive | Very competitive | Targeted programs |
| Digital banking | Good | Excellent | Good |
Family savings estimator
Estimate how much your child's savings can grow with monthly contributions and a typical credit union APY.
Top 10 family-friendly credit unions (2025 snapshot)
- Patelco — wide membership, strong youth programs
- EdFed — education community benefits
- STCU — regional member service & family accounts
- Local County CU — great community feel
- Nationwide CU — digital-first, competitive rates
- Community First CU — financial education for kids
- Teachers CU — tailored for educator families
- Family Savings CU — custodial account options
- KidsGrow CU — hands-on savings tools
- Neighborhood CU — branch access & family events
How to choose — step-by-step
FAQ — quick answers
Can my child be a member?
Yes — most credit unions offer youth or custodial accounts; check minimums and joint account rules.
Are loans cheaper?
Often yes — member-owned structure can lower loan rates and fees compared to big banks.
What about digital banking?
Many credit unions offer robust apps; compare features like mobile deposit, Zelle, and bill pay.