The Department of Family and Protective Services (DFPS) entered into an agreement with Capital Credit Union to assist youth and young adults ages 14-21 to achieve financial security and independence as they transition to a successful adulthood.  This will be accomplished by assisting youth and young adults in establishing savings and checking accounts through a tier system, based on the age of the youth or young adult.

Youth and young adults who participate in the pilot gain these benefits:

  • Sole ownership of the account
  • No co-signer
  • No monthly fees
  • No maintenance, overdraft, non-sufficient fund or penalty fees
  • Financial online training with incentives
  • Financial mentoring available

Currently DFPS is testing and slowly rolling out the pilot in Region 7.  Stay tuned for more information about a statewide roll out coming soon!

For more information, talk to your local PAL staff.

teen taking a photo of a check