Helping to Teach Your Kids About Money
Smart money habits start at home, and with FCU FAM®, we’re making learning about personal finances simple, fun, and rewarding.
What is FCU FAM®?
FCU FAM® is an interactive widget within our online and mobile banking platform, FCU Anywhere and lets parents quickly and conveniently transfer money into youth accounts, whether it’s for a weekly allowance, a reward for straight As, or the completion of chores or recurring payments for a “parent loan.” Free and simple to use, FCU FAM® is tailor-made to help teach your kids about money in fun ways, adding to the value FCU members get from using online and mobile banking.
FCU FAM® Features
Easily transfer money to your kids’ accounts.
Put money directly into your kids’ accounts with a few taps. Plus, they can request money from parents within FCU FAM®. Once approved, the money will be instantly available.
Set rewards for chores and good grades.
Pay kids for their efforts with an instant transfer to their account once chores are completed or when they earn impressive report cards.
Loan money and set up payment terms.
Let kids borrow a specific sum and pay it back over time with interest, then choose if you’d like to reimburse their interest payments as a reward for good money management.
Set parental controls on kids’ debit cards.
To keep kids going in the right direction, you can set parental controls on their youth account debit cards and keep their daily spending under a specific amount.
Teach valuable money management skills.
Encourage your kids to learn about budgeting and saving, so they will have the tools they need to make smart money moves as they grow up.
How Do I Access FCU FAM®?
FCU FAM® is a widget within FCU Anywhere, our online and mobile banking platform. This means you can access it on your desktop or mobile device on the go. Once you’re logged into FCU Anywhere, you’re able to access the widget to register. In order to use FCU FAM®, both you and your child will need to have an FCU checking or savings account.
To access more learning resources for kids and to get started with FCU FAM®, visit flcu.org/FCU-FAM.
