Heartland Credit Union Gateway Youth Account

Credit Creation

Members age 13 to 24 are automatically members of the Gateway Account. This Account is designed to be an introduction to the world of finances. The emphasis is on education. Costs have been lowered and restrictions eased to allow easy participation.

  • Specifically designed for those age 13-24
  • A savings bonus based on grades ($1.00 for B's, $2.00 for A's, with a cap of $10.00) is available annually. This is done at the end of the school year and is effective for the final Spring semester grades.
  • Savings: This share type pays dividends with a $25.00 minimum balance.
  • Certificates are also available with a minimum opening balance of $100.00.
  • There is a fee of $2.00 per withdrawal for more than 5 cash withdrawals per month from your savings account.

We also offer a great checking account for Gateway Savings members appropriately named Gateway Checking.

Optional Gateway Credit Creation program

For those wanting to get their credit established; exclusively for Heartland Credit Union Gateway members.

Two options available:

  1. A loan for up to $500
    1. 2 Year repayment plan
    2. Reports monthly to credit bureaus
  2. An HCU VISA credit card with up to a $500 limit
    1. Standard terms apply
    2. Reports monthly to credit bureaus


  • Borrower must have income to show that loan can be repaid
  • Borrower does not have to have a credit score
  • Borrower can receive an additional $100 credit line, with direct deposit to their HCU savings or checking
  • For those under age 18, a co-signor with approved credit, is required
  • Contact an HCU representative for more details

Grade: F
That's the average report card 12th graders earned for financial literacy recently. What our youth don't know is shocking. For example, only 27% understand that interest/dividends on savings accounts may be taxable. Only 40% realize they could lose their health insurance if their parents become unemployed.

Achieving economic prosperity is difficult. It's especially hard for young people who've never learned how to manage money. HCU is ideally positioned to respond because we believe in the power of education. We're here to help you launch the youth in your life toward financial independence.

Join. As a start, open a savings account for each child in your family at the credit union. As soon as your children can write, have them fill out deposit and withdrawal slips. Guide teenagers through using a debit card and balancing a checkbook.

Share. Include your children in your household finance discussions. Show them how you budget income and expenses. As their skills improve, give them challenges such as finding a better cell-phone plan, calculating the total monthly cost of owning a car, or sticking to a budget with back-to-school or holiday spending.

Coach. Remind your children to ask for help when they need it. And turn to your credit union when you want help. Our tradition of service and philosophy of self-help make Heartland Credit Union and all credit unions a natural partner in pursuing financial security.