New Wave Savers Youth Account

This youth account offers a first step towards teaching financial responsibility and independence to young members 18 and under in a fun way! It teaches young members about the importance of establishing good savings and spending habits that will eventually help build good credit. The account is designed to familiarize youth with the differences between a credit union and a bank along with the benefits of saving.

New Wave Savers Receive:
  • New account opening gift
  • Birthday card to redeem for a prize
  • Prizes available as deposits are made inside a branch
  • Quarterly New Wave Savers Newsletter sent in the mail with helpful financial information, fun contests, and coloring sheets.
  • Opportunity to win prizes during contests throughout the year
  • Invitations to participate in special New Wave Savers events & promotions
  • Free Checking Account with a Debit Card and first set of New Wave Savers checks. (Must be at least 16 years of age, with a parent on the account, with a valid photo ID, & social security card.) 
  • Free Online & Mobile Banking
  • Opportunity to apply for a $1,000 College Scholarship (graduating high school seniors only)
  • Rewards for good grades through our Good Grades Rewards Program
  • And we’re thinking of more every day! 

Biz Kid$ Financial Education Resource for Students, Parents & Teachers.

Biz Kid$ Makes Financial Education Engaging & Meaningful


Biz Kid$ is a subscription-centric financial literacy initiative based on an award-winning television series about kids, business, careers, entrepreneurship, and money. It is known for creating and producing Bill Nye the Science Guy, which was a popular science series in the 1990s.  Each episode shows kids how to make and manage money by introducing concepts of financial literacy. Parents, youths, and teachers can use the resources on various topics appealing to various age levels, some resources and videos are available for a nominal subscription fee, but some of the resources are free to download such as financial literacy games here.

 

Naval Horizons Essay Contest

 
Naval Horizons is an essay contest sponsored by Naval STEM for the Department of the Navy that introduces students to cutting-edge Science. Technology, Engineering, and Mathematics (STEM) topics that impact the U.S. Navy and Marine Corps - to include autonomy, oceanography, cybersecurity, undersea medicine, and more. As part of New Horizons Credit Union's endeavor to further education and during Military Appreciation Month, we invite interested New Wave Members in grades 9-12 to learn about the Naval STEM challenges and their scientists and engineers through their website and video series. Then, we encourage students to write an essay explaining how their research and people inspire them. This contest challenges students to picture themselves in a STEM career by designing the U.S. Navy and Marine Corps of the future.
 
Important Dates

  • June 16, 2025: Essay contest submission form closes at 11:59 p.m. ET.

  • August 4, 2025: Essay contest winners announced at 11:59 p.m. ET.

 
Rules and Information

  • This essay contest is open to legal residents of the United States (U.S) who are registered students in grades 9-12 and attending public, private, or home school in the U.S. (including U.S. territories or possessions and schools operated by the U.S. for the children of American personnel overseas). See their website for other criteria at https://navalhorizons.us.

  • Judges will select up to 5,000 winners. All winners will receive a cash prize.

  • New Horizons Credit Union is not an organizer, not a judge, nor is able to answer any questions concerning the final decisions, but rather New Horizons Credit Union is simply providing this information for interested and eligible youth members.

To learn more, click here.
 
 

2026 Scholarship Program Coming Soon


New Horizons Credit Union offers financial solutions for your Real World through many programs such as our Annual College Scholarship opportunity, awarding up to five $1,000 scholarships annually to graduating high school seniors. This scholarship program has been going strong for over 20 years with over $85,000 in scholarships awarded to help New Waver Savers members pursue post-secondary education.
 
Since we are a not-for-profit financial cooperative, committed to the credit union industry philosophy of "People Helping People," scholarships will be awarded based on a student's academic performance, as well as community involvement. Our 2026 scholarship for graduating high school seniors who are members of the Credit Union is coming soon. Check back here periodically late summer/early fall for the new Scholarship Application.
 
 

Student Loan Support


New Horizons Credit Union offers Personal Loans, Credit Cards, and Home Equity Loans that can be used to assist with college expenses. However, sometimes a future college student may need more assistance for a longer term through a federal Student Loan. If you are a future or current college student and looking for federal Student Loan options to pay for college, New Horizons Credit Union partners with GreenPath Financial Wellness to help you understand your options before you decide on a student loan. They can also help you with options to pay off your student loan if you already have one. GreenPath offers two tiers of service to help you find a clear path forward. Click the link below to learn more about each tier:


MEMBERSHIP REQUIREMENTS

  • Age:  Birth - 18 Years
  • The same minimum balance and deposit requirements as regular Savings Account.
  • The youth's social security number is required to open the account.
  • Monthly Service Charge: None
  • Dividends are earned on the account and are compounded and paid monthly based on the average daily balance. The dividend rate and Annual Percentage Yield may change every dividend period as determined by the Board of Directors and are posted on our Savings Rate page. 
  • All minors will need to be accompanied by a parent or legal guardian when opening an account. Minors of age to present a valid state issued ID such as a driver's license and has a social security card may bring in those documents with a parent to be joint owner.
  • To open a New Wave Savers Youth Account, visit one of our convenient locations.

Parents:  Sign up for Automatic Transfers to electronically transfer funds into your children’s accounts to help their savings grow. Ask any New Horizons Credit Union representative for details.

Statements are issued quarterly by mail or e-Statements, and accounts with active checking accounts may receive monthly statements by mail or e-Statement.