Thrive Teens gives teen members the opportunity to take control of their financial lives confidently! Teens can independently manage their account, order a free debit card, get access to 30,000 nationwide surcharge-free ATMs, and learn how to use online and mobile banking. View balances, make deposits, withdraw and transfer cash on the go. After joining, teens will see how easy it is to spend using cash, debit, credit and checks, along with the responsibility of managing their first paycheck.
Becoming a Thrive Teen means taking the first step toward a financially independent future. We make sure teens are on the right path and are here to answer any questions they have.
It’s easy to become a Thrive Teen!
- Go to any Thrive location
- Present one form of legal identification (license, social security card, state I.D.)
- Deposit $5 to open the account
Thrive Teens must have a parent/guardian as a joint owner on the account. A parent/guardian does not have to be a Thrive member, but will be responsible for the account even if they choose to not link an account to their teens.
- Choice of a free T-shirt or sunglasses when they join
- Quarterly e-newsletter
- Opportunities to enter contests and win prizes
- Educational materials, tools and resources relevant to teens needs
Products and Services:
- Checking Account
- VISA Debit Card
- VISA Credit Cards
- Online and Mobile Banking – Android/iPhone
- ATMs – Find a CO-OP ATM online or by downloading the mobile iPhone/Android app
- Auto Loan – Loan in teens name with a co-signing parent/guardian.
Already a Thrive member?
Members are automatically enrolled into their age group’s program. Once you’re a teen, you’ll have access to all Thrive Teen’s products and services. Call us with any questions or go to one of our locations and pick up a free Thrive T-shirt or sunglasses.
Educational Materials and Resources:
Our goal is to teach teens how to manage their money and understand finances so their bank accounts and financial knowledge grow as they grow into adults. More new, and often confusing, financial responsibilities appear throughout a member’s teen years. It can be overwhelming, but we don’t want it to be! Thrive uses Pocket Cents as a resource and our own materials to answer young consumers questions over topics such as:
- Understanding a check and balancing a checkbook
- Why you should save
- 3 steps to take to college
- Information on fraud and scams
More Tools and Resources:
- Compare college costs, graduation rates, loan rates, monthly loan payments and employment prospects using College Scorecard – collegecost.ed.gov/
- College costs net price calculator – https://collegecost.ed.gov/netpricecenter.aspx
- Compare college financial aid offers – https://www.consumerfinance.gov/paying-for-college/
- Research loans, scholarships and grants – studentaid.ed.gov
- Estimate monthly loan payment calculator – studentaid.ed.gov
- Income and expenses budgeting worksheet – mymoney.gov
- Maintain a good credit score with Consumer Financial Protection Bureau tips– http://www.consumerfinance.gov/wp-content/uploads/2011/07/CFPB_20110719_CreditScoresFlyer.pdf
- Credit Card Repayment Calculator – federalreserve.gov
- Compound interest calculator – investor.gov.