The FAT CAT® program is designed for children up to age 12 and teaches the Credit Union’s youngest members the importance of saving.

The program offers a FAT CAT Share account where young members can save and watch their money grow. A FAT CAT Share account can be opened at any branch for children ages 12 and under who are eligible for membership.1 The account must be joint with a parent, grandparent, or other responsible adult who is an existing member with a regular Share account.2 When the child reaches age 13, the account automatically converts to a Zard® share account.

  • Competitive dividend rate.3 View our Share & Deposit Account Rates.
  • Dividends are compounded daily and paid monthly
  • $5 minimum opening deposit
  • No withdrawals allowed until the account reaches the $25 minimum balance, which must be maintained while the account is open4

Group Term Life Insurance Coverage

The child is eligible to receive $1,000 of Group Term Life Insurance at no cost. This coverage can be increased to $10,000 for $18 per year, if the additional coverage is purchased within 30 days of account opening.5

1 All account holders must be members.
2 If a child cannot sign; a parent or legal guardian must sign on the child’s behalf even if the parent/legal guardian is not the joint owner.
3 Dividend rates and annual percentage yield (APY) are variable and subject to change daily at the discretion of the Board of Directors.
4 Withdrawals are allowed when the balance exceeds $25.
5 FAT CAT and Zard Group Term Life Insurance is provided by SECU Life Insurance Company. SECU Life Insurance Company is a wholly-owned subsidiary of State Employees’ Credit Union. Life insurance is not guaranteed by, or an obligation of, any credit union and is not insured by NCUA. Insurance representatives are licensed to sell in North Carolina only.