Young Adults Club Tips, Info & FAQs
A banking program for young adults ages 18-21
If you’re between the ages of 18-21, you’re automatically eligible for the United Texas Young Adult Club’s numerous benefits. These include a savings and checking account, a Starter Mastercard, and a Credit Starter Loan with favorable terms. All you need to do is join United Texas.
3 Friends Who Bring Financial Trouble
As you go about budgeting and managing your finances, you may run into trouble. And all too often, this trouble can come from close friends. Should you abandon them? Of course not. But you should be aware of how they affect your life, and plan accordingly. Here’s who to watch out for:
1. The Party Friend
This friend loves to live it up. They are keen to go out and spend big every night—on drinks, clubs, expensive activities, fine dining, you name it. While it’s fun to indulge once in a while, constant partying puts a huge drain on your wallet. If you have a friend like this, let them know diplomatically you can’t always come along. Consider suggesting cheaper alternatives, like a potluck instead of a dinner out or a scenic hike instead of a pricey music festival.
2. The Selling Friend
Whether it’s makeup or knives, insurance or plastic ware, some friends love to sell you anything. And it can be hard to say no, since you want to support them. Try not to be too blunt in your rejection (unless it really becomes necessary) but also do your best to avoid their “product parties” and other sales-y situations. You can spend time together in a less pressured environment instead.
3. The Borrowing Friend
Here’s a principle: never lend money to a friend unless you can completely accept that you might not get it back. Because the truth is, there is no guarantee you will. You could end up in a dangerous financial situation, and threaten your friendship. Instead, if you don’t have the cash to give away, encourage them to get a personal loan or find some other form of financial aid. It might be difficult, but it will save you turmoil in the long run.
How old do you have to be to join?
United Texas members between the ages of 18 and 21 are automatically members of the club. Anyone in this age group who is eligible for membership can also enjoy club benefits.
What is the minimum opening deposit amount?
What's a Credit Starter Loan?
This loan can help you build credit. Here are some of the features:
Loan is in your name with a co-signor
Allows you to build credit history
A short-term $250.00 – $1,000 loan for any purpose at a competitive rate
Can be secured or unsecured depending on credit
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Young Adults Club Rates & Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
|Balance of $5.00 and Over||0.25% APY*|
*APY = Annual Percentage Yield. APY is accurate as of January 1, 2019, and may change after the account is opened. Dividends are calculated on the daily balance during the dividend period and paid to the account monthly. Fees or other conditions could reduce the earnings on the account. Payment of all dividends is subject to availability of earnings.
Credit Starter Loan
$250 - $1,000
(Young Adults Club Members Only)
|as low as 12.00% APR*||12 months|
*APR means Annual Percentage Rate. Rates are effective as of October 24, 2018. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
|Starter Mastercard®||17.00% APR*|
*APR = Annual Percentage Rate. Rate effective as of October 24, 2018.
Minimum interest charge = None.
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Young Adults Club Why United Texas
- Savings account with no monthly fees
- Checking account with free e-statements
- Short-term, low-rate Credit Starter Loan
- Starter MasterCard
- One free cashier's check or money order per month
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Young Adults Club How it Works
Being a part of the United Texas Young Adult Club is simple. Here's how to join:
Give us a call, contact us online, or come into any one of our branches.
Join United Texas Credit Union. To become a member, all you need to do is open a $5.00 minimum savings account.
Once you’re a part of United Texas, you’ll automatically be enrolled in Young Adult Club. You can then open your checking account, apply for your Starter Mastercard, and other benefits.