DCU CashPak

• Helping young adults manage their finances
• Preparing young adults for their after school financial lives
• Giving parents tools to help their children away at college or at their jobs

What is StreetWise? The StreetWise Consumer Education Program is our way to provide you unbiased consumer information you need to make informed choices and save money. DCU's Vision is that all members achieve financial well being. Education is the foundation. Visit our StreetWise web site for a wealth of information on auto buying, credit, using financial services, privacy protection, fraud prevention, and a financial glossary.

• Safe access to funds they need – Cash on campus can be risky or even at the workplace. CashPak gives young adults many non-cash ways to access funds safely and easily while at school, or at work.
• Helps them establish credit – CashPak comes with an optional DCU Visa Card and an optional Personal Computer Loan. As they develop a record of paying their loans on time, your child will develop a positive credit rating. That's so important to their financial future.
  StreetWise Tip: A guide to credit and keeping a good credit rating is available on our web site. Use StreetWise Credit and Credit Management to help your child learn how to responsibly handle credit.
• Makes them more independent – In many cases this will be their first real experience with a checking account or credit. It will be easier for them to manage their finances with everything in one place.
• Saves them money – All CashPak services are free or very low cost. Many services offered by other financial institutions to young adults may be easy to get, but come with excessive fees, high loan rates, or worse. You can count on your child getting numerous direct mail offers for credit and other services while they are at home or away at school. But if you set them up with CashPak, they'll be less tempted by all those other offers that could easily leave them over-extended with high-rate credit.

• Simultaneously view account information – If your child has questions about their accounts and how they are spending their money, it's easy for you to discuss it and offer advice. Even if you are in different cities, you both can look at the same account information on PC Branch. They will see only their information when they log into PC Branch (unless you have them set up as a Joint Owner on your accounts). You will see their information in addition to your own accounts. You can also use this tool to talk about budgeting, balancing accounts, and maximizing dividends on savings.
• Replenish their funds – Some parents work with their child to establish a budget, particularly if they are providing the child's spending money away at school. If you and your child agree to do this, you'll be able to make transfers from your own accounts to your child's account using PC Branch. These accounts can be set up as weekly, biweekly, twice monthly, or monthly Automatic Transfers or you can do individual transfers at any time. Visit our PC Branch and log on with your member number and password. Select Demo for information on setting up Automatic Transfers.

• Full DCU Membership – If your child is not already a DCU member, they may join through CashPak. We'll contribute their opening $5.00 deposit. As a member, they will have access to all DCU services and can remain a DCU member for life.
• Free Checking – There is no minimum balance, no monthly fee, no per-check charge. Through age 23, personalized DCU Custom Checks are free.*
  StreetWise Tip: A guide to selecting and using a checking account is available on our web site. Using a Checking Account is a great resource in teaching your child how to use this important financial service.
• Free DCU Visa^® Check Card – Use it at ATMs for cash, deposits, and transfers. Use it at stores and gas stations for purchases with funds from the checking account.
  StreetWise Tip: A guide on debit and ATM cards is available on our web site. Use About Debit Cards, ATM Cards, and ATMs to teach your child about using this service.
• Unlimited Free ATM transactions everywhere* – There are no DCU charges for using any ATM. In addition, we will reimburse up to $5 per month in non-DCU ATM surcharges.
• 24-hour account access – Membership includes free online access through PC Branch and Easy Touch Telephone Teller. If your child has a job, or gets a job while at school, they can direct deposit their net pay and have access to their money right away (sometimes up to two days prior to their actual 'pay-day'). DCU will deposit the funds as soon as we receive the account information from the payer instead of on the 'effective date'. Visit our web site at www.dcu.org or stop by any DCU branch for more details on these services.
• Visa Credit Card – This optional account has no annual fee, a low annual percentage rate, and a $1,000 starting credit limit. A qualified co-signer of legal age is required (a parent or guardian, for example). A variety of repayment methods are available.
• Personal Computer Loan – Everyone seems to need a computer these days especially for Internet access. Many colleges require students to have computers before entering college. We can help with an optional Personal Computer Loan. A qualified co-signer of legal age is required (a parent or guardian, for example).
  If your child is going to school we suggest contacting the school to see if they have any PC requirements or recommendations. Once you've selected a computer, get a price quote and submit it with your CashPak application. A variety of repayment methods are available.
• Show Me Newsletter – Between ages 12 and 17, you'll automatically receive this award-winning educational newsletter for young adults. It's designed to help you gain the money skills you'll need during college and beyond.
• Loyalty Checking Dividend Rate* – Your child will earn the Loyalty Checking certificate dividend rate with a minimum deposit of just $100, and, for terms of 1 year or less, they can add on to the certificate balance as little as $100 at a time.
• Free Unlimited Travelers Cheques* – American Express^® Travelers Cheques, Gift Cheques, and Cheques for Two.
• Auto Loans – For a loan opened before age 23, your child qualifies for the low Direct Deposit with Electronic Payments rate*. An auto loan requires a separate application.
  StreetWise Tip: Before buying a car, read the StreetWise Guide to Auto Buying. Members following the advice of nationally-known consumer advocate and StreetWise spokesman Remar Sutton have saved thousands.

• Make choices and fill out applications – Print out the CashPak Application. Sit down with your child and review it. Determine what parts of CashPak your child is interested in and how you want to handle account ownership. Follow the instructions on each application and fill them out completely – including necessary signatures. If you are interested in borrowing for a car, you'll need to submit a separate vehicle loan application.
• Return the completed application to us following the instructions that print with the application. Include a check or money order for any initial deposit made out to Digital Federal Credit Union. Write the name of your child in the memo line. You may also bring your application to any DCU branch and open your account in person.