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Oklahoma Credit Union launches youth accounts for unhoused and transitioning youth; $5 starter deposit and no fees
Summary
Representatives from Oklahoma Credit Union presented a youth banking program that opens accounts for vulnerable youth without guardians, offers no monthly fees or minimum balances, assigns a certified financial counselor, and provides a $5 starter deposit and waived checking fees.
Representatives of the Oklahoma Credit Union told the Oklahoma Commission on Children and Youth about a Youth Banking Partnership program designed to expand account access and financial education to unhoused and transitioning youth.
Tammy Kilman and Amanda Kirby of the Oklahoma Credit Union described a program that opens savings and checking accounts for youth who lack a guardian or stable address; the credit union will accept shelter or community addresses and has created an…
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