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Maxx Money Club Account

The Maxx Money Club is a dividend bearing share savings account designed for kids from birth to 13 years of age. The account must be opened as joint with a parent/guardian or another responsible adult.

Maxx the Money Dog

Benefits include:

  • Birthday cards and potential prize money in their account if they visit the branch during the month of their birthday.
  • Report card rewards. Maxx Money Club members earn $1 for each “A” received on their report card. Report cards must reflect the most current grading term and only one dollar per subject. ($1 per subject with a max of $10 per student per school year)
  • Children under six months of age receive their first $5 as a gift from CPM Federal Credit Union when the account is opened.
  • Quarterly newsletter with coloring contest. Latest Maxx Money Kids' Club Newsletter
  • Uniform Transfer To Minors Act

Uniform Transfer to Minors Act (UTTMA) account. The account is owned by the child but controlled by the custodian, who can be a parent or another adult. Either the child or the custodian must be eligible for membership. The custodian also has the option to name a successor custodian to act in the event of his/her incapacity, death, resignation or removal. Funds in a UTTMA account may be released to the minor at age 18, and must be released when you reach age 21.
Circle of Kids

Coverdell Education Savings Account

Get a head start saving for college with a Coverdell Education Savings Account. Parents can add up to $2,000 each year until the child reaches 18 years old. Get the money out—including the dividends we pay —tax-free* if you use it for elementary, high school or college.

The Children's Online Privacy Protection Act

The Children’s Online Privacy Protection Act (COPPA) restricts the collection, use, or disclosure of Personal Information from and about children under the age of 13 on the internet. In compliance with COPPA, CPM Federal Credit Union (known as “Credit Union”) is committed to protecting the online privacy of the children who visit our website. The Credit Union’s website and online services are not directed to children under the age of 13, nor is information knowingly collected from children under the age of 13. Should the Credit Union receive information (name, address, email, account number, telephone, social security number) from a child known to be under 13, the information will only be used to respond directly to the child, seek parental consent, or provide parental notice. The Credit Union is not responsible for the data collection and use practices of nonaffiliated third parties. For more information about the Children’s Online Privacy Protection Act (COPPA), please visit the Federal Trade Commission’s website.

If you need further information, please contact the CPM Federal Credit Union's Marketing Department by calling 800.255.1513 or by email.

If any personal information is collected from a child under the age of thirteen (13) including name, address, phone number, e-mail address, etc., the information will not be sold to third party vendors. In addition, CPM FCU’s website may include links to external web sites of others that are not associated with CPM FCU that provide educational resources or products for children. 

* Consult a tax advisor for details.