Baby On The Way?

At First United CU, we can help you to plan for that new addition to your family. While you’re thinking pink or blue (or maybe yellow), we can help you with some of the financial details.

Budgeting for the unexpected:

A new baby means a lot of changes in your life – including how you spend your money. Stop in and see us. We can help you to review your current budget. If you haven’t already, try putting more into an emergency fund. Experts recommend having enough in this account to cover three months of expenses. If this seems out of reach, try for at least a month.

Payroll Deduction:

Saving money and spending wisely can soothe an array of financial concerns. When it comes to a new baby, consider:

  • Opening a separate savings account to set aside money for daycare, diapers and other new expenses. This will help you to budget every pay period.
  • Setting aside more money for medical charges. (Remember, unexpected doctor bills can crop up, even with the cutest, healthiest baby.) Try payroll deduction to build the account painlessly.
  • Saving for college, even a small amount. While it’s hard to imagine right now, if you start saving for your child’s college from babyhood, you’ll be that much further ahead. Ask us about our CD options and educational IRAs.

Kids’ Accounts

We offer a variety of kids’ accounts, with perks based on their age. It’s fun for your child and introduces them to the credit union at an early age. You’ll also be giving your child the chance to learn about money as soon as they start to talk or toddle.

  • Saving Sailors Savings Account – Saving Sailors receive a piggy bank or other gift when they open a new account. Plus, kids can choose a gift from our Treasure Chest in the lobby with each deposit. Click here to learn more!

To open your baby’s account at First United CU, you’ll need to present their Social Security Number.

Obtaining Your Baby’s Social Security Number

(From the website

At the hospital: When you give information for your baby’s birth certificate, you’ll be asked whether you want to apply for a Social Security number for your baby. If you say “yes,” you need to provide both parents’ Social Security numbers if you can. Even if you don’t know both parents’ Social Security numbers, you still can apply for a number for your child.

At a Social Security office: If you wait to apply for your child’s number, you must:

  • Complete an application for a Social Security card; and
  • Provide original documents proving your child’s:

— U.S. citizenship;

— Age; and

— Identity.

  • Present documents that prove identity and your relationship to the child.

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