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Checking and Savings

Custodial Share Savings Account

This account is an ideal way to set aside money for a child or grandchild to contribute to his/her positive journey to adulthood. The Custodial Share Savings account pays the same rate of dividend as our Share Savings account.

The Custodial Share Savings Account offers the following benefits:

  • The Account is opened in the child's name with his/her social security number, yet only you (the custodian) have control over the funds until the child reaches 18 years of age.
  • It may provide a tax advantage under the "Uniform Gifts to Minors" Act (consult your tax advisor for more information on this).

To open a Custodial Share Savings account:

Visit an LAPFCU Branch today or call 877-MY-LAPFCU (877-695-2732) to speak with a Member Service Representative.

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