Share Accounts For Minors

When it comes to saving for your child’s future, PFFCU has your best choices for maximizing returns. We offer Uniform Transfers to Minors Act (UTMA) Accounts and Education Savings Accounts (ESA) that will enable you to earn high yields with significant tax benefits.

Uniform Transfers to Minors Act (UTMA)

The Uniform Transfers to Minors Act (UTMA) Account is established in a child’s name for the purpose of saving for his or her future. The parent or legal guardian is the custodian of the account and, as custodian, must oversee and authorize all withdrawals on the account. When a minor reaches the age of majority (21 in Pennsylvania and New Jesey) the parent or legal guardian must turn over the funds or retitle the account in the name of the minor.

UTMA Investment Options
PFFCU Money Market Plus Account
PFFCU Premium Yield Account **
PFFCU Certificates
UTMA Features & Benefits
Open an UTMA

To open an UTMA, choose your investment option and open an account online. You may also visit any of our conveniently located branches or give us a call at 215-931-0300 or 800-228-8801.
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Education Savings Account (ESA)

The Education Savings Account is a tax-advantaged account that is used to save and pay for qualified higher education expenses. It can be used to pay for elementary and secondary education expenses, including tuition at private, parochial and trade schools. The annual contribution limit is $2,000 per student per year.

ESA Investment Options


ESA Money Market Account
ESA Certificates
ESA Features & Benefits
Open an ESA

After you establish an UTMA account, you may open an ESA online. You can open your first ESA with PFFCU or move assets from another ESA to PFFCU. You may also give us a call at 215-931-0300 or 800-228-8801 or visit any of our conveniently located branches.
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* Qualified education expenses include, but are not limited to tuition, fees, academic tutoring, books, supplies, room, board, uniforms and transportation. Monies not used for qualified education expenses will be subject to taxes and a 10% penalty. Check with your tax advisor for full details.

** Premium Yield Account owners are entitled to four FREE withdrawals per calendar month, including the transfer of funds. Accounts will be charged $10 for each additional withdrawal/transfer per month.