Frequently Asked Questions

Welcome to the Questions & Answers area. Here, you'll find answers to some of the common questions that members have asked about UNFCU Start Smart and the Start Smart Scholarship Fund.

Click on the links below to go to the specific questions and answers you would like to read.

Start Smart Frequently Asked Questions
Start Smart Scholarship Fund Frequently Asked Questions

Start Smart Frequently Asked Questions

1. What is the difference between a Start Smart custodial account and a Start Smart savings account?

2. Are there eligibility restrictions for Start Smart members?

3. Are there transaction restrictions for Start Smart members?

4. When will the restrictions be lifted?

5. How much can be deposited into an account at one time?

6. What are the tax implications when members establish custodial and/or joint accounts for their children?

7. If I return to my homeland or move to another country, may I still maintain the Start Smart Account for my child/grandchild?

8. What are UNFCU’s responsibilities for the Start Smart account?

9. What are the major duties of the custodial and/or joint accountholder?

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Start Smart Scholarship Fund Frequently Asked Questions

1. What is the Start Smart Scholarship Fund?

2. Who is eligible to apply for the Start Smart Scholarship Fund?

3. How and when will the Start Smart Scholarship Fund winner be determined?

4. How will the Start Smart Scholarship raise the funds?

5. If I donate via Internet Banking will I receive a UNFCU Start Smart aluminum-clad organizer?

6. When will the funds be provided to the Start Smart member?

7. What if the winner is only 10 years old and has several more years before college? What happens to the Scholarship funds?

8. What happens to the scholarship funds if the winner decides not to attend college?

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