How do I start saving?

A:

How do I start saving in my child's account?

There are three ways you can make contributions to a College Kids account:

  • In person: Contribute at any designated 1st Financial Federal Credit Union location or Shared Branch Network location. For a complete list of shared branches click here. Bring your deposit (cash, check or money order) and your student’s account number with you. Credit union staff will not be able to provide information about your account number or current balance. Please contact Program staff directly at 314-622-4700 or collegekids@stlouis-mo.gov if you need additional account information.

  • By mail: Make out your check or money order to your child and write their account number in the memo line. Do not send cash in the mail. Send the deposit to:

1st Financial Federal Credit Union

1232 Wentzville Parkway

Wentzville, MO 63385

  • By direct deposit: Direct deposit is a service that can automatically deposit funds from any regularly scheduled payment, such as your paycheck, into your student’s savings account. It is convenient and saves you from worrying about lost or stolen checks and puts saving first before spending. Complete the direct deposit form here and submit the form to your company’s Payroll department (or other payor, such as Social Security).
  • Using Online Bill Pay: You can make a deposit using Online Bill Pay from your bank or credit union by following these steps

    • Contact your financial institution (bank or credit union) about setting up Bill Pay.
    • Add the student’s account number to your payee list, without spaces or dashes. You may need the 1st Financial Federal Credit Union routing number, found on your account card.
    • Choose whether you want to make a one-time or recurring payment.
    • Biller address--enter the following address:

1232 Wentzville Parkway
Wentzville, MO 63385

Biller phone-- (636) 916-8300

  • Follow the prompts to complete the addition of the biller and set up a one-time or recurring payment.
  • Once you have entered this biller in your bank’s bill pay section, you will not have to enter the biller’s information again and all payments can now be sent electronically.

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