Starting to Save.

How do I start saving?


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 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.

How much should I save?


How much you save depends on you and your family. For some families, it helps to set monthly or yearly savings goals. For others, it is easier to contribute when you can, such as during birthdays, during tax time, holidays or other special events. Even small contributions will add up and make a difference. Every dollar you save is a dollar your child won’t have to borrow in the future.

For more information about college expenses, visit

Why should I save for college?


  • It can mean a lot to a child to learn that his/her parents believe that college is a possibility and a reality. Saving even a few dollars for a child’s future can have a big impact on future dreams for the child and family.

  • Savings alone may not cover the full cost. If that is your situation, you are not alone. Most students who apply for financial aid qualify for grants, work study or subsidized loans. A select few students are awarded full, four-year scholarships based on academic performance, athletic ability or financial need. Most students do not receive full assistance. Most likely, the school will expect you and your child to contribute to the total cost.

  • Every dollar of savings offsets the need to borrow, giving a child even more of a head start toward a productive career.

  • By saving some of your tax refund or just $20 or $30 a month starting in kindergarten, you will build a starting foundation that can help offset tuition, books and other college-related expenses.

Community events Make a suggestion


get updates