Student Accounts
Let us help you get the money you need
for the education you deserve
Ages 16+
Share Draft (Checking) Accounts
With a parent or guardian’s signed authorization, our checking account service is available to every qualified member. Your first 30 checks are free, and no monthly service or minimum balance fees apply. Account statements are issued monthly or may be viewed online.
Direct Deposit/Payroll Deduction
Starting your first job or trying to save money? Amherst FCU accepts both Direct Deposit (entire paycheck) and Payroll Deduction (as little as $5.00/pay) from most employers. Setting up a Direct Deposit or Payroll Deduction is a great way to save and allow quick and easy access to your funds or to build your savings. This service may be changed at any time upon your request.
ATM Cards
Use your ATM card for withdrawals from your savings or checking account with the credit union. You may use your card at any Allpoint or M&T Bank ATM machine, where your first 6 transactions a month are surcharge free.
Visa® Debit (Check) Cards
Visa® debit cards work just like a credit card only the funds are taken directly from your checking account. Use your debit card for purchases or cash withdrawals from an ATM. Since the card carries the Visa® logo, it is accepted worldwide.
ATM Service
Use your Check Card or ATM card for withdrawals from your savings or checking account with the credit union. Your first 6 transactions a month are surcharge free at any Allpoint or M&T Bank ATM. Please keep in mind that there may be transaction fees and/or surcharge fees that apply. Check out Allpoint’s ATM locator on our website or download the free smart phone application to find ATMs on the go!
High School Seniors
College Scholarships
– Hughes – Demmin Scholarship: due by April 1, 2025
– Amherst Academies Scholarship: due by April 1, 2025
Ages 18+
Wherever you are in your higher education, get the money you need for school. Student loans from Amherst Federal Credit Union in partnership with Sallie Mae® could help!
Sallie Mae® student loans are designed for the needs of all types of students.
- Competitive interest rates
- Multiple repayment options
- No origination fees; no prepayment penalty1
Smart Option Student Loan® for undergraduate and career training students.
Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.Find out which loan is right for you
Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank. Amherst Federal Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.
1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
©2024 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.
Student Visa® Credit Card
Begin establishing your good credit rating with the Amherst FCU Student Visa credit card. Available for college students ages 18-25, our Student Visa gives you the same great benefits as our Visa Classic credit card with the added advantages of a low fixed rate that keeps monthly payments easy to manage. View Forms and Applications
Rate: 12.90% Fixed APR*
Term: Open-ended line of credit
Minimum Payment: 3% of balance due
Maximum Credit Line: $1,000, subject to credit approval
Student-Run Credit Union Branch
The Amherst FCU staff and board of director are excited to announce our partnership with the Amherst Academies to launch a student-run credit union branch at Amherst High School!
The Amherst Academies are a comprehensive Career and Technical Education program with the goal of preparing students for lifelong success.
Students applied and interviewed for positions at the school branch and those selected will be thoroughly trained in customer service and cash handling. Their role in running the school branch, under the supervision of an Amherst FCU employee, will to be assist students, faculty and staff with basic transactions and new accounts.
Our goal is to provide students valuable professional experience from the convenience and safety of their school and to encourage positive financial habits.
For the safety and security of Amherst High School, access to the student-run branch is limited to Amherst High School students, faculty, staff and administration only.
The school branch will during lunch hours every Friday in which school is in session.
The Amherst High School Credit Union branch has been made possible, in part, by a grant from the New York Credit Union Foundation.