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PHONE: 215-934-3500 or 800-832-PFCU

ABA Routing # 236084298

Custodial/PAUTMA Accounts

Ensure the welfare of your children

Custodial accounts are a convenient way to save for the benefit of a minor child while limiting the child's access to the account. Normally, a custodial account is established to save for a specific goal.

The Uniform Transfer to Minors Act allows parents or other interested persons to make an "irrevocable gift" to a minor without needing a court-appointed guardian. When the gift is given, which means an UTMA account was opened, the money becomes property of the minor. However, the parent/custodian maintains control over those funds until the minor reaches the age of 21.

Open to

Minors under age 21 who qualify for membership. The Custodian does not have to be a member.

Key Features

  • UTMA account shares belong to the minor.
  • Custodian is the only person permitted to transact business on the account. The Custodian is responsible for transferring funds to the minor when the minor reaches age 21.
  • At any time a successor custodian can be named by the Custodian.
  • Dividends on UTMA accounts are considered income to the minor for federal income tax purposes.

Minimum Balance

$ 5.00

Open a Custodial/PAUTMA Account

Refer your Friends
National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Excess Share Insurance Corporation 
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Since they are not a deposit of the Philadelphia Federal Credit Union, investment accounts do not qualify for Excess Share Insurance (ESI). Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.