Coogan Trust Account

Let your star shine

Coogan Trust Account

Let your star shine

Coogan Trust Accounts are a special type of trust account for child actors, athletes, and other young performers. In the State of California, you are usually required to show proof of a Coogan Trust Account before receiving a work permit for your child performer.

15% of your child’s gross entertainment earnings is set aside in this account
Cannot be touched until your child is 18 years old
Only $5 needed to open account
Earns View rates APY+ on balances of $100 or more
No monthly fee
Federally insured by the National Credit Union Administration (NCUA)

Interested in a Minor Coogan Trust Account?

Simply provide your name and phone number and we’ll give you a call.

Or call us at 562.862.8141

Open a Coogan Trust Account

Members
If you are already a DFCU member, simply call 562.862.8141 or email feedback@downeyfcu.org to open this account.

Non-Members
If you aren’t a DFCU member yet, visit our branch to open this account.

$5 minimum deposit to open and maintain account
Birth Certificate and Social Security Card will be needed for youth account opening
No dividends for balances under $100; earns dividends on balances of $100 or more
Dividends compounded daily and paid quarterly

No monthly fee
No fee to open

Interested in a Minor Coogan Trust Account?

Simply provide your name and phone number and we’ll give you a call.

Or call us at 562.862.8141