Dear Members,
We have received reports from other financial institutions that there has been an increase in fraudulent activity. Fraudsters are claiming to be from financial institutions with the goal of getting your account and other identification information. If you receive an unsolicited call, email, or text from anyone claiming to be with Downey Federal Credit Union, feel free to call us at (562) 862-8141 to verify before providing any information.

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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.

Call Request Form - Mobile

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
  • 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


+APY as of 06/18/24