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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 $25 needed to open account
  • Earns 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 ext. 702


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.
  • $25 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


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