STUDENTS
Teen and Student Checking
Build smart money habits with LorMet’s parent-owned Forge Their Future Savings, Teen, and Student Checking accounts. Designed to grow with every stage of life, our youth accounts make it easy to start saving, spending, and building financial confidence.
Forge Their Future Savings
A parent-owned savings account designed to help build financial support for your teen or young adult’s future.
- Parent-owned OTMA savings account with full control and oversight
- Designed to support teen and student financial milestones
- Easy access to transfer funds when needed
- Pairs seamlessly with LorMet Teen & Student Checking
At LorMet, we believe strong financial futures start with thoughtful planning today. Forge Their Future Savings gives families a simple way to build that foundation, one deposit at a time.
Set aside funds today to help prepare for tomorrow’s milestones, whether it’s education expenses, transportation needs, first-time independence, or unexpected opportunities along the way. This account is designed to work alongside LorMet Teen and Student Checking, helping families stay financially prepared as their children grow.
Funds remain securely in the parents’ LorMet membership, giving you full control while allowing you to intentionally save for your child’s future goals.
This is an OTMA (Other Than Minor Account) savings account, established and maintained in accordance with LorMet’s OTMA account guidelines. The parent or legal guardian is the primary account owner and custodian, with funds intended for the benefit of the minor or young adult.
Forge Your Future Student Checking
A student checking account built for school, work, and everyday banking
Manage your money with confidence through a student checking account featuring no monthly service fees, convenient digital banking, and the tools you need to build lifelong financial success.
- Free Mobile Check Deposit2
- Free 24/7 Parent-to-Student Transfers3
- No monthly service fee
- No minimum balance
A convenient banking experience designed specifically for students. For ages 17-221. Call us or stop by any branch to apply!
1 If under age 18, a parent/guardian with an existing LorMet account in good standing is required as joint owner. Minimum opening deposit of $25.00 and e-statements required.
2 Message and data rates may apply
3 Requires enrollment. Both members must complete the M2M Transfers authorization form.
Forge Your Future Teen Checking
A teen checking account designed to build smart money habits
Help teens learn to spend, save, and bank responsibly with no monthly service fees, convenient digital banking, and easy parent-to-teen transfers. For ages 15-181. Call us or stop by any branch to apply!
Free 24/7 Parent-to-Student Transfers3
No monthly service fee or minimum balance
1 If under age 18, a parent/guardian with an existing LorMet account in good standing is required as joint owner. Minimum opening deposit of $25.00 and e-statements required.
2 Message and data rates may apply
3 Requires enrollment. Both members must complete the M2M Transfers authorization form.
Literacy
Building Confident Financial Futures
Financial literacy resources that prepare teens for life!
Learning how to manage money is one of the most valuable skills teens can develop. Whether it’s opening their first checking account, saving for college, or preparing for their first job, LorMet is here to help build a strong financial foundation.
Explore our free financial literacy resources designed to help teens gain real-world money management skills, from budgeting and saving to credit, investing, and avoiding scams.
Forge Your Future Scholarship Program
Each year, LorMet awards over $10,000 in scholarships for local high school students
LorMet recognizes outstanding local students through our Forge Your Future Scholarship Program. We’re proud to invest in students who demonstrate leadership, academic achievement, and a commitment to their communities.
Meet past scholarship recipients and hear how they’re preparing for the next chapter in our featured videos!
Schools
Financial Literacy in Local Schools
LorMet partners with local school districts to bring financial education directly into classrooms through interactive presentations and hands-on learning experiences. We’re proud to help local students develop lifelong money management skills.
Lorain High School
Elyria High School
Amherst High School
Clearview High School
Community Stories & Financial Resources
Stay in touch with the latest financial news and community events
Not a LorMet Member?
Open your account today at any LorMet location and experience the Credit Union difference!
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Bob SetlockWe’ve banked in many communities, this is the best we’ve ever belonged to.
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Marilyn BombacI was looking at CDs. Irene was compassionate, caring, and wanted us to succeed.
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