Credit Union Launches Youth Banking Platform splashup!
Service 1st Federal Credit Union has integrated REGO's Family Wallet technology to offer kids a supervised way to earn, save and spend.
Updated on Nov. 3, 2026 in Banking
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Service 1st Federal Credit Union launched splashup!, a youth banking platform built on REGO's Family Wallet technology, within its existing digital banking environment. The platform lets children earn, save, spend and manage financial goals while parents supervise their activity.
Why it matters
The service is intended to bring financial education tools into everyday transactions and savings activities for young members. It reflects a broader push by financial institutions to offer supervised youth money management through digital banking.
Service 1st held 18 financial reality fairs for high school students in 2025, and one event drew 1,890 attendees. The source does not report enrollment numbers for splashup! or how many members have adopted the platform.
The players
Service 1st Federal Credit Union
A credit union that integrated REGO's youth financial management platform into its digital banking services to offer splashup! to members.
REGO
A family banking technology company whose Family Wallet platform powers splashup! and whose distribution is expanding through partner institutions.
The details
The platform runs inside Service 1st's existing digital banking environment, so members do not need a separate banking relationship. REGO supplies the underlying technology, while the credit union controls customer-facing branding and member relationships. REGO states its technology is certified to exceed requirements of the federal Children's Online Privacy Protection Act.
Timeline
2025: Service 1st conducted 18 financial reality fairs for high school students.
November 3, 2026: Service 1st launched the splashup! youth banking platform using REGO technology.
Industry Dynamics
The launch extends REGO's Family Wallet technology into credit union digital banking, expanding its distribution beyond earlier deployments. Financial institutions are increasingly bundling supervised youth money tools into existing accounts rather than offering standalone products.
Families with children who bank at participating credit unions may gain a supervised tool for teaching saving and spending habits within their existing accounts. The platform's availability depends on whether a given credit union adopts REGO's technology.
The takeaway
Parents with children at credit unions can ask whether youth banking tools like splashup! are available within their existing accounts. Comparing supervision features and privacy protections before enrolling a child can help families choose an option that fits their needs.
Further reading
Explore more banking news coverage on how credit unions are reaching younger members.
Source note: This article includes information reported by MyChesCo.
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Would you be comfortable with your child using a bank's youth banking app?
