|Share Accounts (Savings)
CFCU offers a number of financial services that go above and beyond what many banks offer. How? We give you higher dividend rates and lower fees. Each depositor may be federally insured to at least $250,000 by the National Credit Union Administration, an agency of the federal government. To learn more visit NCUA today!
Share Accounts (Savings)
At CFCU Community Credit Union, there's a good chance you'll earn more on your savings than you would at other financial institutions — our dividends on share accounts generally exceed passbook interest rates typically offered elsewhere. Dividends are paid on average daily balances of $100 or more, compounded monthly*. You'll receive a statement at least quarterly — more often if you've had electronic fund transfer activity on your account (such as electronic transactions made with MAXX or at an ATM).
Your money is safe. Each depositor may be federally insured to at least $250,000 by the National Credit Union Administration, an agency of the federal government. Check out our current Dividend Rates. For a listing of account fees, check the Account Fee Disclosure, and if you need help calculating your personal savings or budget, check out CUNA's Financial Calculators page. To apply today for your new account, visit Join CFCU.
There are no per check charges on our checking accounts, no matter what your balance is. Plus your Checking Account pays dividends!
When you have a checking account and CFCUanywhere you can have free access to Checkfree BillPay. Instead of writing checks and mailing them to merchants, you can schedule and monitor all payments through Bill Pay. Need to pay back a friend or pay your rent? Make payments directly to individuals through Popmoney!
CFCU CheckCard, are provided for convenient local ATM and worldwide account access via Allpoint Network or either the NYCE or Cirrus ATM networks. The cards also provide easy point of sale purchase power from your checking account at any merchants accepting MasterCard.
With a carbonless copy of every check you write, you'll never miss another entry. You'll receive a statement monthly. Checking accounts are an unbeatable Credit Union service. Your account may be individually or jointly owned. Funds cannot be used as security for a loan. There is a minimum deposit of $1.00 to open a checking account. For a listing of account fees, check the Account Fee Disclosure. You can now order your checks directly from Deluxe Corporation at www.deluxe.com or by calling 877-838-5287 toll free.
Premiere Checking is checking with a host of money-saving benefits and free extras, including dividend increases on new certificates, rate decreases on loans**, discount on check orders, free Internet Banking, free Bill Pay, free debit card transactions, free travelers checks, free money orders and free teller checks†. There are no monthly fees or maintenance charges when you maintain an average daily balance of $500 or more.‡ Plus you earn higher dividends than with Classic Checking. Direct Deposit is required for this account.
Classic Checking has no minimum balance requirement and no monthly service charges or fees. In addition, Classic Checking pays dividends (compounded monthly) on average daily balances of $200 or more*.
Money Market Savings Account
CFCU offers a Money Market account that pays a higher rate of return than regular savings. This tiered account means the more you save, the more you’ll earn–because your interest rate will automatically increase each time your balance reaches certain tiers. A minimum deposit of $2,500 is needed to open an account and there are no service fees on this account.
Since these are safe investments, pay more interest and funds are liquid, many people prefer money market accounts to accumulate cash they may need quick access to down the road.
There are a couple of times a year when you’ll probably need extra cash–holiday and vacation time. Now the Credit Union is making it easy to save for those occasions with our new Club accounts. Make deposits when you have extra cash or set up an automatic transfer from another account or from your paycheck every payday. There is a $1 minimum opening deposit, no minimum balance and no service fees with our Club accounts. Dividends are paid on average daily balances of $100 or more.
- Holiday Club—Ease the expense of holiday gift giving with a CFCU Holiday Club account. Holiday Club accounts typically begin and end in October, but you can open your CFCU Holiday Club anytime you want. Your balance will automatically transfer into your Share account on October 1.
- Vacation Club—Similar to our Holiday Club, you can make deposits into your Vacation Club account anytime throughout the year. The difference is, your balance transfers into your Share account on April 1.
- Combo Club—With this account, your balance transfers into your Share account on April 1 and October 1.
Direct deposit or payroll deduction make saving even easier. Just have a few dollars deducted from your paycheck every pay period and watch your Club accounts grow.
* Dividends are considered variable rates and are subject to change by the board of directors. The rate may change after the account is opened. The Credit Union reserves the right to change rates in the account contract but will not tie rate changes to an index and the rate changes are made solely at its discretion. Dividends are paid from current income and available earnings, after transfers to reserves at the end of the dividend period.
**Applies to most new fixed-rate loans with auto pay; credit card and mortgage loans excluded.
† Limit 2 teller checks per visit, 6 per month.
‡ The average daily balance is determined by adding end of day balance in the account for each day of the month and dividing by the number of days in the month. If your average balance falls below $500 for the month, you pay a $5 per month fee.