Savings, Checking and More
Members Federal Credit Union offers some of the most competitive and flexible ways to save money and access convenient checking. And your transactions are always backed by service with a smile!
Savings Accounts
Open a regular Savings Account and maintain a minimum $25 balance to access all of the products and services that we offer. Let Members Federal Credit Union keep your money secure while you earn a competitive dividend rate. Deposits are insured by NCUA.
Advantage Checking
Free checking with no minimum deposit or balance required! Advantage Checking also includes a FREE Visa debit card, FREE Online Banking, FREE Bill Pay, and FREE e-Statements. Overdraft Protection is also available and deposits are insured by NCUA.
CDs
Make your money work for you with a Certificate of Deposit. With a fixed term length and dividend rate, your money will earn more than a regular Savings Account. Plus, interest may be posted to the certificate or another account with us. Enjoy flexible terms from 6 to 60 months; minimum opening deposit of $500 required.
Money Market Accounts
Money Market Accounts offer higher rates than a regular Savings Account, but also offer easy access to funds. As your balance increases, so does the dividend rate. Check writing privileges for easy access. A minimum of $2000 is required. Use up to three transfers or withdrawals per month.
IRA Accounts
It's never too early to start saving for retirement. Both Roth and Traditional IRAs are available and may be invested in either Certificates of Deposit or a regular Shares account. Four different CD terms are available, and contributions may be tax deductible (Please consult a tax advisor for deductibility).
Christmas, Vacation, and Education Club Accounts
Club Accounts are a great way to save for specific needs including holidays, vacations and education expenses. Payroll deduction may used to put a small amount away periodically. These accounts also yield higher interest than a regular Savings Account. Withdrawals are subject to restrictions. See a Member Service Specialist for more details.
Superhero Saving Accounts
Perfect for kids! The Superhero Savings Account is designed to help children understand finances and learn financial responsibility. The account earns dividends and kids can pick a prize from the treasure chest every time they make a deposit. Plus, bring in your piggy bank for FREE coin counting. Members must be 12 or younger to participate.
Deposit Insurance
Deposits are insured to at least $250,000 by the National Credit Union Administration (NCUA), an independent U.S. Government Agency which charters, regulates, and insures all federal credit unions. Additional insurance coverage is available for retirement-type accounts. Please consult a Member Service Specialist or visit www.NCUA.gov for more information.
Notice of Changes in Temporary NCUA Insurance Coverage for Transaction Accounts
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, through December 31, 2012, all funds in “noninterest-bearing transaction accounts” are insured in full by the National Credit Union Administration. This unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules.
The term “noninterest-bearing transaction account” includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no dividend. It does not include any transaction account that may earn dividends, such as a negotiable order of withdrawal (“NOW”) account, money-market account, or Interest on Lawyers Trust Account (“IOLTA”), even if share drafts may be drawn on the account. The temporary full insurance coverage of “noninterest-bearing transaction accounts” expires on December 31, 2012. After December 31, 2012, funds in noninterest bearing transaction accounts will be insured under the NCUA’s general share insurance rules, subject to the Standard Maximum Share Insurance Amount of $250,000
