When you become a member of the credit union
a savings account is opened in your name. An initial deposit
of $25 is required. All members must maintain a $25 balance
in their savings account to remain a member, and demonstrate
regular activity in their account to keep it open.
Other features of Regular Savings include:
- A competitive interest rate paid quarterly on the average
daily balance in your savings account. Contact the Credit Union for current rate information.
- Withdrawals: To withdraw money from your savings account,
simply stop by the Credit Union. Members may make up to three savings withdrawals per quarter
free of charge. After three withdrawals in one quarter a
$5 charge per excessive withdrawal is applied
- Quarterly statements by mail.
- Payroll deduction:
You may have deposits to your savings account deducted directly
from your paycheck.
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If you have any other questions about regular savings accounts
at Empowerment Community Development Federal Credit Union, contact us. Click here for
the savings calculator.
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