Save now. Thank yourself later.
Our new Goal Savings Accounts is here to help you reach your goals. Whether it be for a vacation you so richly deserve or to ensure you are able to spread holiday cheer, the Goal Savings Account is here to provide you the ability to do so.
Temptation free savings!
Many of our members turn to CFCU for help in saving towards specific events occurring each year through our new Goal Savings Accounts. You specify when you need the money, and we'll come up with a disciplined option to help you succeed.
Deposit at any time into these accounts, and/or set up a payroll transfer for additional automation!
| Daily Balance | Annual Percentage Yield (APY)1 | Alert Me |
|---|---|---|
| Minimum $100 to earn APY | 0.05% | Receive a notification when this rate changes |
|
||
Absolutely! Once you are a member of CFCU, you are a member for life.
By the way, did you know you can stay in touch with us and your accounts on the go? Our Mobile Banking and Text Banking are super popular offerings with our members across the country!
Non-transaction accounts include savings accounts, money market accounts, and certificate of deposit accounts and are limited to the number of withdrawals and transfers allowed. Transaction accounts such as checking accounts offer unlimited transactions in any form.
Federal Regulation D defines the number and types of withdrawals and transfers that can be transacted on a Non-transaction account during a calendar month to allow the account to retain its savings deposit status. Federal Regulation D is a Directive of the Government, not of your credit union.
The following types of transactions are limited to six per month from non-transaction accounts (noted above).
Transfers between CFCU accounts
· Pre-authorized Auto-transfers including overdraft protection.
· Home Banking Transfers (including a request through secure messaging)
· Phone transfers –automated phone line
· Phone transfers –speaking to a CFCU representative
· Faxed Transfers – submitting a faxed request
Transfers/Withdrawals to Third Parties
· Pre-authorized Automatic Clearing House (ACH) debits
· Home Banking Transfers (including a request through secure messaging)
· Phone transfers –automated phone line of CFCU or third party
· Phone transfers –speaking to a CFCU representative or a third party representative
· Faxed Transfers – submitting a faxed request to CFCU
The following types of transactions are unlimited from non-transaction accounts (noted above).
Transfers between CFCU accounts
· In person (or by messenger)
· At an ATM
· By Mail with an original signature
· Pre-authorized Transfer to pay a CFCU loan, Visa or Mortgage or credit union fees
Withdrawals
· Home Banking Withdrawals (including a request through secure messaging)- requesting a check mailed to depositor
· Phone Withdrawals - speaking to a CFCU representative and requesting a check mailed to depositor
· Phone Withdrawals – CFCU automated phone line and requesting a check mailed to depositor
· Faxed Withdrawal – request made by fax to mail a check to depositor
ATMs (1 in 12 in the US are in our surcharge free network), Debit Cards, in our Branches, via PopMoney, via Bill Pay, etc. Take a look at all we have to offer!
With a $100 Average Daily Balance, you'll earn dividends on your Savings.
| Daily Balance | Annual Percentage Yield (APY)1 | Alert Me |
|---|---|---|
| Minimum $100 to earn APY | 0.05% | Receive a notification when this rate changes |
|
||
Best $5 you'll ever spend, we guarantee it. Especially, as you aren't spending it! It's still your $5!
This $5 signifies your membership into CFCU. Think of it as being part of a special club that has your financial best interests at heart.
Sure! Any Savings Account can be set up for this, and you can even set up multiple Savings Accounts and tell us what order you'd like for us to draw from them.
Just use your accounts once per calender year and they will not go dormant.
Yes! We like our members so much, we'll let you have 10 of them!
No problem! Give us a ring and we'll set you up with a few different options based on the account type.
We'll need a signature to open your membership (your first/Primary Savings Account at CFCU), but any others after that you can do with a simple phone call, stopping in, or going into Online Banking! You can have up to 10 Savings Accounts here under one membership. A nice benefit for those who like to automatically save for certain events.
Another way to save for certain events? Club Accounts! Learn more
Yes, but it is so much more! With just $5 in a Savings Account, you become a member of CFCU.
If transfers are coming out of a savings account, they count against the monthly Reg D limit.
Any transaction over the initial 6 will be assessed a $10.00 fee per occurrence. The limit is reset monthly. Other transaction fees may also apply.
Reg D is a federal law which limits the number of electronic transfers and withdrawals (6) that can be made per month from a non-transactional account, otherwise known as a savings accounts.
1. Open or use a checking account for any electronic transfer or withdrawals. Checking accounts are considered transactional accounts, so Reg D does not apply.
2. Set up alerts for low account balances within Digital Banking.
3. Check your account balances within Digital Banking.
4. Keep a higher balance in your checking account to avoid transfers from your savings account.
For more tips, click here!
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.
Checking account statements are sent monthly. Saving account statements are sent quarterly; however, if an ACH is set up on the account the statement will be sent monthly.
That's a bunch of trees... help us save the environment by signing up for eStatements! Learn how to sign up for eStatements.
Yes you can use your debit and credit cards overseas. However, you must contact CFCU ahead of time to place a travel note on your account. There is a 1% currency conversion fee.
Note: Certain Countries have restrictions. Contact us for more information.
Make a deposit from anywhere with Mobile Deposit, Direct Deposit, or ACH.
You can also visit a branch, one of our deposit taking ATMs, or a night drop location.
Yes! Our Digital Banking is an excellent option for members who want to stay on top of their balances. Additionally, we have Text Banking all free for you!
For each of these, you'll need to be enrolled in Digital Banking.
Warning! Click below only if you feel like being impressed with CFCU. I mean really impressed.
Warning! Click below only if you feel like being impressed with CFCU. I mean really impressed.