Savings Accounts

Good savings habits are the foundation of financial success. At Service 1st Credit Union, we encourage members to actively make routine deposits into their Savings through Payroll Deduction and/or Direct Deposit.

All deposit accounts are federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF). This fund is administered by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.

Share Savings Account

All members of the Credit Union are required to have a Share Savings Account. This basic savings account has a minimum balance requirement of $5.00. Members are asked to reach a $100 balance within 180 days, at which time you will begin to receive the current dividend rate, paid quarterly. Your Share Savings Account will not be charged a monthly service fee as long as a $300 combined average aggregate daily balance is maintained.

Conveniently access your Share Savings Account on the go with a Service 1st CU ATM card.

Children’s Savings Account

It is never too early to begin learning the importance of saving money. Service 1st Credit Union encourages parents to open a Savings Account for children at an early age.

Children’s Savings Accounts earn quarterly paid dividends with a balance of $100 or more. Children’s accounts are exempt from fees.

Christmas Club Account

A Christmas Club Account is a unique account designed to help you save for the winter holidays. With no minimum deposit requirements, you are free to begin saving with as little or much as you desire. Your money will be automatically transferred to your Share Savings Account on November 1st each year – just in time for holiday shopping!

Vacation Club Account

Instead of using a credit card to fund your next vacation, use a Vacation Club Account. This account allows you to make regular deposits weekly, bi-weekly or monthly through Payroll Deduction or Direct Deposit. With quarterly paid dividends on accounts over $100, you will not only save interest by not using a credit card, you’ll earn interest!

Whether you plan to go to a tropical paradise, head to the mountains for skiing or take the kids to Disney World, a Vacation Club Account is the perfect choice.