| SAVINGS |
CHECKING |
IRAs |
ACCOUNT PACKAGES |
|
|
|
|
OTHER SERVICES
- ATM Card
- Debit MasterCard®
- MasterCard®
- American Express Travelers Checks
- American Express Gift Checks
- Notary Public
- Money Orders
- Bank Checks
- Certified Checks
- Bank-by-Mail
- Direct Deposit/Payroll Deduction
- Night Depository
- Wire Transfer
- EFT Services
- EFTPS Services
- SimpleTalk Member Access Line - audio response system
- SFCU@home e*Branch
- Bill Payer
BACK TO TOP OF PAGE 
STATEMENT SAVINGS - MEMBERSHIP SHARE ACCOUNT
Membership Share Account: A statement savings account with a minimum balance requirement of $25.00. This account establishes membership with the credit union and entitles you to participate in all products and services the credit union offers. All deposits in this account earn a very competitive interest rate. A statement savings account does not require a passbook for posting transactions. Members receive a monthly statement itemizing all transactions and dividend postings.
Features:
- Interest rates are compounded and credited monthly
- Low minimum balance requirement
- No fees
- Detailed monthly statement
- ATM access
- Conduct transactions “real-time” with SimpleTalk audio response system & SFCU@home – e*Branch.
- Direct Deposit available
BACK TO TOP OF PAGE
CLUB ACCOUNTS
Statement share accounts setup for a specific purpose. SFCU offers a Christmas Club Account and a Teachers' Club Account.
Features:
- You determine the amount to save that suits your needs and budget
- Set aside money for holidays, special events
- Earn interest on the club accounts at the same rate as our statement savings account
BACK TO TOP OF PAGE
CERTIFICATE OF DEPOSIT
Term deposit accounts typically have higher interest rates than other accounts. Commonly referred to as a CD, it is an investment made for a certain period of time usually involving several months or years.
Features:
- Investment term options from 3 to 30 months
- Low minimum deposit requirements
- Interest is compounded and credited monthly
- Quarterly statements mailed itemizing all transactions and dividend postings
- Interest earned can be transferred to your SFCU savings or share draft account or a check mailed to you.
* early withdrawal penalties may apply
BACK TO TOP OF PAGE
PANDY PANDA ACCOUNT - YOUTH PROGRAM
SFCU offers a variety of youth savings programs geared toward specific age groups. We are committed to educating young members to the value of money that makes saving fun and easy.
Pandy Panda Account: The Panda, an international symbol for survival, was the basis for creation of the Pandy Panda Club. This club makes it fun and easy for young members to save what they earn.
Features:
- Special Pandy Panda passbooks
- Interest earned at the current statement share account rate
- Savings Incentives
- Pandy Panda Coin Savers
- Social Events for Pandy Account holders
BACK TO TOP OF PAGE
SHARE DRAFT (Checking) ACCOUNT
With an SFCU Share Draft (checking) Account, you'll enjoy the benefits of minimum to no monthly service fees and you may earn interest on your account when maintaining specified balances. If you are a senior, student, or direct deposit member, there is no minimum balance requirement and no monthly service fees.
We offer the added convenience of mailing an electronically imaged checking account statement each month so that you can review all your paid/cancelled checks easily. You no longer have to store piles of cancelled checks! If needed, you may request a copy of the front and back of the check.
Features:
- Interest rates are compounded and credited monthly when applicable
- No monthly service fees with direct deposit or if you are a senior or student
- Low monthly service fee if your balance falls below a modest daily minimum balance
- Unlimited Check writing ability
- Detailed monthly statement with images of your paid/cancelled checks
- ATM/Debit Card MasterCard®
- Members of NYCE, CIRRUS, SUM networks
- Conduct transactions “real-time” with SimpleTalk audio response system & SFCU@home – e*Branch.
- Direct Deposit available
BACK TO TOP OF PAGE
BUSINESS SHARE DRAFT (Checking) ACCOUNT
A Business Share Draft with SFCU gives you all the benefits of managing your business finances without the enormous cost of doing so as with other banks. You’ll enjoy many conveniences with low service charges.
Features:
- Monthly statement of transactions with imaged checks for balancing your checkbook, or
- Monthly electronic e*Statement via the internet– reminder notification each month via email
- ATM Card or Debit MasterCard®
- Night Depository Services at both credit union locations
- SFCU@home e*branch – 24/7 FREE!
- SimpleTalk audio response system – 24/7 FREE!
- Bill Payer Services – FREE!
- Low monthly service fee
- Electronic Services & Transfers
- Electronic Funds Transfer Payment System (EFTPS)
- - Through the 941 payroll program, your tax payments may be made electronically.
- Insurance Payments
- - You may also have your companies insurance bills paid through electronic transfer.
- Merchant Bankcard Program
- accept credit card payments right from your business office
BACK TO TOP OF PAGE
MONEY MARKET ACCOUNT
Combination of checking/savings deposit account used as a means of saving with
a higher interest rate.
Features:
- Interest rates are compounded and credited monthly. The interest rate adjusts as the balance in the account drops below the minimum requirement
- First 3 checks cleared per statement cycle are free within the each monthly cycle.
- Detailed monthly statement with images of your paid/cancelled checks
- Conduct transactions “real-time” with SimpleTalk audio response system & SFCU@home – e*Branch.
BACK TO TOP OF PAGE
INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
IRAs are special investment accounts designed to help members save for retirement. SFCU offers three types of IRAs: Traditional IRA, Roth IRA, the Coverdell Education Savings Accounts (f/k/a Education IRA).
Features:
- Investment term options
- Higher interest rates than regular accounts
- Interest is compounded and credited monthly
- Deposits may be tax deductible
- Interest earned may be tax deferred
- Quarterly statements mailed itemizing all transactions and dividend postings
- No annual maintenance fees
BACK TO TOP OF PAGE
ACCOUNT PACKAGES
One-Stop Financial Services
It's everything you want in a financial account.
Become a CUComplete member today and enjoy all of the CUComplete Account benefits - five core services that provide the right tools you need to handle your finances easily, quickly, and safely.
CU COMPLETE - CU CHOICE (see below)
Statement Savings Account
- Easy no-passbook transactions
- Access to funds and information via telephone & internet
- ATM terminal access
Share Draft Account
- First order of basic checks - FREE
- Monthly service - FEE WAIVED
- UNLIMITED check writing ability
e*Statements
- FREE SERVICE
- No waiting for your statement to be mailed
- Available 1-2 days after the end of the month
- Paperless record retention-save statements on your PC, CD-ROM or disk
ATM/Debit MasterCard
- 24/7 ACCESS to your account
- *ATM transactions - NO FEES
- Can be used worldwide anywhere MasterCard is accepted
- SAFE and CONVENIENT - no more carrying cash or checkbook
- SUM Network provides SURCHARGE-FREE transactions
*May be subject to surcharges passed on by other financial institutions
BACK TO TOP OF PAGE
SFCU@home - e*branch Home Banking
- FREE online service
- 24/7 ACCESS to your account for inquiries, funds transfers and loan payments via computer.
- View and print cleared checks at your convenience
- Real time transactions
SimpleTalk Member Access Line - Audio Response System
- FREE SERVICE
- 24/7 ACCESS to your account for inquiries, funds transfers and loan payments via phone
- CUComplete Members Deserve More...
Additional Benefits
- Loan rate discount of .25% on all new car and personal loans while you are an active CUComplete member or,
- Additional .25% rate increase on a Certificate of Deposit, with a minimum term of one year, while you are an active CUComplete Member.
*Note: rate discount or increase can not be combined with other SFCU promotions or offers.
BACK TO TOP OF PAGE
CU CHOICE
Statement Savings Account
- Easy no-passbook transactions
- Access to funds and information via telephone & internet
- ATM terminal access
Share Draft Account
- First order of basic checks - FREE
- Monthly service - FEE WAIVED
- UNLIMITED check writing ability
ATM/Debit MasterCard
- 24/7 ACCESS to your account
- *ATM transactions – Reduced Fee $.50
- Can we used worldwide anywhere MasterCard is accepted
- SAFE and CONVENIENT - no more carrying cash or checkbook
- SUM Network provides SURCHARGE-FREE transactions
*May be subject to surcharges passed on by other financial institutions
BACK TO TOP OF PAGE
CU FIRST - Financial Services for Young Adults (High School Program)
A club designed by SFCU specifically for high school students to introduce them in a step-by-step format to the responsibilities of managing their own finances. CU First provides each student access to both deposit and credit union services. We have 3 high school credit union branches at: Saugus High School, N. E. Vocational Technical High School (Wakefield), and Lynn Vocational Technical High School.
Account Types:
- Statement Savings Account
- Share Draft Account
- ATM Card or Debit MasterCard®
- MasterCard®
- Share Certificate - CD
Features:
- The program educates students to administer their own finances.
- Students are afforded lower minimum balance requirements on saving and CDs
- A Credit Union Representative will be in charge of teaching individual students about the advantages of each service.
- Students will have access to both Deposit and Credit services; including their own ATM and MasterCard.
BACK TO TOP OF PAGE
DEPOSIT INSURANCE
All savings/checking deposits up to $250,000.00 and IRAs up to $250,000.00 are insured by the National Credit Union Share Insurance Fund (NCUSIF), a branch of the National Credit Union Administration (NCUA), an agency of the U.S. Government established by Congress in 1970.
Deposits exceeding $250,000.00 are insured by the Massachusetts Credit Union Share Insurance Corporation (MSIC).
Saugus Federal Credit Union offers members a variety of savings and certificate accounts. Whether you have short or long-term goals, we offer products to meet your changing financial needs. SFCU is a federally insured institution taking every precaution to ensure your accounts are fully protected.
BACK TO TOP OF PAGE
Like to become an SFCU Member?
It’s Quick & Easy!
Fill out our online Member Application then come by our office and sign the signature card and make your initial deposit of $25.00.
USA Patriot Act - Disclosure
Section 326 of the Act requires the creation of reasonable procedures to (1) verify the identity of any person seeking to open an account/establish any relationship with the credit union, to the extent reasonable and practical; (2) maintain records of the information used to verify the person’s identity, including name, address, and other identifying information; and (3) determine whether the person appears on any list of known or suspected terrorist organizations provided to the financial institution by any government agency.
BACK TO TOP OF PAGE
|
