FIND THE PERFECT ACCOUNT
Make your money work harder.
Veritas Federal Credit Union has a variety of accounts so finding the perfect account for you is easy. You may want to invest, or you may want to save for a vacation. You may want to establish credit or repair credit problems. We have a range of accounts, so come and talk to us about how to make your money work harder for you.
SAVINGS
Our share accounts are tailored to fit your goals.
Share Account
A new Share Account is the foundation of your VFCU membership. Similar to a savings account, credit unions call it “share” because by having this account, each member owns a share of the Credit Union.
- As long as you place and keep $25 in this account, you will remain a member of VFCU, no matter where you work or live
- Dividends are paid quarterly
- The dividend rate is set by the Board of Directors and is subject to change
- A share account can be used as collateral on VFCU loans
When you open a Share Account, you must choose who will have access to the funds and be accountable for taxes and other ownership responsibilities. The following types of ownership are available:
- An Individual Account is in the name of one individual member of the Credit Union.
- A Joint Account is owned by joint members with the right of survivorship.
- A Payable Upon Death Account will release only to designated beneficiary(s).
Learn more about our Share rates. Apply for a share account here.
You can open additional share accounts in eBanking or the app by selecting your profile picture from the side menu and clicking “Add an Account.”
Youth Share Account
You’re never too young to start saving! Our Youth Share Account helps get young people’s finances started on the right foot.
- The minimum balance to open a share is $25; as long as you keep $25 in this account, you will remain a member of VFCU, no matter where you work or live. But your goal is to increase your savings in this account over time.
- Dividends are paid quarterly
- The dividend rate is set by the Board of Directors and is subject to change
- This account automatically converts to an adult Share account when you turn 18.
Learn more about our Share rates. Stop in and see one of our MSRs to get set up.
Christmas Club
Our Christmas Club Account helps you save money throughout the year for holiday shopping!
- No minimum deposit is required to open
- No service charges
- You can use Payroll Deduction or Funds Transfer
- Participation is continuous so you do not need to re-enroll each year, and you can join at any time.
- Dividends are paid quarterly
- The rate is determined by the Board of Directors and is subject to change
- All withdrawals made before October 1 are subject to an early withdrawal fee (see Fee Schedule for details).
Learn more about our Christmas Club rate. Set up a Christmas Club account when you join the credit union. Or, once you’re a member, you can set up a Christmas Club through eBanking by clicking your profile picture in the side menu and selecting “Add an Account.”
Share Certificate
A Certificate of Deposit, commonly referred to as a CD, are specialized savings accounts that earn a fixed-rate dividend for a fixed period of time. VFCU believes in making your money work for you, so we offer certificates in a variety of terms and at very competitive rates. With low minimum deposits, your investment goals are closer than you know!
How do Certificates work?
Certificate terms range from 6 months to 60 months. The longer your term, the higher your rate. Most Certificates require a minimum deposit of $500.
How can I maximize my earnings with a CD Strategy?
Laddering is an excellent way to ensure you earn the best rates possible. It allows you to control the terms while getting the liquid availability you want. Read more…
You can open additional share accounts in eBanking or the app by selecting your profile picture from the side menu and clicking “Add an Account.” Certificate specials, which are on promotion from time-to-time, must be opened through our MSRs. Call to open a Special.
Money Market Account
A Money Market is a limited-withdrawal savings account with a higher rate than a basic savings account. We have 4 tiers with corresponding rates.
You can open additional share accounts in eBanking or the app by selecting your profile picture from the side menu and clicking “Add an Account.”
Individual Retirement Account
An IRA (Individual Retirement Account) helps you save for retirement while allowing you to reap tax advantages along the way. We offer both Traditional and Roth IRAs. Interested in an IRA? Stop by and talk with one of our MSRs.