WAYS TO SAVE

Learn more about our Share rates. Stop in and see one of our MSRs to get set up, or you can set up another savings account through eBanking or the app by by clicking the Services tab, and then selecting your profile picture from the side menu and clicking “Add an Account.”

What is a Share Account?

A 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.

• 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
• 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.”

What is a Youth Share?

You’re never too young to start saving! Our Youth Share Account helps you get your 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, at least every 5 months so you don’t get an inactivity fee.
• 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 account when you turn 18.

Learn more about our Share rates. Stop in and see one of our MSRs to get set up.

What is a Christmas Club?

The Christmas Club Account lets you save money throughout the year for holiday shopping!

• No minimum deposit required
• No service charges
• Use Payroll Deduction or Funds Transfer
• Participation is continuous so you don’t 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.

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 or the app by clicking your profile picture in the side menu and selecting “Add an Account.”

What is a Share Certificate?

Certificates of Deposit, also referred to as CDs, 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! Here are our Rates. Stop in and see one of our MSRs to get set up, or you can set up a certificate through eBanking or the app by clicking the Accounts menu, and then selecting the + sign in the top right corner to add an account.

How do Certificates work?

CD terms range from 3 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…

Learn more about our Certificate rates.

Certificate specials, which are on promotion from time-to-time, must be opened through our MSRs. Call to open a Special.

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.”

What is a Money Market?

Simply put, 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.

Stop in and see one of our MSRs to get set up, or 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.”

See our rates.