WAYS TO SAVE
Our share accounts are built to match your savings goals. Want to get started? Swing by and chat with one of our MSRs. Prefer digital? No problem. You can set up a secondary savings account in eBanking or the app:
- Go to your Accounts
- Tap the “+” sign in the upper right
- Choose “Open additional accounts” and follow the steps
[Learn more about our Share rates.]
What is a Share Account?
This is the heart of your VFCU membership. Unlike banks, credit unions call it a “share” because it means you’re a part-owner of the credit union. Pretty cool, right?
- Open with just $25—keep that amount and you stay a member for life
- Earn dividends quarterly (rate set by our Board and may change)
- Can be used as collateral on VFCU loans
When opening your Share Account, decide who has access and who owns it for tax purposes. Choose from:
- Individual Account: owned by one member
- Joint Account: shared ownership with survivorship rights
- Payable Upon Death Account: passes to your named beneficiary
[Learn more about our Share rates.] [Apply for a share account here.]
Want to open other share accounts? In eBanking or the app, tap your profile picture, then select “Add an Account.”
What is a Youth Share?
You’re never too young to be smart with money. Our Youth Share Account is the perfect way to start building healthy habits.
- Start with $25 and keep it active (deposit at least every 5 months to avoid inactivity fees)
- Earn quarterly dividends (rate may change)
- Automatically becomes a regular Share Account at age 18
[Learn more about our Share rates.] Stop by and let an MSR help you get started!
What is a Christmas Club?
Get ahead of holiday stress by saving year-round. With our Christmas Club account, you’ll have a gift-ready stash come October.
- No minimum deposit
- No service charges
- Easy to fund via Payroll Deduction or Funds Transfer
- Continuous participation (no need to re-enroll)
- Earn quarterly dividends (rate may change)
Note: Early withdrawals before October 1 come with a fee.
[Learn more about our Christmas Club rate.] Open one when you join, or set it up in eBanking or the app by tapping your profile picture and selecting “Add an Account.”
What is a Share Certificate?
Share Certificates (aka CDs) are your go-to for stable, fixed-rate savings over a set term. With low minimums and competitive rates, you can make your money work harder.
[Check out our current Certificate rates.]
Want to open one?
- Visit an MSR
- Or in eBanking/app: go to Accounts > “+” > “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.
What is Laddering? Laddering lets you stagger certificate terms so you can take advantage of higher rates while keeping funds accessible.
[Read more about CD strategies.]
Got your eye on a Certificate Special? Call us—those can only be opened through an MSR.
What is a Money Market?
Think of it as your high-powered savings account. Our Money Market has 4 rate tiers and lets you earn more while keeping some flexibility.
Stop by to open one with an MSR, or open additional share accounts in eBanking/app: tap your profile picture and choose “Add an Account.”
[See our rates.]
What is an IRA?
An Individual Retirement Account (IRA) helps you save for your future and gives you tax perks. We offer both Traditional and Roth IRAs, depending on what fits your needs.
Curious about which IRA is right for you? Come in and talk to an MSR.