The Credit Union offers a variety of savings and term deposit accounts to help you save and plan for your future. All of our deposit accounts are Federally Insured by NCUA up to $250,000.00
Share Accounts
Your share (savings) account represents your share of ownership in the Credit Union. This is the primary account for all members. It must have a minimum balance of $5.00 to remain an active member. Dividends are paid quarterly on balances over $100.00 and are based on the average daily balance in your account.
Share Certificates
Suburban Federal Credit Union offers 6 month and 12 month Share Certificates. The minimum deposit is $1,000. You will not be able to make additional deposits to an existing account. We may impose a penalty if you withdraw from your Share Certificate before the maturity date.
Scotty Savers
Open an account for your child, grandchild, anyone from Birth to the age of 10. Bring the child to the Credit Union to open their own Scottie Saver Account. Explain the importance of long-term savings and how the Credit Union helps by paying dividends.
Additional Share Accounts
Holiday Club pays dividends quarterly on the average daily balance. Vacation Club, pays dividends quarterly on the average daily balance.
Share Draft Accounts (Checking)
Share draft accounts are service fee free, with no minimum balance. Dividends are paid monthly on the last day of each month. The minimum daily average balance to earn a dividend is $500.00.
VISA Debit Cards are obtainable through this account. Overdraft protection is available from your share (savings) account. The share draft account is offered to members who are 18 years of age or older.
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