• SAVINGS
AND INVESTMENT PRODUCTS
All of our high-yield deposit accounts are federally insured up to
$250,000 by the National Credit Union Administration (NCUA).
Share/Savings Accounts
The initial account opened when you join VUMCU
allows you to gain membership and ownership to the credit union. Your
Share/Savings Account is an excellent place to save for the short term
or the long term. A minimum deposit of $5.00 is required to open the
account.
Special Savings Accounts
These accounts promote disciplined saving
for specific purposes, such as taxes, Christmas or vacation costs,
or any other expenses you may have. Dividends are paid on the entire
balance and there is no required minimum balance. Only one withdrawal
is allowed per quarter to encourage savings and thrift.
Checking Accounts
You don't have to pay lots of
fees to have a checking account. Sign up for a VUMCU Checking
Account and you'll enjoy lots of great benefits.
No minimum balance
No monthly service charge
No limit on number of checks written
First order of 50 checks provided free of charge
Duplicate checks
Overdraft Protection available
Reorder
checks online! Checking Supplies
Service Centers let you do business with us, but close to home! Credit
Union Service Centers
Easy internet access to accounts with CU Online
E-statements
Give you quick access to your monthly statement. These statements are available to you by the first or second day of the month; and, a friendly email will be sent to the email address you provide, to let you know when it is available. To sign up, you must have password access to CU Online.
Money Market
Individual circumstances and economic conditions may
make this service an alternative savings account. Three withdrawals
per month are allowed.
Share Certificates of Deposit
Our Certificates offer a higher dividend
than our Share/Savings Accounts and are available in terms of 6, 12,
24,
36, 48, and 60 months with a minimum of $1000 deposit.
Individual Retirement Accounts (IRA)
An IRA can help you
save for your retirement. We offer a share savings IRA that allows
a periodic deposit to grow. Once you reach $1000, we recommend
our share certificate IRA with terms of up to 5 years. Either way
it
is a great way to save!
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