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Memorial Employees Federal Credit Union encourages all its members to save their money by providing a variety of options to accomplish their goals. With the many options available, we are sure to meet the needs of all our members. We accept Direct Deposit and Payroll Deduction which provides a convenient and easy way for you to deposit money into various accounts with the Credit Union.

All of our share accounts are federally insured to at least $100,000 by the National Credit Union Share Insurance Fund (NCUSIF), which means that your money is safe! This fund is administered by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.

Take a look at the different types of accounts we offer, and feel free to contact Member Services if you would like more information.


Share Accounts  (Savings)

This is the basic required account you must have to be a member of Memorial Employees Federal  Credit Union. You must always keep a $5 balance in this account to maintain your membership in good standing and  receive the current dividend rate, which is paid monthly. 


Club Accounts

Our Holiday Club Account offers a great way to save money for the holidays! Open your Holiday Club Account anytime and make deposits through direct deposit, payroll deduction, mail, or in person. There are no minimum balance requirements. You money will automatically transfer to your regular savings account and be available on November 1 each year.

Our Vacation Club Account offers you another way of saving money. Whether you plan to go to a tropical paradise, to take a ski trip, or take the kids to Disney World, this account offers you the ability to save weekly, bi-weekly, or monthly. For your convenience, money can be deposited through payroll deduction or direct deposit.  Your funds will be transferred into your regular savings account in April each year.


Share Certificates (CDs)

Take the risk out of investing with a Share Certificate. A Share Certificate is a great way to invest your funds and earn a higher return than most Savings Accounts. We offer several terms, one of which is sure to fit your financial plan. Click here for our current rates.


Money Market Accounts

Watch your money grow with a Money Market Account. Enjoy the flexibility and liquidity of a savings account while earning higher dividends. You may write up to three checks per month and pay no monthly fee when you maintain the minimum balance.

 

Minimum Balance

APY*

Money Market

$2,500

1.15%

Advantage Money Market

$10,000

1.50%

Advantage Plus Money Market

$25,000

2.00%

Elite Money Market $50,000 3.00%
*APY (Annual Percentage Yield) accurate as of 8-13-08 and subject to change without notice. Certain account limitations apply. See Credit Union for details. Fees may reduce earnings.
 

 


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