SAVINGS
Share Savings
- In credit union language, this is your savings account.
- The credit union requires a $5.00 deposit to your primary savings account, which remains on deposit to insure your membership privileges.
- Dividends are compounded daily and paid monthly.
Share Certificates
-$1,000 minimum deposit.
- Dividend are compounded daily and paid monthly.
- Choose to have dividends posted to your savings account, an interest check mailed to you monthly, or re-invest dividends in your certificate.
- Member may invest in a 90 day, 6 month, 1 year, 18 month, 2 years or 3 years in a savings certificate.
- Penalty for early withdrawals
- After certificate is opened, the dividend rate is fixed for the term.
Money Club Accounts
-Tiered dividend accounts, paying higher rates the more you have in it.
- Minimum opening balance is $5,000.
- Dividend is paid on average daily balance paid monthly.
Club Accounts
- We offer both Christmas and Vacation Clubs.
- The Christmas Club pays out the second Tuesday of October.
- Vacation Club pays out the second Tuesday of June.
- No withdrawals allowed.
Kids Club
- Little Peoples Federal Credit Union is a kids club for ages 5 to 12.
- Dividends are compounded daily and paid monthly.
- Works just like a share savings account, but rewards are given for saving.
At Peoples Federal Credit Union your savings are federally insured to at least $100,000 by the National Credit Union Administration, an agency of the U.S. government.
Click here to find out what our current savings account rates are on the savings products listed above.
CHECKING
Regular Share Draft/Checking Accounts :
-Free starter checks
-Checks offered at a reasonable price
-No per check fee
-Free Visa check card
-Unlimited check writing
-Optional Overdraft Protection to cover potential overdrafts ($3.00 Fee)
-No monthly minimum balance
-Dividends are compounded daily and posted monthly
-Monthly statement to document account activity (includes all other accounts) E-Statements are now available
Business Share Draft/Checking Account:
-Must show proper documentation such as a business license or operating permit linking member with the business name to authorize a DBA (doing business as) checking account
-Non-interest bearing
-No monthly minimum balance
-No per check fee
-No monthly service charge
-Free Visa check card
-Unlimited check writing
-Optional overdraft protection to cover potential overdrafts ($3.00 Fee)
-Monthly statement to document account activity (includes all other accounts)
Click here to find out what our current checking accout rates are.
Click here to check out our checking account fees.
IRAs
Peoples Federal Credit Union offers two investment plans to choose from:
1. IRA Savings - We offer Traditional, Roth and Coverdell Educational
-Dividends are compound daily and posted monthly.
2. IRA Certificates - We offer 1-, 2-, and 3-year Traditional and Roth IRA Certificates.
- $1000 minimum deposit.
- Dividends are compounded daily and posted monthly.
- Penalty for early withdrawals
- After the certificate is opened, the dividend rate is fixed for the term.
Click here to find out what our current IRA rates are.
LOANS
-Auto (New and Used)
-Home Mortgage
-Home Equity
-Share Secured
-Consumer
-Property
-Home Furnishings
-Electronics & Appliances
-Boat
-RV
Click here to find out what our current loan rates are.
INSURANCE
We offer the following types of insurance here at your credit union...
-NCUA
-Credit Disability
-Joint Loan
-Loan Life
-Accidental Death and Dismemberment
-Cancer
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