Regular Savings
We encourage our members to save on a regular basis. Member savings are called ‘shares’. The interest (dividends) paid on shares are generally higher than the rate paid by other financial institutions on similar passbook-type savings.
Debit Card Account
It only takes $1.00 to open a debit card account with TRU Federal Credit Union. That’s right, just 4 quarters, 10 dimes, 20 nickels or 100 pennies will give you access to the best debit card account in the region.
Youth Savings
The TRU FCU Youth accounts start accruing dividends daily and posted quarterly once the initial $25.00 is reached. This account must have a joint owner.
Youth Debit Card Account
This is a debit card account available with an adult co-signer.
For ages 14 – 17, you can receive a Debit card or an ATM card.
Youth Certificates
The TRU FCU Youth Certificates offer a 12 month term at a competitive annual percentage rate. This account requires $500.00 to open, and may add on monthly by $100.00 increments.
Share Certificates
Another great way to save is through our Share Certificate program. Share certificates are available for 6, 12, 18, 24, 36, and 48 months. (Federal regulation require penalties for early withdrawal.)
Individual Retirement Accounts (IRAs)
Anyone who is earning taxable compensation of any age is eligible to open a Traditional IRA. The Traditional IRA is federally insured through NCUA. Dividends are paid quarterly and an annual administrative fee is assessed.
Christmas Club
Christmas time can be less hectic with a credit union Christmas Club Account. Deposits can be made by payroll deduction.
Money Market Accounts
TRU FCU offers members the best of financial services with its Money Market Investment Account. It provides the convenience of a Debit Card account and a higher rate of return like an Investment Account. The money is accessible at any time and for any reason by simply writing a check, making cash withdrawals, or through transfers to other accounts.
Dividends
As a reward for investing in your credit union, members receive attractive dividends on their savings. Dividends are announced and paid quarterly. The dividend compares very favorably with the interest paid on regular pass-book type savings accounts offered by local banks. Contact the credit union office for current dividend rates.