Accounts For Every Need

Savings Accounts (Share Savings)

Start saving today

Share Savings Accounts are a great way to earn interest on your money and take advantage of the benefits of credit union membership.

Benefits include:

• Voting rights within the credit union for those over 18 years of age (primary member only).   
• Build your savings quickly with competitive dividends earned on your entire balance.
• You can manage your account conveniently and easily with online banking.

Savings Rates Fee Schedule

Checking Accounts (Share Draft)

A checking account that fits your needs

Our Share Draft Checking Account offers you convenience and flexibility and it's free with no minimum balance. 

Features

• $25.00 deposit to open 
• No minimum balance required
• No monthly service charges
• Dividends can be earned with balances above $2,000
• Easy and convenient ATM and online access
• Overdraft transfer protection from a savings account, money market or line of credit
• Overdraft privilege service 

OVERDRAFT PRIVILEGE

VISA Debit Card

• Withdraw your cash worldwide at any Visa PLUS or NYCE ATM*
• Make purchases anywhere Visa is accepted
• No annual or monthly fees!
• Get notified by text, email, and phone call when any fraud activity is detected!
• Choose a secure PIN number at any community office or any MVFCU-owned ATMs
• Set up account alerts through Online Banking to get alerts when debit card transactions clear

VISA DEBIT CARD APPLICATION

*Surcharge fee(s) may apply at non-MVFCU ATMs. Must know your current PIN to access this feature. Refer to the MVFCU Fee Schedule for any associated fees.

Certificate Accounts 

Grow your savings safely and securely

You can invest any amount of $400 or more, and choose a term that works best for your savings goals. 

Additional Details

• Terms available from six months** to five years
• Minimum balance of $400
• Dividends are compounded and paid** quarterly at a locked-in rate
• Statements are received quarterly
• Early withdraws are subject to a penalty on earned dividends

**6 Month Term Certificate pays at Maturity only.

Money Market Accounts 

Start Saving Today 

Have extra money to put aside? You could be earning higher dividends while still  having access to your funds. 

Our Money Market Account requires a $2,000 minimum balance to open and a $2,000 minimum balance to earn dividends.  Dividends are computed daily and paid monthly. Money Market accounts pay higher dividends, and they are considered low-risk, high-security investments.

• Build your savings with only a $2,000 minimum balance to get started
• Earns higher dividends 
• Easy access to your funds anytime.  See Member Account and Agreement Book for more details.

Retirement Accounts

It's Not Too Late to Start Planning

Whether retirement is near or far, we offer Traditional, Coverdell, and Roth IRA Shares and Certificates to help you save for your future.

• Save for retirement or educational expenses
• IRAs are individually NCUA insured up to $250,000
• Set aside up to $6,500 (for 2023) and $7,000 (for 2024) if you are under age 50
• Set aside up to $7,500 (for 2023) and $8,000 (for 2024) if you are age 50 or older
• Contributions may be tax deductible*

*Recommend you consult a Tax Professional about tax deductions.

 IRAs are individually NCUA insured up to $250,000. Interest and Dividend Rate Sheets, Brochures and Applications for specific services and products and Fee Schedules are available at any MVFCU office. MVFCU waives the fees of some services for senior citizens age 60 and over.

New/Minor Child Account

Let us help you start saving for your child today

We have a New Child benefit that contributes $10 to an account opened for a newborn up to one year old.

As our gift to you and your child, we will add $10 to his or her new account either to bring the deposited amount up to the necessary $25 or add it to the $25 deposit you use to open the account.

• At least one adult joint member.
• The minor must meet CIP requirements (Two forms of ID) and be able to sign the Account Card to have account access.
• If the minor will be primary:
  • The adult joint must be a parent or legal guardian. This is due to the tax liability falling under the minor member's SSN.
  • Use birth certificate or guardianship paperwork as documentation to prove parentage/guardianship.
• If the minor will be joint:
  • The adult can be a non-parent/non-guardian who accepts liability for the account.
• A minor's legal guardian, whether or not he or she is joint on the account, may restrict withdrawal privileges.