You know what you want. You know how much it costs. Now all you need to do is figure out how you're going to pay for it. And that requires saving.
Your goals often dictate which savings vehicles are best. Are you saving for a long-term goal--college--or for a short-term goal-a family vacation? Is waiting a year or two an option? Here are some custom savings accounts and ways you can use them to meet your goals and help you budget for seasonal needs while earning dividends.
If you buy gifts for friends and family at Christmas and don't have a Christmas Club are you buying those gifts on credit? Just think, you might still be paying for purchases that you made several years ago. Make shopping easier and less stressed by opening your Christmas Club. Use automatic payroll deduction to deposit a small amount each pay check and watch your Christmas budget grow with little effort. Then on October 1st each year the balance will automatically transfer to your primary share account and will be availalbe for withdrawal. Giving you 90 days to complete your shopping.
Design your custom savings account for any special need or future project, short or long term, such as vacation, wedding, taxes, back-to-school or a new kitchen for your home. This account is designed to separate your regular share account from your special savings projects and to help you budget for a future goal. You won't have to worry about how you are going to pay back your credit cards because you planned ahead and saved smart!
The club accounts have the same dividend rate of your shares account but may have limited withdrawals per year to encourage saving. A $5.00 minimum balance is required to open a club account.
These accounts are designed to help you budget for a future goal. The club accounts have the same dividend rate of your shares account but have limited withdrawals per year to encourage saving. If you need an early withdrawal from any of these accounts you may be subject to an early withdrawal penalty of any or all dividends associated with this account.
*Home Equity Loans – APR = Annual Percentage Rate. Rates as low as 3.99% for up to 60 months. Actual rate may vary based on credit worthiness and the terms of the loan. Your rate can be higher depending on credit performance. Financing up to 80% of the appraised value of primary residence is available. Rates are subject to change without notice. Home Equity loans currently financed through the credit union may be subject to additional processing fees. For a limited time, FEFCU will pay all processing fees up to $400. Processing fees include appraisal, flood determination, title search, title insurance, mortgage document preparation and recording fees. $400 based on a $43,000 loan on a primary residence located in Summit County. Additional fees may apply based on amount of loan and county in which the primary residence is located. To qualify for the limited time, "Low Fee" special you must draw $30,000 for your first advance for 36 months. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. If you pay-off the loan for any reason within 36 months, a $400 fee reimbursement charge will apply to reimburse processing fees. NMLS ID: 813333
1 - Vehicle Loans – *APR = Annual Percentage Rate. Rates as low as 2.99% for up to 60 months. Actual rate may vary based on credit worthiness, age of vehicle and the terms of the loan. Your rate can be higher depending on credit performance. Financing up to the NADA average retail value of the vehicle is available. Rates are subject to change without notice.
*Vehicle loan gas card – This offer is valid only for loans over $10,000 with a minimum term of 24 months. Loans currently financed with FEFCU are not eligible for this offer.