Savings Accounts

Primary Savings

To become a member of Health Care Family Credit Union, you must open a Share (Savings) Account with a minimum $5 deposit. HCFCU Share Accounts function as a traditional passbook-type account, and earn quarterly interest on a $250 minimum average balance.

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Regular savings accounts are the cornerstone of sound financial management.

We are a consistent leader in savings account rates. Plus, the National Credit Union Administration (NCUA), the strongest deposit-insuring agency of the federal government, and the Excess Share Insurance Corporation (ESI), insure members’ savings to $500,000. There is no safer place to invest your money than HCFCU. With Direct Deposit and Payroll Deduction, you can have as many thrift savings accounts as you want! Deposit as much as you want as often as you want and watch your savings grow toward each of your goals – furniture, a house down payment, college, travel, gifts – the possibilities are endless!

Secondary Savings

Health Care Family Credit Union offers you several convenient, interest-bearing savings accounts designed to help you save.

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Christmas Club Account

We offer you a savings account designed to help you save for the holidays. With a Christmas Club Account you can:

  • Enjoy the convenience of making deposits with Payroll Deduction
  • Plan ahead so you don’t have to rely on credit cards
  • Earn dividends on your balance
  • Funds are automatically disbursed in October and we don’t require a minimum deposit.
  • Fees apply for early withdrawal.
Fees apply for early withdrawal.

Wish Club Account

We offer you a savings account designed to help you save for anything you wish! A new house, your dream car or even just to build your emergency fund! With a Wish Club Account you can:

  • Enjoy the convenience of making deposits with Payroll Deduction
  • Plan ahead to take the stress out of large purchases
  • Earn dividends on your balance
  • Withdrawals can be made once per month and we don’t require a minimum deposit.
  • Fees apply for frequent withdrawal.
Fees apply for frequent withdrawal.

Investments

Give your money the chance to grow safe and sound.

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Certificates of Deposit (CDs)

A Health Care Family CD is a great alternative to the volatile stock market. You’ll earn competitive rates and enjoy terms ranging from six months to five years. Try a Payroll Deduction CD for the ultimate in convenience. CDs require a minimum deposit, so call or stop by for details.


Individual Retirement Accounts (IRAs)

The future is good at sneaking up on you. Make sure you’re prepared. We offer both Traditional IRA and Roth IRA accounts. Be sure to consult your tax advisor for the tax benefits specific to your situation. Our IRA accounts are insured to an additional $250,000 by the NCUA.


Money Market Account

Members can earn great rates without sacrificing security or liquidity. That means higher yields on your deposits with the peace of mind that your funds are safe. You can even have instant access to your funds with the ease and convenience of check writing.

  • Earn Competitive Daily Interest Paid Monthly
  • Limited Check Writing Access
  • No Per-Check Charge
  • No Regular Monthly Service Charges
  • $2,000 Minimum Balance Required
  • Up to 6 Withdrawals Per Month Including Checks, Preauthorized, Automatic, Telephonic, or Auto Response Transfers
  • $100 Minimum Withdrawal By Check
  • Insured by the NCUA up to $250,000 and an Additional $250,000 by ESI

You may be losing a lot of interest if you’re keeping a sizable balance in a regular savings account at another financial institution. Consider moving your funds to an insured HCFCU Money Market Investment Account. There is no safer place to invest your money than HCFCU!

Youth Accounts

We’re committed to financial services through the years. Whether your child is a newborn or a teenager, now is the ideal time to teach the young people in your life smart saving and spending habits. It’s easy with the Wild Bunch and FasTrack Clubs!

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Wild Bunch Club

The Wild Bunch Club is for savers 12 and younger. Open your child’s savings account to help them build a life-long habit of saving and financial responsibility.

  • Special events
  • Interest earned from the first $1
  • Certificates of deposit
  • Competitive rates

FasTrack Club

The FasTrack Club is for teens ages 13 – 19 and provides their first access to a checking account and Visa Debit Card! Managing a checking account is an important life skill. Let us help you start your teen of on the right financial foot.

  • Visa Debit Card
  • Checking Account
  • Online Banking
  • Certificate of Deposit
  • Special Events

Automatic Savings

Health Care Family Credit Union has several options when it comes to automatic savings deposits.

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Reach your savings goals and set new ones.

Automatic savings, whether you prefer payroll deduction or automatic transfers, is the best way to reach your savings goals.

Payroll Deduction

When you use payroll deduction you specify an amount that will be deposited into your savings when you receive your direct deposit.

Automatic Transfers

An automatic transfer lets you decide when you transfer funds to savings and where to transfer them from. Automatic transfers can be aligned with any schedule you chose.

Savings Calculator

Consistent investments over a number of years can be an effective strategy to accumulate wealth. Even small additions to your savings add up over time. This calculator demonstrates how to put this savings strategy to work for you.

View Calculators