Statement Savings and Super Saver Savings Account*FMFCU's Statement Savings and Super Saver Savings Accounts offer everyone a way to start saving. These accounts are "share accounts" and represent each member's piece of ownership in the Credit Union. To establish membership, one of these savings accounts are required.
*Effective June 2007 the Super Saver Savings Account became the primary savings account for new members (over the age of 18) when they join and became available to all existing members. Limit one per member.
Coverdell Education Savings AccountLooking for a way to save for your child's education? The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals to pay for a child's education expenses from primary school through graduate school. This account offers you:
Custodial Savings AccountsIt is never too early to teach your children the importance of savings. An FMFCU Custodial Savings Account may be the perfect tool to educate your children on financial responsibility. With a custodial account you are in control of the funds.
Here is how it works:
Your child is the account owner, but a parent, grandparent or other adult (18 years and older) is named as custodian. Of course the child can make deposits to the account, but only the custodian can make withdrawals. You, as the custodian, control the account until the child is 21 years old.*
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