Accounts
-
Checking Accounts
Bank smarter with an FMFCU checking account. Choose between free checking and a checking account that earns dividends. Either way, you’ll be eligible for FREE services; you can’t go wrong!
-
Saving Accounts
Statement savings, super saver accounts, money market accounts and much more. FMFCU’s many Savings Accounts offer everyone a way to start saving.
-
Money Market Accounts
FMFCU’s Money Market Account offers tiered dividend rates. These variable yields are higher than traditional savings accounts and require no time commitment. Your funds are liquid and you can access them at anytime. Start earning more today!
-
Certificates
FMFCU certificates offer a great way to save a short- and long-term needs. Terms vary from 3 months to 5 years and our certificate products offer high yields. Unlike some other investment options, your funds are insured by NCUA.
-
IRA Accounts
A wise choice and great addition to any retirement saving strategy. Whether opening a new IRA, or rolling over from another plan, FMFCU has a retirement account that will fit your needs.
-
Direct Deposit
Payroll checks, federal tax refunds, and Social Security checks can be directly deposited into a FMFCU checking or savings accounts. Whether the entire check or a portion of the check is deposited, the set up is simple.
-
Savings Bonds
Savings Bonds are a great way for both adults and kids to save money. Some companies even make purchasing them part of a payroll deduction. EE Bonds are reliable, low-risk government-backed savings products that you can use toward financing education, supplemental retirement income, birthday and graduation gifts, and other special events*. You can purchase them in denominations of $50, $75, $100, $200, $500, $1,000, and $5,000. They are sold to you at half their face value. For example, if you want a $1,000 bond, you pay $500 and then over the course of time, your interest accrues until it matures.
I bonds are an accrual type bond and are purchased at face value. I Bonds are a low-risk, liquid savings product. While you own them they earn interest and protect you from inflation*. The interest is added to the bond monthly and paid when you cash the bond. Denominations available: $50, $75, $100, $200, $500, $1000, and $5000.
You can redeem bonds anytime, but in the first five years, you’ll forfeit the three most-recent months’ interest. If you redeem after five years, you won’t be penalized.
How to redeem them through FMFCU
You do not have to be a member of FMFCU to redeem them. Stop in any FMFCU branch.
Purchase Electronic Savings Bonds at TreasuryDirect.gov
The U.S. Department of Treasury announced it eliminated over-the-counter sales of paper savings bonds on December 31, 2011. Paper bonds are no longer being sold at financial institutions, including Credit Unions. Electronic Savings Bonds will remain available to members for purchase through Treasury Direct (treasurydirect.gov), a secure web-based system operated by the Bureau of Public Debt.
* Excerpt extracted from TreasuryDirect.gov