Savings

Your Credit Union has accounts to fit Members' varied savings and investment needs. Credit Union accounts carry the added benefit of Federal Deposit Insurance through the National Credit Union Association (NCUA). Signed into law in May 2009, the Helping Families Save Their Homes Act increased share insurance coverage. Accounts are now insured for up to $250,000 through December 31, 2013, per qualifying account.

For additional information on any of our accounts, please contact our Member Service Representatives Mon - Fri from 8:30 a.m. - 4:30 p.m. at (314) 982-2888 or toll free at (877) DIAL PCU, (877-342-5728), or send us an email.

Tiered Share Savings Accounts

Your Credit Union Membership begins with your share savings account. It is the perfect place to save for any purpose because the more you save, the more you earn. By opening it and maintaining a balance of $25 or more, you become a Member/Owner and are eligible for all Credit Union products and services.

Holiday Savings Account

Saving for holiday expenses is easier with a systematic savings program. Regular deposits are made to the account from October through September of the following year. The account balance is automatically transferred into your share savings account in October, just in time for holiday shopping.

IRAs (Individual Retirement Accounts)

The best time to start saving for retirement is now. An insured Individual Retirement Account can be an important component of everyone's financial plan. Credit Union IRAs are insured up to $250,000 by the NCUA. These accounts are tax deductible depending on your income.

Our Individual Retirement Account options fit well in many Members' retirement plans. Since these plans have specific income, age and withdrawal parameters, please call the Credit Union to discuss which best suits your needs.

Traditional IRA Savings Account

This IRA allows you to build your balance by making deposits at any time (up to an annual contribution cap) directly, or through regular transfers from your Credit Union share savings or checking account and requires a minimum opening balance of $25. This account is tax deductible depending on your income. If you qualify, these accounts allow you to accumulate savings tax-free until withdrawal.

ROTH IRA Certificate of Deposit

The ROTH IRA is a newer type of non-deductible retirement account. However, it provides tax-free withdrawals if the account has been held for at least 5 years and the owner is over 59 ½. The Credit Union offers two ROTH IRA investment vehicles - 12-month and 36-month certificates of deposit. Both CDs require a $500.00 minimum deposit. A substantial penalty is imposed for early withdrawal.

CDs (Certificates of Deposit)

Certificates of deposit allow you to lock in a guaranteed return on an investment made for a fixed time period. There are no ups and downs & your return is guaranteed.

Your credit union offers a term to fit every need from 6 to 60 months at competitive rates. All CDs require a minimum deposit of $1,000. A substantial penalty is imposed for early withdrawal.