SFCU Savings Accounts
Regular Share Savings
A minimum balance of $50 is required to maintain an account and secure membership
in the Credit Union. A minimum balance of $101 is required to earn dividends.
Daily dividends are compounded and paid quarterly.
Payroll Deduction or Direct Deposit
can be used to make regular deposits. The first $100,000 of your deposit at
Summit Federal is federally insured by NCUA.
Click here for a full explanation of the NCUA insurance. We also carry
additional insurance for our members savings through ESI. ESI is a private
insurance for savings in excess of $100,000 to $250,000. Start securing your
financial future right now!
Club Savings Accounts
We have Club Accounts for every occasion. Set aside money for upcoming
expenses, separate from your Savings Account. Club Accounts earn the same
Daily Dividends as Regular Savings, and you can withdraw the money
whenever you need it. A little each pay really adds up! Choose from a Christmas
Club, Vacation Club, Education/Tuition Club, Tax Club, Insurance Club, or a
Special Club (for any other good reason you may want to set money aside). Use
Payroll Deduction or Direct Deposit
to make deposits regularly and have that money when you need it.
Youth Savings Accounts
We have special incentives for our younger members to save. Our members ages 0
- 11 are referred to as Summit Mountaineers. Anyone in this age group who opens
a new account will receive a gift! With every deposit of $25.00 or more, they
receive an entry form for our annual drawing for a Gift Certificate to Toys R
Us. And with every deposit, Summit Mountaineers receive a gift. What a
great way to get started on the road to a great financial future! Members ages
12 - 17 are our Victory Climbers. Anyone in this age range who opens a new
account will also receive a gift! With every deposit of $25.00 or more, they
receive an entry form for our annual drawing for two Geauga Lake tickets. And
with every deposit, Victory Climbers receive a gift. Club Accounts earn
the same Daily Dividends as Regular Savings,
and you can withdraw the money whenever you need it. All children in these age
groups receive a special newsletter designed just for them. We waive our usual
membership fee for anyone under age 18.