Our Regular Savings Account establishes your membership at Merced School Employees Federal Credit Union. You can open a regular savings account with a deposit as little as $5 and a $5 membership fee. Membership allows you to enjoy all of the services and benefits offered by MSEFCU.
This is a great way to have a separate account to help you plan and accumulate funds for a special purpose…vacation, taxes, insurance, education, etc.
This account helps you save throughout the year for your holiday expenses. You can make monthly deposits through Payroll Deduction, the mail or at any branch. The funds are transferred into your MSEFCU checking account once each year in October. The account will be automatically reopened with a subsequent deposit. To open your Christmas Club account, call our Information Desk at 209-383-5550 or 800-542-2345, ext. 155, eMail us, or stop by one of our branch locations.
This account can be used for any purpose, but is most commonly used by the 10-month school employee who does not receive two paychecks during the summer or for summer vacations. This is an annual account that commences July 1st of each year. The funds are transferred in July to your MSEFCU checking account.
With our Redi-Cash Account you earn higher interest on balances of $1,000 or more, with the flexibility to withdraw your funds at any time. A minimum balance of $1000 is required to earn dividends. The withdrawal fee is waived when you access this account through our Day and Night Teller or cu@home.
Term Savings Accounts
If a higher return on your investment is what you're looking for, our Term Savings Account could be the answer. With a $2,000 minimum balance, you can purchase a Term Savings Account for periods of 3 months through 5 years. While the Term Savings rates can change monthly, your rate is locked in for the full term the account is open.