Savings and Checking Accounts

Checking Accounts:

Checking accounts at 1^st Valley Credit Union offer all the same benefits of big bank checking. Every 1^st Valley Credit Union Checking Account offers you the security of the Chip-Secured Visa® Debit Card. Our 24/7 fraud detection will always keep your funds safe and secure. All accounts are NCUA insured.

A variety of checking accounts are available depending upon your individual needs:

1. Prime Checking (Our most popular)

• • $50.00 deposit required upon opening account
  • NO fee’s with E-Statement enrollment
  • No dividends earned

2. Premium Checking

• • $5.00 monthly fee
  • $1000.00 minimum balance to waive fees
  • $1000.00 to earn dividends
  • $100.00 deposit required at opening
  • Free pre-printed checks

3. Heritage Checking (Members 55 and over only eligible)

• • $100.00 deposit required
  • No fee with qualifying direct deposit
  • 1 free standard box of checks per year

Convenient Features

• No Bounce Program
• Overdraft protection

Savings Accounts:

• Prime savings
• $50.00 minimum deposit required
• One-time $5.00 fee
• Monthly maintenance fee waived when signed up for E-Statements
• $2.00 fee for excess withdraws
• Youth Savings (Members 26 years and under)
• $25.00 minimum deposit
• No monthly maintenance fees
• Christmas Accounts
• $5.00 minimum deposit
• Eligible for automatic deposits
• 10% fee of balance for early withdraws
• Disbursements are made the first week of October each year

4. Vacation Account

• • $5.00 minimum deposit
  • Eligible for automatic deposits
  • 10% fee of balance for early withdraws
  • Disbursements are made the first week of June each year

Certificates:

Certificates are very similar to regular savings account. Where they differ is the accessibility of funds. Regular savings allow you to deposit and withdraw funds at any time whereas the funds in a certificate account are not available until the certificate matures. The benefit of a certificate account is the number of dividends earned. They are usually much higher than a regular savings account and the rate is fixed for the length of the agreed term.

Contact the credit union for details.
All certificates are NCUA insured up to $250,000.00

IRA Accounts:

Whether you are young or old an IRA is a way to save for your future. An individual retirement plan allows you to save money for retirement in a tax advantage way.

A Traditional IRA is a tax-advantage personal savings plan where contributions may be tax deductible.

A Roth IRA is a tax advantage personal savings plan where contributions are not deductible but qualified distributions may be tax free.

See Individual Retirement Arrangements (IRAs) | Internal Revenue Service (irs.gov) for more information

Contact the credit union for details.