Services

Share Savings Accounts

Regular Share Account:

  • A minimum balance of $25.00 is required. No monthly/annual service fee.
  • Payroll deduction/direct deposit available. Interest earned monthly.
  • Current interest rates vary by account balance.

Christmas Club Savings:

  • Interest is earned monthly.
  • Christmas clubs mature each year in October.
  • Early withdrawals are subject to a 5% penalty.

Vacation Club Savings:

  • Interest is earned monthly.
  • Withdrawals permitted twice a year.

Certificates of Deposit (CD’s):

  • Your credit union offers fixed rate share certificates of deposit.
  • Six, twelve and twenty-four month terms.
  • Minimum deposit is $500 for all terms.
  • Early withdrawal penalty applies.

Share Draft/Checking – Cash Back Debit Card – Transfer Funds

No cost: Our share draft checking account has no monthly service fees, no minimum balance requirements, no per check charges or hidden fees. Direct deposit allows your monthly deposits such as social security, retirement pension or payroll checks to be deposited automatically and safely into your account. Payroll deduction also offers you the convenience of having your money deposited directly into your account each pay period.

Free Master Card debit card permits you quick access to those funds. The card can be used anywhere Master Card is accepted. You are provided a PIN # (or you can pick your own) and this card can be used at any ATM for quick cash.

Home Banking – Bill Payment

With our E-Services you can view your accounts, pay bills, transfer loan payments, even view your statements and more. For information on home banking and to apply see our home banking disclosure or our bill payment disclosure for more info on that service. For some instructions on using Home Banking see our instruction letter.

Individual Retirement Accounts (IRA’s)

An Individual Retirement Account is an excellent tool for retirement savings. Contributions could be tax deductible and will grow either tax-deferred or tax-free. Direct transfers and rollovers are acceptable as well as a 401K transfer from a former employer. Dividends are paid monthly.

Traditional IRA:

Contributions are fully tax deductible if you are not an active participant in an employer retirement plan. If you have a retirement plan then phaseout rules would apply. Investments grow on a tax-deferred basis. Earnings are taxed only upon withdrawal.

Roth IRA:

Most people with earned income can establish and contribute to a Roth IRA, even after age 70 ½. Contributions are not tax deductible but contributions and earnings can be withdrawn tax-free at retirement. Unlike traditional IRA’s, you are not required to begin taking required minimum distributions after the age of 70 ½.

Education Savings Account (Formerly Education IRA):

The Coverdell ESA contribution limit is $2000 per beneficiary. While there is no tax deduction for amounts contributed to an ESA, earnings grow tax-free. These ESA funds can be used to pay qualified elementary school and secondary school expenses as well as those for higher education. The child (beneficiary) must be under age 18.

View our latest list of share fees.

Loans

Consumer 1st FCU offers its members both secured and unsecured loans payable via payroll deduction or on a monthly basis. A loan applicant must have been employed by the company or a member of this credit union at least three months before a loan can be granted OR the total of two months payments on the loan must be deposited in their share account in order for a loan to be considered. No minimum service or membership is required for loans secured by shares.

Visa Credit Cards

Consumer 1St FCU Visa credit cards offer many benefits, especially to members who carry a balance month to month. The Visa with Consumer 1ST FCU has no annual fees and no balance transfer fees. As well as, a 9.99% APR on all purchases, cash advances and balance transfers. Apply for your Consumer 1ST FCU Visa credit card today (click here to apply).