TVFCU offers members two types of deposit accounts - share accounts and Share Certificates. Both types of accounts are opened under your member number.
Our Board of Directors set the dividend rates quarterly. Dividends are paid to all savings accounts on the last business day of March, June, September and December.
All members are required to maintain a minimum deposit of $5.00 in their share account. Share accounts earn dividends at a rate established by the TVFCU Board of Directors. The rate is based on the earnings of the Credit Union for that period. Statements reflecting transactions and resulting balances in your account will be mailed to you quarterly. You are required to have a primary share account, but may have additional share accounts under the same membership number. If you wish, you may designate a joint owner of this account.
You are required to have a savings account at TVFCU to be able to take advantage of the many other services available such as a checking account, loans, debit card, and many others.
One of the many convenient services available to our members is a share draft checking account. Checking at TVFCU is free! There is no minimum balance requirement and there is never a monthly service charge or per check charge. The only fee to you is the cost of your checks. Prices for checks vary depending on personal style.
Canceled checks are not returned to you, yet you may request copies of canceled checks, which are available for a seven year period for a minimal charge. For easy reconciliation, you can expect to receive a monthly statement of activity concerning your share draft account.
Overdraft Protection, (Loan 8), is a good idea if you have a share draft checking account. Should there ever be insufficient funds in your share draft account for a check you have written, the Overdraft Protection will cover that check up to the agreed amount on your loan application. You will not be charged interest if you do not use your Overdraft Protection, (Loan 8). Interest only begins accumulating when the Overdraft Protection is activated. There is a $30.00 fee for insufficient funds in your share draft account, if you do not have Overdraft Protection, and also when the funds in your primary share account are unable to cover the check amount.
A Share Certificate is a bond-type investment issued by TVFCU when you deposit a certain amount of money for a determined amount of time. Share Certificates are available for terms of 6, 9, 12, 24 or 36 months. The minimum balance for all the Share Certificates we offer is $500.00.
Dividends are paid on the last business day of the month, as per the terms of the individual certificate.
TVFCU offers a number of club account options to provide you with other methods to save your money. Deposits may be made into a club account in any amount or frequency. You can make deposits through payroll deduction, over our counters, by mail, transfer by telephone or Internet from another share account.
For information on how to buy a gift savings account for someone else on TreasuryDirect please click here.
*As a result, Bond-A-Month suffixes may no longer be opened at TVFCU.*
The holidays have a way of sneaking up on all of us. The Christmas Club allows you a way to save for the holiday season. You are able to deposit funds into your Christmas Club account but not withdraw them, unless you decide to close the account. Christmas Clubs may be opened anytime during the year. All funds can be transferred to your Primary Share 0, Secondary Savings 3, Secondary Savings 5 or checking account. Transferring the funds into another account allows the funds to be available for use on October 1st. Click here for the Christmas Club transfer form to have your Christmas Club funds transferred to another account suffix and available for use on October 1st.
Need some help saving for that dream vacation? The Vacation Club at TVFCU is similar to the Christmas Club in that you can deposit funds but may not withdraw them, unless of course you decide to close the account. You may open a Vacation Club anytime during the year and all funds will be transferred to your savings account on July 1st of the following year. Just in time to hit the beach!
There are no penalties for closing any club accounts or share direct accounts early but they cannot be reopened until the next cycle. All unpaid dividends and privileges will be forfeited.