Savings Accounts

Share/Savings Accounts

The Regular Share (Savings) Account is required for membership. Share Accounts are the cornerstone of credit union membership and provide the credit union with available funds with which loans are made. Savings Accounts are known as Share Accounts at credit unions. Therefore, in order to be a WCCU member, a Share Account with a minimum balance of $50.00 is required.

Use your Share Account at Workmen’s Circle Credit Union to save for vacations, a car, school tuition, down payment on a house, or whatever is on your wish list. Deposits to a Share Account can be made by check (in-person or mail) or electronically by ACH (direct deposit). Members may have their Social Security, pension, payroll deduction (if allowed by their employer), or other electronically deposited funds scheduled to deposit at WCCU. Click here to view current Share/Savings Account rates.

Dividends are declared by the Board of Directors and are calculated on the actual daily balance in the account. These dividends are paid to the membership on a quarterly basis.

    
        Regular Share Savings Account
        Rate
        APY**
        
        With balance between $50.00 -$2,499.99
        0.30%
        0.30%
        
        With balance above $2,500.00
        0.50%
        0.50%

FREQUENTLY ASKED QUESTIONS

+ Does WCCU charge fees to maintain an account?

As long as a minumum balance of $50 is maintained and the mailing address is correct, there are no fees.
+ What is the minimum deposit?

The minimum deposit for a Share (savings) Account is $50. The $50 deposit represents your ownership in WCCU and makes you a member that can vote at the Annual Meeting.
+ Are deposits at WCCU federally insured by the U.S. Government and secure?

The aggregate total of your savings is federally insured to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government. Non-retirement funds are federally insured up to $250,000 and retirement funds, such as IRAs, are federally insured for an additional $250,000.

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Children’s Accounts

Young people are the building blocks of our future; accordingly, WCCU encourages members to open Share Accounts for their children, grandchildren, or great-grandchildren. Parents may open custodial accounts for each child under the age of 18.

Useful Links:

Forms must be printed and delivered to WCCU staff.

Membership Application
Withdrawal Form
Change of Address Form
ACH Form
Wire Request Form
Savings Calculators
Current Savings Rates

Or Call Us At: (912) 356-9225