Savings & CDs

Savings & CDs
Benefits header

Savings and CD accounts include the following FREE services:

Savings Account

Membership Savings Account

Dream Big – Save Big

Your ELCA Federal Credit Union Regular Savings Account is your gateway to credit union membership and services, including interest rates that beat many other financial institutions. When you join the credit union, you join a community whose members invest in each other.

  • Become a member by opening a savings account with as little as $25
  • Remain a member by maintaining a balance of at least $25; it's your deposit and ownership share in the credit union
  • Deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • Your money stays local and services other members of your faith community

As part of a not-for-profit financial cooperative, you’ll see your savings translate into lower rates for loans and credit cards, reduced fees and enhanced services. Also, your savings may become a loan that allows another member to buy a new car, pay tuition or meet some other household expense. 

Christmas Club

Christmas Club Savings Account

A Debt-free Christmas

Make your Christmas merrier with a Christmas Club Savings Account. By setting up an automatic direct deposit to this account, you will be prepared for holiday shopping at the end of the year. Funds from your Christmas Club Savings Account are automatically disbursed to your Regular Savings Account the first week of November.

Use your free ELCA Federal Credit Union MasterCard Debit Card to buy Christmas presents without incurring credit card debt. Your Christmas will be paid in full before the presents are opened!

Certificates of Deposit

Certificates of Deposit

Stash Cash for Bigger Earnings

Earn a higher rate of interest on your savings with a Certificate of Deposit. CDs are available in terms ranging from 12 to 48 months. Your CD investments earn a fixed rate throughout the term and can be automatically renewed.

Subscribe to Savings & CDs
"We like to put our money where our mouth is, so to speak, and we felt this was a way we could save for our goals in a more faithful way."
Kyle Severson | Pastor, St. Philip Lutheran Church Glenview, Illinois

Mobile App: Account Access Whenever, Wherever


With our mobile app available for Android, Apple and Kindle devices, you can:

  • Deposit checks using Mobile Deposit Capture*
  • Search for a free ATM nearby
  • Pay bills
  • Transfer funds to/from internal and external (A2A) accounts
  • Send money to anyone by text or email using Person-to-Person payments (P2P)
  • Sign up for eAlerts and much more

*First-time mobile deposit users must complete a brief enrollment process. Launch our app, select Mobile Deposit and then click Sign Up to enroll.  New users are typically approved by the following business day.  Normal check-hold policies apply.


Download from Ap Store  Download from Google Play

Free Online Banking: Freedom to Bank from Wherever You Are


Every ELCA Federal Credit Union feature is at your fingertips, quickly, securely and completely free with It’s Me 247 online banking.

  • Access all of your account details online, including account balances, pending transactions and a complete transaction history with links to images of checks
  • Transfer funds between your savings and checking accounts, credit cards and loans
  • Open a checking account, secondary savings account or CD
  • Apply for a loan or credit card
  • Get your free monthly eStatement online as soon as it’s ready. No waiting for the mail. And because it’s paperless, it’s the green way to bank.
  • Set up free eAlerts to let you know if an account balance is low or high, when an automatic withdrawal or deposit is made or when a loan payment is due
  • Complete Member-to-Member (M2M) transfers, which allow you to transfer funds immediately and directly to other ELCA Federal Credit Union members
  • With Account-to-Account (A2A) Transfers you can link your ELCA FCU account with your accounts at other financial institutions and transfer funds to and from these accounts free of charge.
  • Quickly and easily transfer funds to anyone using Person-2-Person (P2P) payments. All you need is an email address or cell phone number. This service is free of charge and in most cases, the money arrives in just a couple of days. Must be enrolled in our free bill pay.

Free Bank by Phone with CU*Talk



Access your account information 24/7 with a simple phone call. It’s a quick and convenient way to access your credit union accounts and many credit union features.

Use CU*Talk to:

  • Check balances
  • Transfer funds between accounts
  • Hear recent account activity such as recently cleared checks

CU*Talk is available in English and Spanish and it’s completely free. 



Stay on top of your finances by enrolling for eAlerts.  Receive an email or text message to notify you of any of the following:

•    When your account balance is above or below a designated threshold
•    When an ACH deposit or withdrawal occurs
•    Loan payment due date  
•    General account notices for overdrafts, CD maturity and more


Free eStatements


Enroll online now to receive eStatements – the faster, greener, paperless way to track account activity. Your 12 most recent eStatements will always be available online and at the beginning of each month, you’ll be notified by email when your eStatement is ready to view or download. Download your account information into your choice of Microsoft Money, Intuit Quicken, or Intuit Quickbooks and CSV format. Also available is the legacy file version (QIF) for use in older programs.

Enroll now! 

Paper statements are available for $1 per month to cover printing and postage costs.