Membership Savings Account
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.