Credit Union Accounts
Sweet Home Federal Credit Union offers a wide variety of share accounts to help you save and plan for your future. All of our members’ share accounts are insured by the National Credit Union Administration up to $250,000.00.
Share (Savings) Accounts
The minimum deposit for a share (savings) account is $5. After depositing at least $5 into a share account, members may take advantage of any of our services. Any account having no activity for a period of 1 year will be assessed a dormant fee of $15 per quarter. In order to avoid this fee, accounts must have a withdrawal, deposit or transfer posted to their account. Accounts with a mortgage, loan, certificate or IRA are exempt from this policy. Please call the credit union for questions regarding this policy.
Share Draft (Checking) Accounts
No minimum balance requirements, no monthly fees, no per check charges, first set of checks are free. Electronic deposit/payroll deduction of your paycheck is available. We do offer overdraft protection for your share draft accounts.
Holiday Club
Make saving for the holidays painless! Employees of the Sweet Home Schools may have Holiday Club deposits taken from their paychecks. Members not employed by Sweet Home Schools may make deposits at their convenience. Funds will be available in early November.
Summer Savings Club
Save for summer vacations, home improvements, bills or anything! Employees of the Sweet Home Schools may have Summer Savings Club deposits taken from their paychecks. Members not employed by Sweet Home Schools may make deposits at their convenience. Funds will be available in early July.
Mini Savers Club
Our youth savings program, the Mini Savers Club, is offered at all of the elementary schools in the Sweet Home Central School District. This program will teach your child about the importance of saving while making it fun! To take part, parents must first complete a credit union membership application for the student (including a copy of the adult’s driver’s license) and make an initial deposit of at least $5.00. Participating students will receive a coin pouch. They will then be able to make deposits to their accounts right at school! Deposits will be picked up at Heritage Heights and Maplemere on Tuesdays, Glendale and Willow Ridge on Thursdays. Have questions? Call the credit union at 691-9187 today!
IRAs
We offer two types of IRA’s. Type A (Accumulative) may be opened with as little as $25.00. The interest is compounded and paid quarterly. Type SC (Share Certificate) may be opened with a minimum contribution of $2,000. This is a 12-month IRA share certificate with interest compounded and paid monthly. The Type A IRA may be converted to a Type SC IRA when the total reaches $2,000 or more.