Whether you are saving for a special purchase, the holidays, a second honeymoon, or your retirement, G.A.P. Federal Credit Union is here to help you with various savings plans to meet your particular needs. The choice is yours!
By opening a Regular Share Account you become a valued member of our credit union family and play a critical role in determining how you want to build your financial future and what resources you will use. You can play an active role in developing your foundation for the future by attending annual meetings to share ideas with credit union employees and other members. A minimum balance of $5.00 is required. Dividends are paid on balances of $50.00 or more.
FEDERAL REGULATION D – Regulation D impacts the number of transfers G.A.P. Federal Credit Union may allow on your deposit (savings) accounts. Click HERE for more information.
“Stork” Club Accounts – Are you expecting a new “Bundle of Joy”? Mom, dad, grandma, grandpa let us know when your newest “little member” arrives and we will start their very own share account by depositing the first $5.00. When our kit arrives, just follow the instructions and return to us. Children are the Members of the Future!
To open any of the following “sub” accounts, simply contact any one of our offices.
Special Share Accounts – These accounts are commonly referred to as “sub” accounts and are treated just like your regular share account, but kept separately for vacations, taxes, insurances, or just a “rainy day”. There is no minimum balance required, and deposits and/or withdrawals are at your discretion. Contact us today and start saving for that something “special”.
Money Market Share Accounts – G.A.P. FCU Money Market Accounts allow you to earn higher dividends without limiting accessibility to your funds. These funds are federally insured by the National Credit Union Administration up to a total of $250,000.00 for all shares. Rates are reviewed and can change on a monthly basis.
Minimum balance to open: $1000.00
Minimum withdrawal or transfer amount: $500.00
Transaction Limits: A maximum of three (3) withdrawals or transfers per month are permitted. If the transfer limitations are exceeded, your account may be closed.
Christmas Club Accounts – Don’t be a Grinch next Christmas because you didn’t open a Christmas Club! Start Now! It’s never too late! Deposits can be made at either of our offices, by mail, or payroll deduction. About the third week in October, the funds will be mailed to you, held for you to pick up at our office, or transferred to your account. Withdrawals prior to this time could result in the closing of this account. It’s as simple as that! So don’t let those holiday bills overwhelm you, contact us and open your Christmas Club Account today!
Share Certificate of Deposit – Looking for ways to make more money safely? G.A.P. Federal Credit Union’s Share Certificate of Deposit is a federally insured way to do just that. A minimum deposit of $500.00 is required to open and you can choose from a variety of terms and interest rates. Dividends are paid monthly or quarterly depending on the term, and can be mailed to you, or deposited directly to your certificate or share account. A penalty will be charged if funds are withdrawn before certificate matures.