Frequently Asked Questions
- How do I open a Savings Account?
- What is the minimum opening deposit?
- Can I have more than one Savings Account?
- Do you have accounts for children?
- How are dividends paid?
- How can I earn a higher rate of interest?
- Can I open an account with People First FCU if I am on ChexSystems?
- Can I use my savings account to cover overdrafts on my checking account?
New members opening a Primary Share/Savings account may open their account online or at any branch. Holiday, Vacation, and Special accounts can be opened at any branch or by calling the Member Service Center.
The minimum opening deposit for a Primary Share/Savings account is $5.00. There is no opening deposit required for any other Savings account.
Yes, you may establish as many as you like.
It is never too early to teach your children the importance of savings. A People First FCU PUTMA Account may be the perfect tool to educate your children on financial responsibility. With a PUTMA account you are in control of the funds.
Here is how it works:
Your child is the account owner and the account is opened with the child's social security number, but a parent, grandparent or other adult (18 years and older) is named as custodian. Of course the child can make deposits to the account, but only the custodian can make withdrawals. You, as the custodian, control the account until the child is 18 years old.
Dividends are compounded and paid monthly.
A Money Market Account lets you earn a higher rate of interest on balances of $2,500 or more. Also, if you don't need immediate access to your funds, consider a Share Certificate.
We verify all new accounts through ChexSystems. Please inquire at any People First FCU branch or call our Member Service Center for our ChexSystems guidelines.
Yes. Our overdraft protection features automatic transfers from your regular savings account to your checking account as needed, subject to Regulation D. Learn more about Overdraft Protection.
At People First FCU we are improving the accessibility and usability of our website for our members and potential members. Our efforts are based on the standards for Web Content Accessibility Guidelines (WCAG) 2.1. It is our policy to ensure that persons with disabilities have full and equal opportunity to benefit from our services on our website and on other online services. If you have any questions or need help with any content on our website or online services, please contact us at firstname.lastname@example.org or by calling our Member Service Center at 610.797.7440.
Your savings are federally insured to at least $250,000 by the National Credit Union Administration and backed by the full faith and credit of the U.S. Government.