Savings Accounts

Saving is easy with FFCU

Every FFCU membership comes with a regular savings account. With an FFCU regular savings account, you're not only a member, but an owner of the credit union. You earn dividends on the first dollar of savings, and there are no monthly maintenance fees!

You can use the equity in your home to help you pay for home improvements, cover educational costs, consolidate your debt, and more.


Your home is probably the largest purchase you'll make in your lifetime, and you've worked hard to gain equity in that investment. Put your equity to work for you to fund that home improvement project you've been dreaming of, consolidate and pay off bills, pay for larger purchases like college or a wedding - or just have access to money for emergencies. Our flexible Home Equity loan options give you the ability to choose the funds you need, when you need them. Plus, with No Closing Costs on most equity loan options, we make it easy to get fast access to that cash!

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Savings Accounts

Saving is easy with FFCU

Every FFCU membership comes with a regular savings account. With an FFCU regular savings account, you're not only a member, but an owner of the credit union. You earn dividends on the first dollar of savings, and there are no fees!

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Saving Accounts

Saving is easy with FFCU

Every FFCU membership comes with a regular savings account. With an FFCU regular savings account, you're not only a member, but an owner of the credit union. You earn dividends on the first dollar of savings, and there are no fees!

ATM Card Availability


Access to an ATM account allows members to withdraw or deposit money at any time.

Low Balances


Friendly Federal Credit Union only requires a balance of $5 to maintain a savings account.

FREE Online & Mobile Banking


When you're on the move, there's nothing like being able to access your accounts from wherever you are.

Makes You A Member-Owner


Opening a regular savings account with FFCU makes you a member-owner. That's the Credit Union difference!

Whether you need to deposit a check from home, make an online bill payment, or instantly transfer funds, you can manage your accounts from wherever you are at any time.

When you switch to a Friendly FCU free checking account, you're making a wise decision and enjoying the benefits of this low-cost financial service.


Just look at these cost saving features:


  • NO monthly service charge


  • NO minimum balance required


  • Instant record of all transactions. Each time you write a share draft, you get an exact duplicate on the attached carbonless duplicate copy


  • Monthly statements


  • Free debit card


  • 50 FREE checks when you open your account

Saving is easy and convenient at Friendly Federal Credit Union. We offer a variety of savings plans to suit your individual needs.

When you open a Friendly FCU savings account, you'll find that our APY (annual percentage yields) are extremely competitive. Dividends are earned daily, compounded and paid quarterly on accounts that have a balance of 100% or more. Also, all savings products are insured up to $250,000 by the NCUA, a U.S. Government Agency.


Deposits can be made by:


  • Payroll deduction


  • Mail (checks or money orders only)


  • At our Aliquippa or Baden Office


  • Direct deposit


Just look at these cost saving features:

  • Offers free ATM transactions at FFCU's Aliquippa location


  • Friendly FCU only requires a minimum balance of $5


  • Free online and mobile banking that gives you access to your accounts 24/7 no matter where you are


  • Establishes you as a member-owner of FFCU


  • Schedule auto transfers to make saving easy


  • Free statements


  • Contactless Visa credit card with no annual fee


CHRISTMAS CLUB ACCOUNT


  • You can make withdrawals at any time


  • Offered in any denomination


  • Dividends are earned daily, compounded and paid quarterly


  • The completed Christmas Club checks are transferred into regular savings on October 1st


  • Deposit into your Christmas Club Account through payroll deduction or direct deposit


VACATION CLUB ACCOUNT


  • Dividends are earned daily, compounded and paid quarterly


  • You can make withdrawals at any time


  • No minimum amount required


  • Deposit into your Vacation Club Account through payroll deduction or direct deposit


INDIVIDUAL RETIREMENT ACCOUNT (IRA)


An IRA is a personal tax-sheltered retirement savings plan. It allows a wage earner to build a substantial fund and defer taxes on both principal and interest earned (some restrictions apply). IRAs are insured additionally and separately for $250,000. This is in addition to insurance on regular share accounts.


TRADITIONAL IRA ACCOUNT


  • Choose if you feel your income will decrease in retirement

 

  • Contributions are tax deductible on both state and federal tax returns for the year you make the contribution


  • Withdrawals in retirement are taxed at ordinary income tax rates


  • Deposit into your Traditional IRA through payroll deduction or direct deposit


ROTH IRA ACCOUNT


  • Choose if you feel your income will increase in retirement

 

  • Provide no tax break for contributions


  • Earnings and withdrawals are generally tax-free


  • Deposit into your Roth IRA through payroll deduction or direct deposit

Frequently Asked Questions

Are Share Savings Account deposits federally insured?

Yes. Just as deposits made to traditional bank savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC), the deposits in your FFCU Share Savings account are insured to $250,000 by the National Credit Union Administration (NCUA).

Are there transaction limits on a Share savings account?

There are no transaction limitations on your savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.

Can I make direct deposits into my Share Savings account?

Yes. To set up direct deposit or learn more, visit your local branch location or contact us.

What is a Share Savings account?

A Share Savings account—which may also be referred to as a primary share account or savings account—is a great way to save for your future. It's called "share" since our members each own one equal "share" of Friendly Federal Credit Union. Just $5, or one "share," is needed to keep the account open.

 

This account establishes your membership, and all members have one. Your FFCU Share Savings account offers these benefits and more:

  • You earn monthly dividends on your account balance
  • You can easily access your Share Savings account funds with a free Visa ATM card
  • Your membership includes free Mobile Banking, Online Banking, online statements, and alerts that keep you up-to-the-minute on account activity 

What are the benefits of FFCU membership?

Opening your Share Savings account does more than give you a way to save—it also gives you access to a full range of services and benefits. You'll enjoy great rates on loans, deposits and a Visa credit card, and simple application and approval processes. Our accounts offer the convenience of Online Banking and Mobile Banking, so you never have to wait for business hours to manage your money. Free ATM transactions at our Aliquippa location and free online statements are just a few of the services we provide at no cost to you.