Savings Accounts

Shares

A minimum of $25.00 must remain in your account to maintain membership. Dividends are calculated by the daily balance method and credited to your account monthly. There are NO monthly service charges. We offer direct deposit/payroll deduction for your financial convenience. Your share accounts are federally insured by The National Credit Union Administration. Contact us for information on how you can increase the insurance protection of your funds through separate ownerships.

Our CHRISTMAS CLUB ACCOUNT is another savings vehicle. Funds deposited into this account during the year will automatically be transferred into the member's savings account on October 31st. Withdrawals from the Christmas Account at other times of the year are subject to an early withdrawal fee.

See Share Rates.

Share Draft Accounts

ESCU offers you various types of Share Draft (Checking) accounts that are designed to cover all of your needs.  

Do you need a great FREE checking account? Our Regular Share Draft Account has no monthly service charge, no per check charge, and no minimum balance. Our Visa Debit Card is free too! Plus we offer free Virtual Branch access. You can even try out our Bill Pay service free for 90 days.

Want your money to work for you?  ESCU's new Interest Rewards Checking Account is a relationship product that pays you interest.  For more information click here.

See Share Draft Rates.


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Money Market Accounts

For the member who desires a higher return without a stated maturity date, look into our Money Market Accounts. Rates are tiered according to the account balance with a $2,500 minimum required. Dividends are paid monthly. There is a limit of 3 transactions per month, and a $10 fee will be charged for each transaction over three.

See Money Market Rates.

Share Certificates of Deposit

Electric Service Credit Union is "Not For Profit". This means we can afford to pay you higher rates on our CDs. Check out our rates and monthly specials!

The Credit Union offers terms of six months to five years. Minimum deposit for a regular term Share Certificate is $1000. All certificate "specials" require a minimum deposit of $5000.

See CD Rates.

Individual Retirement Accounts

Individuals may contribute up to $4,000 per year into an IRA account. Many IRA contributions are fully tax-deductible. Even if only part of your contribution is tax-deductible, earnings are tax deferred until withdrawal. Deposits may be made through  payroll deduction on a regular basis. Once a balance of $1,000 is reached in this account, the IRA savings may be transferred to an IRA Share Certificate. These accounts are for terms of 24 or 36 months. IRA accounts may be opened for Traditional, Educational and Roth IRA's. Consult your tax advisor about eligibility and the benefits of IRA accounts.

See IRA Rates.