Savings

Save with Unity Catholic Federal Credit Union and watch your money grow! We offer a variety of Savings Accounts with low minimum deposit amounts, better-than-average dividend rates as well as flexible terms. Whether your saving goals are long-term or short-term, we’ve got the Savings Account for you! Your deposit accounts are insured by the National Credit Union Administration. Click here for a brochure detailing your account insurance.

Share/Savings Account

Open a basic Share Savings Account with a deposit of $5 and begin earning dividends immediately. You must maintain a $5 minimum balance in your Savings Account in order to benefit from all of the services that the credit union offers. Stop by one of our branches and become a member today.

Share Certificate/Certificate of Deposit

Earn higher dividends on your savings with a low minimum balance of just $500 and terms of six months to five years. The longer you save, the higher your dividend rate. See our current rates for the account that is right for you. Then give us a call to open your Share Certificate and start earning more!

Money Market Savings

Earn higher dividends, but still have access to your funds with a Money Market Savings Account. Maintain a minimum balance of $2,500 and earn more than a traditional Savings Account. Click here for our current rates on Money Market Accounts. A Money Market Savings Account limits the number of monthly withdrawals to three per month. Any additional withdrawals over three will result in a fee.

Individual Retirement Accounts (IRA)

It’s never too early – or too late – to save for your retirement. Get started with as little as $50! Open an IRA Share Account and earn dividends as you make periodic deposits toward your goal of $500; the minimum amount to open an IRA Certificate with a term of one-year, two-years, or five-years. Click here to access our online calculators to determine your savings plan for retirement. Your IRAs are insured by the National Credit Union Administration. Click here for a brochure on your IRA account insurance.

Roll your IRA savings into a Traditional IRA, a Roth IRA for long-term retirement savings, or a Coverdell Education Savings Account for your child’s education expenses. Consult your tax advisor for the best strategy then contact the credit union.

Contribute to a Traditional IRA and earnings accumulate tax-deferred until withdrawn. You may open a Traditional IRA Savings Account with a minimum deposit of $50, or open a traditional IRA Share Certificate (CD) with as little as $500. Members can contribute up to $5,000 per year until age 70-1/2.
Persons over 50 may be able to contribute more; contributions may not exceed annual compensation. If neither you nor your spouse is already enrolled in a retirement plan that is employee-sponsored, your contributions may be tax-deductible. Partial deductions for those enrolled in retirement plans may be available - consult your tax adviser.
Contributions to Roth IRAs are not tax-sheltered, but withdrawals, including earnings, are tax-free if the account has been open for at least 5 years and the account holder is age 59-1/2 or older. You may open a Roth IRA Savings Account with $50, or you may open a Roth IRA Share Certificate with as little as $500 and contribute up to $5,000 per year as long as modified adjusted gross income does not exceed federal limitations.
Persons over 50 may be able to contribute more. Contributions are not tax-deductible; however, regular contributions can be withdrawn if the account is active for five years and funds are withdrawn for a qualified reason
Formerly known as the Education IRA, the Coverdell Education Savings Account (ESA) is a type of tax-advantaged savings account used specifically to help you pay for your child’s education expenses. You may open an ESA with as little as $50 and contribute up to $2,000 per child, per year until the child reaches age 18. Contributions are not tax-deductible; however, you do not pay taxes on dividend earnings, provided the funds are used for the child’s qualified education expenses.

Direct Deposit / Payroll Deduction

Pay yourself first with Direct Deposit or Payroll Deduction. Deposit all or a portion of your payroll or government check and you won’t be tempted to spend! You’ll have access to your money faster and without the need to visit the credit union. You can even spread your automatic deposits across multiple accounts or loans at Unity Catholic FCU. Give us a call to get set-up.

To start direct deposit you will need your member number and our routing number.

Unity Catholic Federal Credit Union routing number - 241081105

Christmas Club

Set aside money throughout the year and you’ll be ready for holiday gift-giving and celebrations! Open your dividend-bearing Christmas Club account any time of the year. Then make regular deposits to reach your goal.

E-statements – ARE HERE!

Electronic statements allow you to access your account statements through a secure site on the Internet. With E-statements, you can view and print your credit union account statements at your convenience. Once you sign up for E-statements they will remain available for 12 months. This is a FREE service, separate from home banking. Sign-up for E-statements will be available on our website.

Account Insurance

Your deposit accounts are insured by the National Credit Union Administration. Click here for a brochure on your account insurance.