Chevron Federal Credit Union (CFCU) offers high-yield Member Savings accounts, Money Market accounts, Share Certificate accounts, and Individual Retirement Accounts (IRAs). All accounts are Federally-insured up to $250,000 (IRAs up to $250,000) by the National Credit Union Share Insurance Fund (NCUSIF).
Ownership of accounts may be established individually or jointly, as custodial accounts, or under the Uniform Transfers to Minors Act (UTMA). Dividends on all CFCU investments are compounded daily.
| |
Regular Savings/IRA |
Checking |
MarketEdge |
Share and IRA
Certificates |
| Minimum to open account |
$25 |
$25 |
$2,500 |
$500 |
| Minimum to maintain account |
$25 |
none |
none |
opening balance |
| Minimum to earn dividends |
$25 |
$500 |
any balance |
opening balance (penalty for early withdrawal) |
| Higher yields for larger deposits |
no |
no |
*Under $2,500 earns minimum rate
*$2,500-$49,999.99 earns base rate
*$50,000 -$99,999.99 earns base rate
*$100,000 and up earns base rate |
*Under $50,000 earns base rate
*$50,000-$99,999.99 earns base rate+ *$100,000 and up earns base rate |
| Frequency of dividends |
monthly |
monthly |
monthly |
monthly |
*Dividends earned on ENTIRE balance each day it was within stated tier
How to make deposits:
- Direct deposit all or part of your paycheck.
- Direct deposit government checks, such as Social Security check.
- Electronic funds transfer (EFT).
- Through CFCU ATMs , CO-OP, and CU Service Center locations.
- Wire transfer.
- In person at our branches, by mail, and at any CFCU branch drop box.
Master Account Agreement and Disclosure (PDF) 
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