For your personal financial needs, Transportation Federal Credit Union (TFCU) offers a wide range of savings and investment accounts. Accounts range from basic savings and Money Markets to Share Certificates and Individual Retirement Accounts (IRAs).

• Share Savings Account
• Holiday Club Account
• Vacation Savers Club Account
• Money Market Share Account
• Share Certificates
• Individual Retirement Accounts

Share Savings

Opening this basic savings account makes you a member of the Credit Union.

• It's inexpensive to open the share savings account with just a $5 deposit
• Begin to earn money immediately since we calculate dividends on daily balances and pay dividends monthly
• Use account as collateral for a loan
• Your money is safe and secure because it is federally insured
• Rates are declared monthly by the Board of Directors
• Fees may reduce earnings

Account disclosure

To join TFCU, fill out our our membership application (PDF) or fill out our membership request form to receive an application and information through the mail.

Holiday and Vacation Savers Clubs

Save money for special purposes including holidays and vacations.

• The account may be opened with as little as $5
• Easy to save with convenient payroll deductions
• Withdrawal restrictions provide you with saving discipline so you can reach your goals
• Holiday Account remains open after disbursement for next year's goal
• Your money is safe and secure because it is federally insured
• Rates are declared monthly by the Board or Directors

Holiday Club Account disclosure or Vacation Savers Club Account disclosure

E-mail us for a Holiday or Vacation Savers Club application.

Money Market Share Account

Earn more money on this high-interest tiered account than on a share savings account.

• This account is affordable because the minimum balance is only $2,500
• Earn even more money on balances higher than $50,000
• The account is easily accessible by phone, mail, or in person with up to three monthly $500 minimum withdrawals
• Begin to earn money immediately since we calculate dividends on daily balances and pay dividends monthly
• Your money is safe and secure because it is federally insured
• Rates are declared monthly by the Board of Directors

Account disclosure

E-mail us for a Money Market Share Account application.

Share Certificates

To fit your investment needs, we offer many high-interest certificates with different minimum deposits and terms.

• Earn market rates that are set weekly and vary by term
• Certificates are available in terms ranging from six months to four years
• Market-Index Share Certificates have higher earnings without high risk
• Dividend payments may be made quarterly or at maturity, depending on the product
• Quarterly dividends may be paid directly to you or reinvested for compounding and higher earnings
• Borrow against 100% of certificate funds on deposit at low, loan rates
• Your money is safe and secure because it is federally insured
• Early withdrawal penalties apply and vary by the length of the investment

• 12-Month First Step Share Certificate
• 6-Month Affordable Share Certificates
• 6-Month Money Market Share Certificate
• 12-36 Month Regular Share Certificate

Learn how to begin saving regularly with this certificate that is designed for regular deposits.

• Certificate is very affordable since just $25 opens the account
• Regular minimum monthly deposit of $25 is required until maturity in 12 months
• Save time with automatic deposits through payroll deduction
• Rates are set weekly
• Fees may reduce earnings

Account disclosure

Earn more money on small sums by investing in this short-term, low minimum deposit share certificate.

• Only $250 is required to open this account
• Rates are set weekly and vary
• Fees may reduce earnings

Account disclosure

Larger sums of money earn even more in this short-term share certificate.

• A $1,000 minimum deposit is required to open this account
• Rates are set weekly and vary
• Fees may reduce earnings

Account disclosure

• 12-Month certificate requires a $1,000 minimum deposit
• 24-Month certificate requires a $1,000 minimum deposit
• 36-Month certificate requires a $1,000 minimum deposit
• Rates are set weekly and vary
• Fees may reduce earnings

Account disclosure

Individual Retirement Accounts (IRAs) are great tax-favored ways to save for retirement. With a Roth IRA, earnings grow tax free and are also tax free when you make qualified withdrawals. With a traditional IRA, your earnings grow tax deferred, so you won’t owe income taxes until you make withdrawals. And if you’re eligible, your contributions are tax deductible.

Coverdell Education Savings Account (formerly Education IRAs) allows you to plan now for future college expenses and have your earnings grow tax free. Save up to $2,000 per year, per child.

How do you decide whether an IRA is right for you and which type of IRA is appropriate?

The answer to this question really depends on what type of contribution you’re eligible for and your specific financial situation. You can find the answers to these and many other questions in the IRA Center.

Transportation FCU offers you quite possibly the easiest way to connect with a full array of IRA and retirement planning solutions. You’ll gain 24/7 access to education, online planning tools and calculators, investment options for IRAs and ESAs, and forms that you can easily and accurately complete from the safety and privacy of your home. You’ll find it all in the IRA Center!

IRA Share Savings Account

• A $25 minimum deposit opens an IRA Share Account
• Your money is safe and secure because it is federally insured separately from other deposits
• Rates are declared monthly by the Board of Directors
• Fees may reduce earnings

IRA Share Certificates

TFCU offers these low-cost, higher-earning, term deposit accounts.

• A $1,000 minimum deposit opens a Traditional, Roth or Coverdell IRA Share Certificate
• Terms vary from 12 to 60 months
• Transfers and rollovers to TFCU are easily completed
• Your money is safe and secure because it is federally insured separately from other deposits
• Rates are set weekly and vary
• Fees may reduce earnings