Start Your Membership With a Savings Account
The basic account for any credit union membership is the Savings Account. In fact it's the first account you'll open to become a credit union member. We have multiple types of savings accounts to suit your personal needs.
Savings
It's hard to top a classic. When you become a MemberSource member, this is your first account. It takes only $5 to open and pays dividends. Dividends are paid and compounded monthly. Members receive a quarterly statement showing all account activity, and deposits. Withdrawals can be made in person, by mail or transferred online to other accounts.
Christmas Account
Instead of adding to your holiday debt, take advantage of the MemberSource Christmas Club Account. It's only $25 to open this account and you can set up payroll deduction or direct deposit to ensure that your balance continues to grow for the holidays by saving money throughout the year. In November, those dollars you diligently socked away will be automatically transferred to your Savings Account. There is a $10 fee for withdrawals on this account between February 1st and November 1st.
Money Market Plus
Earn more for your money with this high-yield account. Start with as little as $2,500 to really put your money to work. There is a fee if the account balance falls below $2,500.
IRAs
A MemberSource IRA can help you do more than just save money – you'll grow your money so you can live your dreams. And unlike other investments, all credit union IRAs are insured separately from other Share Accounts for up to $250,000 by the NCUA, an agency of the federal government.
Make your Money Work for You!
Whether your goals are short or long term, we're the source for your CD needs. With a minimum opening balance of only $500 and terms available from 6-60 months, your money can work as hard as you do. Choose the certificate that meets your specific needs and enjoy the right solution with this account.
Earn Even More
Earn a .15% higher rate than our regular certificate yield when you invest $100,000 or more, and a .05% higher rate than our regular certificate yield when you invest $50,000 or more. As with any certificate, there is a penalty for early withdrawal.
Step-Up Certificates
When rates increase, your interest earned can too. The MemberSource 12-month Step-Up Certificate allows you the unique opportunity to "step-up" your earnings one time during the certificate term if there's an increase in rates. What's more, your rate will never fall below the original rate at which you opened your account.
100% Secure
In addition to the satisfaction of making a smart money management decision, you'll enjoy the safety and security of a MemberSource investment because your deposits are fully insured up to $500,000. The first $250,000 is covered by the NCUA, an agency of the federal government and $250,000 by Excess Share Insurance.