Membership Savings Account
To have a membership at 705 FCU, you must open a membership savings account and keep $25 in it at all times to be considered a “member.” This $25 is considered your share in the company. It allows us to be a not-for-profit financial institution. It is still your money. If you ever decide you no longer wish to be a member, you can get that money back. Besides that, the rest of the money within that account can be accessed.
- Once you have $100 within this savings account, you can start to accrue interest on the money you save. See our dividends on savings accounts.
- After opening a savings account, you can utilize all of our products and services from loans to a checking account (as long as you qualify.)