Savings


Your accounts with Monroe Telco Federal Credit Union are federally insured by NCUA. Share accounts, share draft accounts and certificate of deposit accounts are insured up to $250,000.00 in the aggregate. However, joint accounts held separately with other people are additionally insured up to $250,000.00. Traditional and Roth IRA accounts are insured up to $250,000.00 in the aggregate. For more information visit NCUA.


Savings Accounts

A Monroe Telco FCU share savings account is required to take advantage of all our membership benefits. We are committed to helping you save and meet your financial goals.

  • Minimum balance of only $5.00 to open
  • Tier dividends are paid monthly on balances maintained at $100.00 or more
  • Members are allowed up to 4 different savings accounts
  • Can be accessed through Virtual Branch
  • Savings accounts are federally insured by the National Credit Union Administration up to $250,000.00
  • Payroll and ACH deposits are allowed for all savings accounts
  • No monthly fees

With a Monroe Telco FCU savings account, the more you save, the more you earn!


Christmas Club Accounts

MTFCU offers an easy way to save year round for the Christmas holidays with our Christmas Club Account. A $5.00 minimum deposit is all you need to open the account. Just like your regular savings, the Christmas Club Account earns monthly dividends. You can have money directly deposited from your employer or make deposits yourself throughout the year. The funds are transferred into your Monroe Telco checking account the first week of November for your convenience. If you do not have a checking account, the transfer will be made into your savings account.


Vacation Club Accounts

Vacation Club Accounts are much the same as our Christmas Club Accounts. A $5.00 minimum deposit is needed to open the account and it also earns monthly dividends. You can have money directly deposited from your employer or make deposits yourself throughout the year. The funds are transferred into your Monroe Telco FCU checking account the first week of June for your convenience. If you do not have a checking account, the transfer will be made into your savings account.