Savings & Investments

When it comes to investments, we have what you want; great rates, convenience, and security (deposits insured to $250,000).

Regular Share Account

A Regular Share account is similar to a passbook savings account at a bank. Opening a Regular Share account is how you become a member/owner of the credit union. The initial $5.00 deposit required to open this account is also one share of ownership of the credit union, which is why it is called a share account. Once your account is opened, you become eligible for all of the benefits and services the credit union offers. This account features unlimited deposits and withdrawals (including ATM withdrawals), and a rate higher than passbook accounts at most banks.

Checking

A checking account with Safeway LAFCU means no minimum balance requirement, no monthly fee, no per check fee, no check limit per month (dividends paid on account balances over $1500.00). The first 50 checks are complementary and overdraft protection is available for all Safeway LAFCU Visa Card holders. For a checking account application, please contact the credit union.

Money Market Account

This savings account pays a higher dividend rate than regular shares. The minimum balance requirement is $2,500.00. Funds can be added at anytime, no term requirement. Withdrawals are limited to 5 per month. Interest is earned daily and paid monthly.

Christmas Club

A Christmas Club account is a great way to save for Holiday expenses, paying property taxes, auto insurance, vacations or just about any other purpose. Once a year on November 1st a check is mailed to you for the account balance. Members are often amazed at how quickly their account grows by making deposits of as little as $5.00 or $10.00 per pay-period. Dividends are paid at the same rate as a Regular Share account. To set up a Christmas Club account, please contact the credit union.

Share Certificates

Paying the highest dividends rates available at the credit union, this unique savings plan does have a minimum balance requirement. Investments can range anywhere from 3 to 36 months. Dividends compound and are paid monthly or you may choose to have dividend checks mailed to your home. If you want to earn high dividends without the high risk, open a Share Certificate today. A minimum $2,500 deposit is all you need to get started. Click here to view terms and rates.

Individual Retirement Account (IRA)

Start planning for the Future now by opening an Individual Retirement Account at Safeway LAFCU with as little as $100. This tax deferred savings plan not only helps you prepare for your future but also pays you an attractive dividend rate while your doing it. Click here for more information about IRAs.

Payroll Deduction

Most of the companies affiliated with the credit union offer payroll deduction to their employee's. Funds are automatically deducted from employees paychecks each payday and sent to the credit union (one less errand to run). Payroll deduction can be used for making loan payments and/or deposits into savings, checking, and/or Christmas club accounts. With payroll deduction, it's easier to save, because "If you don't see it, you won't spend it." Your savings federally insured up to $250,000 National Credit Union Administration, a U.S. Government Agency Your credit union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA) and are backed by the full faith and credit of the United States Treasury. Click here for more information about share insurance. To learn more about how you may become eligible to join Safeway LAFCU visit our membership page.