Personal Savings
Unlike other credit unions that charge a membership fee to join, we require only $5 in your savings account to secure your ownership share in the Credit Union and a $10 tax-deductible donation to the nonprofit we founded – the Center for Financial Empowerment. SCE FCU then matches every $10 donation and the funds are gifted directly to the financial education projects in our local communities.
Prime Savings
Offering convenient access in person, by phone, via Online Banking or by mail.
- Dividends paid on balances of $250 or more
- Ability to make automatic deposits into the account
- Free automatic overdraft to your SCE FCU checking
- $5 minimum opening deposit
Super Saver
No minimum balance to open and pays a higher dividend rate, with dividends paid on the entire balance. Two free withdrawals are allowed per calendar year without penalty. This account is designed to help you save.
Holiday Club
Making it easier to save for the holidays, you can even set up automatic deposits from your paycheck or transfers from your primary SCE FCU account. By the November 1st distribution each year, you’ll have saved quite a bit – effortlessly! Plus, the account earns dividends!
Vacation Club
Save money conveniently and automatically from your paycheck or transfers from your primary SCE FCU account throughout the year. On June 1st, you’ll have all the money you’ve deposited – plus dividends – to go toward your well-deserved vacation spectacular!
Basic Elements - Legal Text
Rate Table: Checking & Savings
| Dividend Rate7 | APY8 | Compounding | Minimum Balance | Minimum Deposit | |
|---|---|---|---|---|---|
| Rewards Checking | 0.30% | 0.30% | Monthly | $0 | |
| Free Checking | 0.00% | 0.00% | None | $0 | |
| Fresh Start Checking | 0.00% | 0.00% | None | $0 | |
| Teen Checking9 | 0.00% | 0.00% | None | $0 | |
| Prime Savings | 0.12% | 0.12% | Quarterly | $250 | $5 |
| Super Saver | 0.22% | 0.22% | Quarterly | $0 | |
| IRA Savings | 0.40% | 0.40% | Monthly | $0 | |
| Health Savings Checking | 0.05% | 0.05% | Monthly | $0 | $50 |
| Non-Dividend Savings | 0.00% | 0.00% | Monthly | $0 | |
| Youth Savings9 | 0.12% | 0.12% | Quarterly | $5 | |
| Youth Super Saver9 | 0.22% | 0.22% | Quarterly | $0 | |
| Holiday & Vacation Club10 | 0.22% | 0.22% | Monthly | $0 | $10 |
Rates shown effective as of January 2, 2020
7Dividends are calculated on the Daily Balance Method for all accounts. 8APY = Annual Percentage Yield, and is based on the assumption that requirements will be met. Your statement will show the actual Annual Percentage Yield Earned (APYE). This may be different from the APY if the conditions are different from the above assumptions. Early withdrawal is subject to penalty on all Certificates. For example, if there are any fees, they could reduce the earnings on the account. 9Open to members under the age of 18. 10One scheduled distribution per year on both the Holiday Club and Vacation Club accounts - November 1 and June 1, respectively. Both accounts carry an early withdrawal fee of $15.