A full service financial
cooperative proudly serving
Federal employees in Wisconsin

Federated Family Credit Union
Phone: (414) 278-7220 
Fax: (414) 278-0890

Branch Office
626 E. Wisconsin Ave., Ste 102
Milwaukee, WI

SAVINGS ACCOUNTS

Federated Family has several options for your savings plan, including:

Share Savings Accounts
This account pays a higher dividend once your balance reaches $5,000. Dividend rate and annual percentage yield may change every month as determined by your credit union's board of directors. A minimum of $25 is required to open your share account. A minimum average daily balance of $100 must be maintained to obtain the disclosed annual percentage yield. Dividends are calculated on your average daily balance.

Did Expenses Make your Last Holiday Less Merry?
   Relieve some holiday stress -- open a Christmas Club account! Figure out approximately what you spent last year, and put a portion into your account monthly. You also can arrange to have each amount automatically deducted from your paycheck. 
    Your savings are automatically transferred into your regular Checking or Savings account on October 1, just in time for your holiday shopping. Stop by our office and set up your Christmas Club today!

Certificates of Deposit
Certificates earn a fixed rate of interest for a specific term from 6 to 60 months. Minimum deposit amounts and terms vary. Certificates are available by phone, in person, or by mail. Check our current rates, minimums, and terms. For those members who want to establish a certificate account and make additional deposits in order to grow the account, we offer a special certificate account that may be initiated with as little as $100. You may add to the balance of this CD without advancing the maturity date or changing the rate. Penalties are imposed for early withdrawal of certificate funds.
 

Club Savings Accounts
Open another account under your primary share savings in order to tuck away money for any special purpose -- Christmas bills, a vacation, or whatever! The dividend rate and annual percentage yield may change every month as determined by the credit union's board of directors. You must maintain a minimum average daily balance of $100 in your account to obtain the disclosed annual percentage yield. Dividends are calculated on your average daily balance. 
     The savings in a Christmas Club account are disbursed automatically on October 1st. You can withdraw funds from the Vacation Club account at any time.
 

Money Market Accounts
Have you built up a substantial amount of savings? Would you like to earn higher dividends on that money than you can earn with a regular share savings account, and yet have the cash readily available if you need it? Then a money market account (MMA) may be right for you.

The more you invest in this account, the better your return! Dividend tiers are set at $3,000 and  $10,000 -- once your account balance reaches the lowest point of the next tier, you earn the higher rate on your entire account. You may open a Federated Family Money Market account with just $300, and earn daily interest posted monthly. Check our rates today!  

MMAs earn dividends at rates that are adjusted weekly, according to shifts in short-term market rates such as Treasury bills. There are some restrictions, however, on how you can use an MMA. By federal regulations, you can make no more than six electronic transfers per month. And only three of those can be in the form of checks.

Access your money by phone, in person, or mail whenever you need it -- there is no penalty for early withdrawal of Money Market funds. ($300 minimum withdrawal required.) 

When choosing an MMA, consider the following:

• Minimum deposit and balance.
• How much will you need to open the account and what minimum amount must you maintain? 
• What are the penalties if you fall below that minimum?
• Annual percentage yield (APY). This is affected by the dividend rate and the method of compounding. Daily compounding maximizes your earnings.
• Minimum check amount. Is there a limit on the size of the checks you write on your MMA?
• Minimum deposit. When you deposit money into your MMA, is there a set minimum on the size of that deposit?

Be aware that you'll need to maintain a minimum balance, or you'll face fees or reduced dividend rates. Be sure you can meet the minimums, or you'll thwart the advantage of earning more with an MMA than a regular savings account. Thus, an MMA is not a place to put funds that you need to dip into frequently. 

It is, however, an excellent account in which to put your emergency reserves, or to park money you plan to invest later. It's also a safe place for your money. At Federated Family Credit Union, our MMAs (like all our accounts) are insured to at least $100,000 by the National Credit Union Share Insurance Fund.