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Savings Account

A CenLA FCU savings account, more commonly known within credit unions as a Regular Share Account, is a federally insured, dividend-paying account that allows members to earn dividends while permitting immediate access to funds. The account may be opened with a minimum $25 deposit, and added to or withdrawn from as the member chooses. In addition, the Regular Share Account may be used to provide overdraft protection for checking accounts.

Savings Account Summary

When you join CenLA Federal Credit Union, you must open a Regular Share Account to begin your lifetime membership. You can open as many savings accounts as you wish.

Here are some features of the Regular Share (Savings) Account:

  • Minimum opening deposit of $25
  • FREE Check card/ATM card
  • FREE Online account access with Virtual Branch
  • FREE 24 hour toll-free account access  with Smartline
  • FREE E-statements
  • FREE ACH or electronic payment/deposit
  • Additional Savings accounts available
  • Payroll Deduction
  • Direct Deposit from most employers and government checks
  • Direct deposit of social security and most retirement checks
  • FREE Notary
  • Allow unlimited free over-the-counter withdrawals
  • Your accumulated funds on deposit in the Credit Union are federally insured to at least $250,000 by the NCUA
  • Options include:
    • Minors Account
    • Trustee Account
    • Company-Sponsored Club Account