Savings Services
Savings Services We ll Help You Reach Your Financial Goals Whether you re interested in short-term savings with immediate access to your funds or long-range investments with high earning potential, we have a savings plan that s just right for you. Our goal is to provide the value and convenience you need to reach your financial goals. Savings Account Establish your membership at UCF FCU with a minimum deposit and one-time membership fee. Membership opens the door to a full selection of quality products and services. Dividends calculated from date-of-deposit to date-of-withdrawal; compounded daily; credited monthly; $50 minimum daily balance to earn dividends $5 minimum opening deposit Unlimited deposits and in-person withdrawals Maximum of six transfers per calendar month $10 membership fee No monthly service charge 1 ATM card available (Debit Card with checking account only) 2 Holiday and Summer Share Accounts Manage your money with a Holiday or Summer Savings account. Enjoy all the benefits of a regular savings account while you save for vacation, supplemental summer pay, holidays or even a new car. Insured Money Market Account Enjoy a higher, more competitive market rate and continue to keep your funds liquid with our IMMA. The money market account is designed to be a short-term investment account. Dividends calculated from date-of-deposit to date-of-withdrawal; compounded daily; credited monthly; higher rates on balances $1,000 and over
Rate determination based upon market conditions 3 $1,000 minimum opening deposit Unlimited deposits and in-person withdrawals $250 minimum withdrawal Maximum of six transfers per calendar month No monthly service charge 1 Tiered rates Share Certificate Safe. Secure. Flexible. With terms from three months to five years, you re sure to find a certificate that will meet your financial needs. As an added convenience, certificates will automatically renew unless you specify otherwise. The limited access to your funds will allow you to save more while earning higher dividend dollars. Dividends fixed rate; compounded monthly; credited monthly $1,000 minimum opening deposit Funds available at maturity 4 No monthly service charge Monthly dividends mailed directly to you, transferred to one of your accounts, or allowed to accumulate until your certificate matures Quarterly statements mailed Tiered rate Health Savings Accounts UCF FCU offers Health Savings Accounts (HSAs) to those who qualify. To open a Health Savings Account, you must be under 65 years of age, participate in a High Deductible Health Plan (HDHP), have no other health insurance coverage other than those specifically allowed, and not be claimed as a dependant on someone else s tax return. Please see the Health Savings Accounts brochure for further details and benefits.
Individual Retirement Account (IRA) Our IRA programs offer many attractive features to help you plan for your future. High tax-deferred dividends and possible tax benefits No fees for maintaining your IRA savings or IRA certificates Choice of our IRA Savings Plan or Share Certificate with flexible terms from three months to five years IRAs are insured separately by the NCUA up to $250,000 Excess Share Insurance is available up to $250,000 at no cost Savings Plan IRA Dividends calculated from date-of-deposit to date-of-withdrawal; compounded daily; credited monthly; no minimum balance required to earn dividends No minimum opening deposit Add to your IRA until you reach your maximum contribution or make one single contribution 5 No monthly service charge 1 Quarterly statements mailed Share Certificate IRA Dividends fixed dividend rate; compounded monthly; credited monthly $1,000 minimum opening deposit Funds available at maturity 4 No monthly service charge Quarterly statements mailed Tiered rates
Youth Savings Accounts We help make saving fun for kids with 4 youth accounts specifically designed for each stage of youth. Explorer Savings Account (birth age 11) Adventurers Savings Account (ages 12-14) Innovators Account (ages 15-17) Horizons Account (ages 18-22) All youth account holders under age 18 are eligible to earn Fun Bucks worth 5% of total deposits between $10 and $2,000 6 for the quarter. All youth accountholders are eligible to open a six month Savings Builder Share Certificate with as little as $5 to earn higher dividends than with regular savings. Additional funds may be added to the certificate during the term. Community Services UCF FCU is committed to promoting the financial well-being of all members. The Community Services program is designed to encourage members to save, build or repair credit and to develop sound money management skills. You can establish a savings account that allows ATM withdrawals and convenient access through MATT Web or MATT Phone. A Community Credit Building or Outreach loan could provide the help you need to get started or back on track with credit.
Special Services to Save You Time and Money Take advantage of our savings products and enjoy the many benefits of these special services: MATT Our Member Automated Teller Transaction system will allow you to access your accounts 24-hours a day via touch-tone telephone or the Internet. From your home, office or even your car, you can obtain specific account information and perform various transactions on the following accounts: Share, Holiday and Summer Share, money market, IRA, Share Certificate, Share Draft and loans. MATT Web Internet banking allows you to make credit card payments in addition to performing transactions on your Share and loan accounts. It s like having your own personal branch of the credit union available whenever it s convenient for you. With MATT, you ll be able to conduct most of the transactions you currently perform in person. You can easily do all the following: Withdraw funds (have a check mailed to you) Take a loan advance (via check or account transfer) Transfer funds Make loan payments Check balances Check rates View dividends and interest paid View account history Make credit card payments View and print check copies View and print statement copies Direct Deposit Direct deposit is the fast, easy, safe way to deposit your payroll, retirement or Social Security check directly into your credit union account. No more unnecessary trips to the branch on payday. No more waiting in long lines. Save time with direct deposit. Rate Update
Current savings and loan rates are just a phone call away. Contact us! Speak to a Member Service Representative (407) 249-0008 or toll-free (800) 823-0007. Visit our website at ucffedcu.org NCUA Insurance/Excess Share Insurance Enjoy the security of knowing your credit union accounts are insured up to $250,000 by the National Credit Union Administration, an agency of the federal government. IRAs are insured separately up to $250,000. Through the Excess Share Insurance program, IRAs are insured for up to an additional $250,000 at no cost to members. For more specific insurance information call Member Service or any branch, or visit our website to review a copy of Your Insured Funds brochure. 1 A monthly fee of $5 will be charged if a member s cumulative average daily balance is less than $250 for the month. However, there are exceptions such as: accounts with an active loan, accounts of members under age 23 and CFE MasterCard and Visa cardholders. 2 Certain restrictions apply. 3 Money market dividend rate will be paid on account balances greater than $1,000. If the account balance falls below $1,000, regular Share dividend rate will be paid. 4 Substantial penalty for early withdrawal. 5 There are certain restrictions that pertain to IRAs, including contributions, transfers, age and adjusted gross income. Please consult your tax advisor to determine which IRA choices are available to you and which choices are the best fit for your needs. 6 Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent with certain restrictions that apply. A 1099 tax form will be issued by UCF FCU only for the year the member has met the contingencies necessary to receive the funds. Please consult your tax advisor with any questions.
Locations: Challenger Parkway Branch 12253 Challenger Parkway Orlando, FL 32826 Phone: (407) 249-0008 Fax: (407) 380-2080 Campus Branch Universi ty of Central Florida JT Washington Center - Bld. 26, Room 107 Orlando, FL 32816 Phone: (407) 823-3176 Fax: (407) 823-5534 University Commons Branch 12226 Corporate Boulevard, Suite #100 Orlando FL 32817 Phone: (321) 281-1959 Fax: (407) 482-1216 Phone: 407-249-0008 (UCF FCU Member info line) Online: www.ucffedcu.org facebook.com/ucffed twitter.com/ucffcu 1/12 Federally insured by NCUA