Accounts

Share Drafts
Our share draft (checking) accounts have no monthly fees and no minimum balance requirements. There are no limits on how many checks you can write.

For your convenience, Progressive FCU also accepts Direct Deposits.

Savings
There are a number of options available to make the most of your savings, and all are insured up to $250,000 by the National Credit Union Administration, a division of the federal government. You can deposit in person, by mail, or through a payroll deduction if your employer offers it.

A regular share (savings) account with a minimum balance of $100 earns quarterly dividends, based on your average daily balance at the end of the quarter.

Christmas Clubs make saving for the holiday season easy.  The Christmas Club "year" starts in October and runs through September 30th, though you can join at any time.  At the end of the year, your balance is deposited automatically into your share account.

You can take advantage of Payroll Deduction to painlessly build your Christmas Club balance.  For your convenience, we offer automatic renewal of Payroll Deductions for Christmas Clubs.

Investment Planning
Also federally insured by NCUA, our flexible investment options offer competitive interest rates. Certificates of Deposit (CDs) may be opened with as little as $500. Rates are guaranteed for the term of the investment.

You can start an IRA (Individual Retirement Account) with a minimum deposit of $100, and start earning compounded interest, paid quarterly. The IRS may allow you to deduct part or all of your IRA contribution from your taxes. Additionally, all earnings on your IRA are tax-free until you withdraw.

Check with your certified accountant or tax preparer for details. There are penalties for early withdrawal of these investments. Dividends and rates are subject to frequent change, so check with the credit union for current information.