Products & Services:
Savings Accounts
PAFCU has a variety of savings and investment programs designed especially for you. We offer competitive dividends on our prime share accounts, money market accounts and share certificates.
Your savings are federally insured to $100,000 by NCUA (National Credit Union Administration), a U.S. Government Agency.
Prime Share Account
A prime share account is a credit union savings account. A minimum balance of $50.00 is required to maintain credit union membership and to be eligible for additional credit union services.
Share Certificates
PAFCU offers a variety of rates and terms. All require a minimum balance of $500.00 and earn a competitive rate of return. The rate in effect on the day of investment is fixed for the full term. Dividends are paid and compounded monthly.*
*There is a dividend penalty for early withdrawal of principal; however, paid dividends are available for withdrawal.
Money Market Account
PAFCU's money market account is called a Special Performance (S.P.) Account. A minimum balance of $2,500.00 must be maintained. This account allows you to make a maximum of six withdrawals (no more than three by check) per month with no minimum investment period. Dividends are paid and compounded monthly.
Holiday & Vacation Club Accounts
The easy and affordable way to build up seasonal savings over time, starting with a minimum deposit of only $5.00. Dividends are credited and compounded quarterly, so you have even more to spend. Your holiday funds are available to you in mid-October and your vacation funds are available in mid-June.
IRAs (Individual Retirement Accounts)
A smart retirement savings plan. Contributions may be made as often as you wish via Automatic Deposit plans, in person or by mail. You may also make a lump sum contribution each year. All contributions must be made by the due date of your income tax return (April 15). Dividends earned by your IRA are exempt from federal income taxes until you begin to make withdrawals from the account. PAFCU offers a competitive dividend rate that is credited and compounded quarterly. You may begin to withdraw from your IRA without penalty at age 59 1/2, if you wish. If you become disabled or die, the funds may be withdrawn sooner. Withdrawals, however, must begin by age 70 1/2. You may accept your funds in one payment or schedule periodic payments. Some withdrawals are considered taxable income. Early withdrawal of funds is subject to government penalty. Additional rules apply.
Kinship Account
You can share the advantages of PAFCU membership with your entire family. Anyone related to you by blood, marriage, or adoption is eligible to join the Credit Union and enjoy the same financial products, low-cost services, and friendly atmosphere as you.
Education Account
An account designed to help you save for future college expenses, the PAFCU Education Account requires a $10.00 per week minimum deposit that can be set up via Automatic Deposit or Payroll Deduction services. The account earns dividends and, at the end of one year, your funds will be automatically transferred into a one-year PAFCU Share Certificate. Your Education Account will then renew each July 1 with a beginning balance of $10.00.
Totten Trust Account
A Totten trust account allows you to select a beneficiary for your accounts. The beneficiaries may be changed at any time.