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Deposit Accounts

Bond-A-Month Accounts
Christmas Club

For Your Own Protection
Share Draft (Checking) Account
Share Certificates
Health Savings Account 6
Secondary Savings 3, 5, 8
Overdraft Line of Credit
Primary Share Savings Account

Vacation Club
Why Share Certificates are a Good Investment
Opt Out of Courtesy Pay



TVFCU offers members two types of deposit accounts - share accounts and Share Certificates. Both types of accounts are opened under your member number.

The available share accounts are:

Share Deposit Account

Minimum Balance


Primary Share Savings Account $5.00 Used as a savings account; establishes you as a TVFCU member
Secondary Savings 3 None Required Used as an additional savings account
Share Draft (Checking) 4 None Required Used as a checking account also connected to Debit Mastercard
Secondary Savings 5 None Required Used as an additional savings account
Health Savings (HSA) 6 None Required Used as a Health Savings Account
Secondary Savings 8 None Required Used as an additional savings account

Our Board of Directors set the dividend rates quarterly. Dividends are paid to all savings accounts on the last business day of March, June, September and December.

Primary Share (Savings) Account

All members are required to maintain a minimum deposit of $5.00 in their share account. Share accounts earn dividends at a rate established by the TVFCU Board of Directors. The rate is based on the earnings of the Credit Union for that period. Statements reflecting transactions and resulting balances in your account will be mailed to you quarterly. You are required to have a primary share account, but may have additional share accounts under the same membership number. If you wish, you may designate a joint owner of this account.

You are required to have a savings account at TVFCU to be able to take advantage of the many other services available such as a checking account, loans, debit card, and many others.

  • To keep your savings account open you must maintain a $5.00 balance

  • Should you have a loan under your savings account, the loan payments can automatically be withdrawn when payment is due

  • Can be used as an overdraft to your checking account for a $5.00 per item fee

  • Earns dividends

  • If you decide to close the account, it must have been open for at least 6 months to receive your $5.00

Share Draft (Checking) Account

One of the many convenient services available to our members is a share draft checking account. Checking at TVFCU is free! There is no minimum balance requirement and there is never a monthly service charge or per check charge. The only fee to you is the cost of your checks. Prices for checks vary depending on personal style.

Canceled checks are not returned to you, yet you may request copies of canceled checks, which are available for a seven year period for a minimal charge. For easy reconciliation, you can expect to receive a monthly statement of activity concerning your share draft account.

For Your Own Protection…

Overdraft Protection, (Loan 80), is a good idea if you have a share draft checking account. Should there ever be insufficient funds in your share draft account for a check you have written, the Overdraft Protection will cover that check up to the agreed amount on your loan application. You will not be charged interest if you do not use your Overdraft Protection, (Loan 80). Interest only begins accumulating when the Overdraft Protection is activated. There is a $30.00 fee for insufficient funds in your share draft account, if you do not have Overdraft Protection, and also when the funds in your primary share account are unable to cover the check amount.

Health Savings Account (HSA) 6

You may now open a Health Savings Account at TVFCU if you are enrolled in a high-deductible health care plan. You may use your HSA to pay for qualified medical expenses. Funds contributed to an HSA are not subject to federal income tax if made by your employer. These funds roll over year-to-year even if they are not used during the year of deposit. Please contact your health care plan coordinator for current year contribution limits for your specific plan type.

**While TVFCU does offer Health Savings Accounts, the member is responsible for managing the account and ensuring that it is used to cover qualified expenses only.

Please see the following link to find out more information on Health Savings Accounts:
U.S. Department of the Treasury

Secondary Savings 3, 5 & 8

  • Can be added to your primary account to keep money separate

  • S3, S5 and S8 accounts earn dividends

  • Can name the suffixes with your own personal description (i.e. graduation, honeymoon, Matthew’s college fund)

  • No minimum balance is required

Share Certificates

A Share Certificate is a bond-type investment issued by TVFCU when you deposit a certain amount of money for a determined amount of time. Share Certificates are available for terms of 6, 9, 12, 24 or 36 months. The minimum balance for all the Share Certificates we offer is $500.00.

Dividends are paid on the last business day of the month, as per the terms of the individual certificate.

Why a Share Certificate is a Good Investment

  • Competitive rates

  • Not volatile like stocks or stock based funds

  • NCUSIF insured (National Credit Union Share Insurance Fund) NCUSIF is comparable to FDIC

  • Various maturity terms

TVFCU offers a number of club account options to provide you with other methods to save your money. Deposits may be made into a club account in any amount or frequency. You can make deposits through payroll deduction, over our counters, by mail, transfer by telephone or Internet from another share account.

Bond-A-Month Accounts

As of January 1st, 2012, Financial Institutions may no longer purchase savings bonds for their Members. Instead, savings bonds may be purchased from TreasuryDirect at

Please click here for some documentation on how to setup a TreasuryDirect account at

For information on how to buy a gift savings account for someone else on TreasuryDirect please click here.

*As a result, Bond-A-Month suffixes may no longer be opened at TVFCU.*

Christmas Club

The holidays have a way of sneaking up on all of us. The Christmas Club allows you a way to save for the holiday season. You are able to deposit funds into your Christmas Club account but not withdraw them, unless you decide to close the account and an early closure fee may apply. Christmas Clubs may be opened anytime during the year. All funds can be transferred to your Primary Share 0, Secondary Savings 3, 5 or 8 or checking account. Transferring the funds into another account allows the funds to be available for use on October 1st. Click here for the Christmas Club transfer form to have your Christmas Club funds transferred to another account suffix and available for use on October 1st.

Vacation Club

Need some help saving for that dream vacation? The Vacation Club at TVFCU is similar to the Christmas Club in that you can deposit funds but may not withdraw them, unless of course you decide to close the account and an early closure fee may apply. You may open a Vacation Club anytime during the year and all funds, like your Christmas Club, will be transferred to a suffix of your choice on July 1st of the following year. Just in time to hit the beach! Click here for the Vacation Club transfer form.

There is a $10.00 fee for premature closure of club accounts and they cannot be reopened until the next cycle. All unpaid dividends and privileges will be forfeited.

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