Savings accounts are a staple of credit unions.
TelComm Credit Union offers federally insured savings accounts to help individuals and families in the Springfield, Missouri area build financial security over time. As a member-owned cooperative, we provide competitive dividend rates and easy account access so your savings can work harder for you. Opening a savings account with TelComm is also the first step to becoming a member and accessing our full range of financial products and services.
- Minimum required deposit of $25 means membership and access to all services. (This minimum balance must be maintained throughout your membership.)
- No monthly or yearly service charge.
- Earn dividends on balances of $50 and up, compounded quarterly and paid quarterly.
- TelComm Credit Union offers up to $1,000,000 in account insurance coverage through combined National Credit Union Administration (NCUA) and Excess Share Insurance (ESI) protection at no cost to you.
- Accessible via ATM, TelComm Mobile, TelCommCU.com, 24/7 Teller Audio Line (417.882.5409), and any of our 6 locations.
- Free E-Statements and Account Alerts.
- It is possible to have multiple savings account categories under one account number, called Sub-Shares. For example, you might have a regular share account with a sub-share for Personal Property Taxes, a Vacation Fund, or whatever YOU choose!
TelComm Credit Union offers up to $1,000,000 in account insurance coverage through combined National Credit Union Administration (NCUA) and Excess Share Insurance (ESI) protection at no cost to you. The Excess Share Insurance (ESI) coverage has a coverage of $750,000, combined with the federal insurance provided by the National Credit Union Administration (NCUA) of $250,000.
We are committed to providing our members with the highest level of security for their savings. The combined coverage ensures that your hard-earned money is protected to the fullest extent, offering you security and stability. Not one penny of insured savings has ever been lost by a member of a federally insured credit union, and we are committed to maintaining this impeccable record.
At TelComm CU, your financial security is our priority. Our consumer account insurance is one of the highest available among local credit unions.
Access the National Credit Union Administration’s (NCUA) Share Insurance Estimator to compute the amount of NCUA coverage available under different account scenarios.
Your Insured Funds – The latest NCUA share insurance coverage information, detailed discussion of all available types of coverage, along with examples illustrating how the coverage works in practice.
Remember to Pay Yourself First
Put savings first for your family’s future with a direct deposit to your TelComm savings account from your paycheck, or deposit a small amount every paycheck into your savings.
