Savings Accounts

Savings accounts are a staple of credit unions.

In addition to competitive interest rates, all TCU accounts are federally insured by the National Credit Union Administration (an agency of the U.S. government). On top of that, TCU offers an additional $750,000 of account insurance from ESI (Excess Share Insurance) on qualifying accounts. No other financial institution in southwest Missouri, bank or credit union, offers up to $1,000,000 worth of free account insurance!

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.

Savings Calculator

Use the savings calculator to determine what you need to save on a regular basis to have the funds ready when needed.

This calculator takes a lump sum of money and compounds it quarterly over a fixed period of time at a fixed annual yield. Plus, it allows you to add monthly contributions.