Savings

Savings Account

Pheple FCU allows you to save your own way. We require no minimum balance and your funds are federally insured up to $250,000 by the National Credit Union Administration (NCUA). You must have a savings account to be an active member of our credit union. If you are not currently a member, please click below to join and open a savings account.

NOW AVAILABLE!

If you do not have a Pheple FCU Checking Account, you can still get an ATM Card for your savings account. ATMs are secure, low-contact ways to access your funds, and many are available 24/7! Call us at (724) 834-5580 or email us at info@pheplefcu.org to get an ATM card today. Click here to find an ATM near you.

Secondary Savings

Additional savings accounts can be opened to help you save for things like vacations, the holidays, taxes, or anything else that is important to you! You must already have a share savings account prior to opening a secondary savings.

Share Certificates

Do you have funds that you won't need access to right away? Why not put them in a Share Certificate? You'll get a higher rate of return, plus the flexibility of setting your term length. At Pheple FCU, we offer terms ranging from 12, 36, and 60 months.

IRAs

Save for retirement or education expenses, and enjoy potential tax advantages during your working years with Pheple FCU’s Individual Retirement Account (IRA). Our IRAs are similar to regular savings but your dividends are exempt from federal and state income taxes until withdrawn.

 Pheple FCU Offers Two Types of IRAs, plus college and health savings plans:

  • Traditional vs. Roth — Choose the way you save. Compare both kinds of IRAs to determine which is best for your personal circumstances.

  • Traditional — You contribute income before it’s taxed and enjoy tax-deferred earnings until retirement when withdrawals are subject to taxes.

  • Roth — You contribute income after taxes and enjoy tax-free earnings until retirement when withdrawals can be tax-free.

  • HSA — High Deductible Health Plan (HDHP) Savings Account

Pheple FCU also offers IRA Certificates. With a low minimum balance requirement of $500, IRA Certificates earn higher dividends to make your personal tax-deferred plan grow for you. Pick a term that suits your needs and we will help you plan for that hard-earned retirement.

For more information about the types of IRAs we offer, as well as the benefits of each type of account, contact one of our IRA specialists at (724) 834-5580.

Health Savings Accounts

Pheple FCU knows that health care can be expensive. With our Health Savings Account, we can help you stay on top of rising health care costs and provide you with tax-deferred savings.

Money Market

If you have funds that you do not want to tie up for a long period, check out our Money Market Account. There is a $500 minimum balance to earn dividends; dividends are declared monthly. You are able to withdraw six times per month.