SIUe CREDIT UNION
SAVINGS ACCOUNTS
SAVINGS ACCOUNTS
SIUE Credit Union has been offering its members various Savings Account options since 1959. Some of the different types of Savings Accounts we provide to our members include specialty accounts tailored for the youth or students in high school or college. These accounts are aimed to teach money management. We also provide club/vacation accounts which implement regular transfers that aid to administer money for a specific event or seasonal spending period. In addition, we also issue certificates of deposits, as well as individual retirement accounts. Learn more about our Savings Account options below!
Savings Account
MEMBER SAVINGS ACCOUNT
Traditional savings accounts are the cornerstone of sound financial management. This account also secures your ownership in SIUE Credit Union, making you a member and an owner. It only takes a $5 deposit to get started, and you’ll enjoy benefits like these:
- Receive competitive dividends that help you build your savings
- Enjoy friendly, personal service in our branch
- Rest easy knowing your money is insured by the NCUA
- Start with a savings account, and you can enjoy all of the benefits of membership.
Youth Accounts
Youth Accounts
Saving money can be fun with a youth account from SIUE Credit Union! Specially designed for young people ages 18 and younger, these savings options teach the basics of saving, planning and spending.
Cougar Cub Club
Developed for young members through 8th grade, this account promotes wise saving and spending habits in a fun way. Young members will earn a stamp for each deposit made and can choose from prizes after five stamps are earned.
In addition, Cougar Cub Club members can participate in the ‘It Pays To Get As’ program. When a member brings in their final report card of the year, the credit union will deposit $2 for every ‘A’, up to five ‘A’s, when the deposit is matched by an adult.
Young members can even enjoy special events throughout the year!
Student Accounts
Our student accounts for members in high school and college allow greater financial freedom, as young members manage their funds online, with Visa® debit cards or through Mobile Branch. We offer savings, CD and checking options to help the young person in your life learn important lessons about saving and spending!
Club Accounts
Club Accounts
Save for seasonal spending throughout the year with one of our club options! You can set up regular transfers from any credit union account to make saving easy.
- Christmas Club helps you cover seasonal costs like travel, entertaining and gifts.
- Vacation Club provides a fund for your next getaway.
Don’t wait to save! Visit our office, and open a club savings account with SIUE Credit Union today!
CDs
Certificates of Deposit
Enjoy a great return on your investment without the risk of the stock market. Term share certificates are available with multiple maturity options and require a minimum deposit of $2,500.
The credit union also offers a children’s certificate, which is available to school-aged members through grade 12. This certificate has a minimum balance of $500.
IRAs
Individual Retirement Accounts
Now is a great time to settle your financial future! Your credit union offers Individual Retirement Account options that help you personalize your retirement plan and maximize your benefits. You can even roll over or invest funds from an existing IRA.
Traditional IRA
Anyone younger than 70 ½ with compensation may deposit to an account
Receive competitive dividends on your investment
Withdraw funds penalty-free for qualified expenses or after the age of 59 ½
Enjoy tax-deductible contributions*
Transfer from another qualified account to SIUE Credit Union
Pick your tax-protected investment from a standard savings account up to a 48-month certificate of deposit
Roth IRA
Open your account with only $25, and make contributions at any age
Receive competitive dividends on your investment
Enjoy tax-free distributions after age 59 ½ or for qualified expenses*
Transfer funds from another qualified account to SIUE Credit Union
Pick your tax-protected investment from a standard savings account up to a 48-month certificate of deposit
Visit the SIUE Credit Union office to talk with a member services representative about which IRA option is right for you!
*For qualifying individuals. Consult your tax advisor regarding tax deductibility and the credit union for complete details.
CESAs
Coverdell Educational Savings Accounts
This savings account was created as an incentive to help parents and students save for education-related expenses.
- Make contributions up to the limit established by the Internal Revenue Service
- Receive competitive dividends on your investment
- Contributions are not deductible, but amounts deposited in the account grow tax free until distributed
Mobile App
MOBILE BRANCH
GET THE SIUECU APP!
SIUE Credit Union Mobile Banking is designed to make it easy and convenient for you to manage your finances. We want to ensure that you enjoy the benefits of membership and access to your accounts 24/7.
- Pay Bills
- Links to SIUE Credit Union Facebook page
- Locate which ATMs in our network of surcharge-free ATMs are nearest you – and which accept deposits
- All transactional data is encrypted and no sensitive account information is stored on your mobile device.
Apple: Requires iOS 6.0 or later. Compatible with iPhone, iPad, and iPod Touch. This app is optimized for iPhone 5.
Open iTunes on your computer or the App Store on your device. Search “SIUE Credit Union.” Install the app.
Android: Requires 2.3.3 and up.
https://play.google.com/store/apps/details?id=com.metova.cuae.siuecu
OFFICE LOCATION
SIUE Credit Union
1566 Lewis Rd.
Edwardsville, IL 62025
(618) 650-3760
(618) 650-3768 fax
Lobby Hours
Monday through Friday
8:30 a.m. to 5:00 p.m.
Drive-Up Hours
Monday through Friday
8 a.m. to 5:00 p.m.
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