Savings • High Yield • CD's • IRA's  • IRA Certificates  • Checking 

Share Savings Account Our Share Savings Account is the account you open when you join the Credit Union. This is your main account and establishes your membership with a $5 deposit that must be maintained at all times. Funds can be deposited and withdrawn from your Share Savings Account at any time. Dividends are calculated daily and paid monthly.

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Insured High-Yield Accounts This account offers an opportunity for a higher rate of return on your investment without the risk. A tiered rate structure determined by your account balance usually pays higher than our regular savings account, while not as high as our certificate accounts. Account features include:

• Minimum $2,500 to open and earn a dividend

• Interest calculated daily and paid monthly

• Deposit or withdraw anytime (minimum $500)

• Investment insured up to $250,000 by NCUA

• High yields

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Attention CD Investors:
If you are investing more than $10,000 or more than $50,000, call the credit union for a special bonus rate quote. 

Certificates of Deposit  This is the way to go if you're looking to earn more with your savings than either our regular share or the Insured High-Yield account. You can lock in at a generous fixed rate for a variety of terms from 6 months to 60 months. Get piece of mind with your investment as well as these other features:

• Conveniently handled over the telephone

• Only $500 required to open

• Federally Insured to $250,000 by NCUA

• Interest paid and compounded monthly

• Automatically renewable to avoid hassles at maturity

• Flexible maturity dates to fit your timetable - Need cash for an upcoming event? Set your own maturity date!

• Same great terms available on all of our IRA products

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Individual Retirement Accounts  The Credit Union offers a full array of IRA products. An IRA is a great way to save for retirement, even if you are already covered by a pension. And recent legislation makes IRA's even more attractive than before with higher annual deposit limits as well as other improvements. Check out our various IRA products to see what works best for you:

• Traditional IRA: A good choice if you qualify for a tax deferment on your deposits. All earnings are also tax deferred until you withdraw the funds at retirement. Tax deferment means that you pay income tax on deposits and earnings, but not until you withdraw them from the account; and we assume that your income tax rate will be much lower at retirement than what it is right now while you are working.

• Roth IRA: You might consider this type if you don't qualify for tax deferment on your deposits. The best part about this account is that all of the earnings on your IRA are tax-free! That's right, assuming your funds are on deposit in the account a minimum length of time (determined by law) you pay NO TAXES on your earnings. This is a real plus when you add up all the interest you stand to make on this account over the years. Other deposit limits are the same as for Traditional IRA's.

• Education IRA: This IRA is really a savings account for your child's future education that gives you some tax advantages as the depositor. Rules and deposit limits have been greatly (and positively!) affected by recent legislation. This account deserves a fresh look!

Give us a call today to discuss these options and which might be right for you. (It's also a good idea to discuss it with your tax advisor.) ALSO CHECK OUT OUR IRA CERTIFICATES AND GET THE SAME HIGH YIELDS AS REGULAR SAVINGS CERTIFICATES!

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IRA Certificates This is the way to go if you're looking to earn more with your IRA than a passbook savings-type IRA. You can lock in at a generous fixed rate for a variety of terms, from 6 months to 60 months. You know that your IRA funds are going to wait awhile before you use them, so why not lock in a better rate and get piece of mind with your investment, as well as these other features:

• Conveniently handled over the telephone

• Only $500 required to open

• Federally Insured to $250,000 by NCUA

• Interest paid and compounded monthly

• Flexible maturity dates to fit your timetable

• Automatically renewable, so no hassles at maturity

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Checking Accounts As a member of the Credit Union, you'll love our Checking Accounts featuring NO monthly service charges. We believe in providing our members with a quality checking service without excessive fees - unlike many of the financial institutions in the area! Check out these member-friendly features:

• No monthly service charges or statement fees

• No minimum balance requirements

• Instant carbonless check copies

• Choice of several overdraft options including line of credit and auto-transfer from savings

• Multiple account access methods including ATM, Debit Card, Telephone Teller and Internet, as well as writing a check

Click to learn about ExpressLine!
A personal line of credit that also gives you overdraft protection on checking

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Generations Family FCU
902 S. Washington Avenue
P.O. Box 1964
Saginaw, Michigan 48605-1964
989.797.1585
Fax: 989.797.1590
info@mysaginawcu.com