Savings Accounts
The first account you will open when you join Southeast Financial Credit Union is a Membership Share Account, which is a Share (also known as a "Savings") Account.
Unlike a bank, credit unions are owned by their members, not shareholders, and a Membership Share Account is your portion of ownership into the credit union. A membership share is $5.00, which is the minimum deposit and balance required for this account. Of course, you may always deposit more if you want to build your savings, and your $5.00 is returned to you if the account is ever closed.
Once your Membership Share Account is established, you may open as many Share Savings Accounts as you would like or need, and a minimum balance is not required on these additional Share Accounts. These additional Share Accounts are a great way to organize your funds to save for emergencies, large purchases, or any other goal.
All Savings Accounts include access to Online Banking and our Mobile App for Apple and Android so you can stay connected to your accounts anywhere, anytime.
Christmas Club Accounts
Looking for an easy way to save money throughout the year for holiday shopping, vacations, or anything you want? Get started with a Christmas Club Account. Plus, if you set up an automatic deposit from your paycheck or another account, you'll save without realizing it!
Christmas Club Accounts are a hallmark of credit union offerings with many members taking advantage of the incentivized saving opportunity. We’re proud to continue offering this product that’s been around since our founding.
There is no minimum balance required. You may withdraw your Christmas Club Account for a summer vacation or anything else without penalty in July, and your funds are automatically rolled over to your savings or checking account on November 1 each year.