Savings/Checking Accounts

Shares

A minimum of $25.00 must remain in the account to maintain membership. Dividends are calculated by the daily balance method and credited to your account monthly. No monthly service charges. We offer direct deposit/payroll deduction for your financial convenience. Your share accounts are federally insured by The National Credit Union Administration. Contact us for information on how you can increase the insurance protection of your funds through separate ownerships.

Our CHRISTMAS CLUB ACCOUNT is another savings vehicle. Members may withdraw up to three times between October 15th through December 25th without a service charge. Withdrawals at other times of the year are subject to an early withdrawal fee.

    See Share Rates.

Share Draft Accounts

You now have two choices for your ESCU checking account – our Interest Share Draft Account or our Regular Share Draft Account.

Prefer to earn interest on your checking account? Our Interest Share Draft Account pays interest on daily balances above $5,000. There is no monthly service charge with a minimum balance of $2,500 or more. Accounts below this minimum balance will be charged $7 per month.

Need a great FREE checking account? Our Regular Share Draft Account has no monthly service charge, no per check charge, and no minimum balance. Our Visa Debit Card is free too! Plus we offer free Virtual Branch access. You can even try out our Bill Payer free for 90 days.

    See Share Draft Rates.


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Money Market Accounts

For the member who desires a higher return without a stated maturity date, look into our Money Market Accounts. Rates are tiered according to the account balance with a $2,500 minimum required. Dividends are paid monthly. A limit of 3 transactions per month, $10 fee for each transaction over three.

    See Money Market Rates.

Share Certificates of Deposit

Electric Service Credit Union is "Not For Profit". This means we can afford to pay higher rates on our CDs. Check out our rates and monthly specials!

The Credit Union offers terms of six months to five years. Minimum deposit for a regular term Share Certificate is $1000. All certificate "specials" require a minimum deposit of $5000.

    See CD Rates.

Individual Retirement Accounts

Individuals may contribute up to $4,000 per year into an IRA account. Many IRA contributions are fully tax-deductible. Even if only part of your contribution is tax-deductible, earnings are tax deferred until withdrawal. Deposits may be made through NES payroll deduction on a regular basis. Once a balance of $1,000 is reached in this account, IRA savings may be transferred to an IRA Share Certificate. These accounts are for terms of 24 or 36 months. IRA accounts may be opened for Traditional, Educational and Roth IRA's. Consult your tax advisor about eligibility and the benefits of IRA accounts.

    See IRA Rates.