Special savings programs for service men and women
Service Credit Union is proud to serve our armed forces, veterans and their families. If you are a member of one of these groups, you may qualify for exclusive savings benefits catered to your specific financial needs. These savings options pay higher dividends than regular accounts.
Enhance your savings power with a Service Credit Union Primary Savings Account. Enjoy a 5% APY on the first $500 and .5% APY on all funds over $500*. Plus you’ll become a member-owner of Service Credit Union.
Deployed Warrior Savings
If you’re a member who’s currently serving active duty in a combat zone as defined by Service Credit Union, you qualify for an annual savings rate of 10% APY with a deposit of up to $10,000.**
Contact us to determine if you qualify.
*Annual Percentage Yield (APY) is accurate as of the last dividend declaration date of 01/01/2020 and subject to change without notice. Dividends paid on average daily balances of $500; variable APY of 5.00%. If average daily balance exceeds $500, the remaining balance will receive variable APY of 0.50%. A minimum deposit of $5 is required to open a Primary Savings account.
**Warriors deployed in combat zones may deposit up to $10,000 into a SCU Warrior Savings Deposit Account which earns 10% APY (Annual Percentage Rate) up to $10,000.00. $10,000.01 and above earns 0% APY. Rates are variable and subject to change; accurate as of 01/01/2020. Service member must be serving in a combat zone as defined by the IRS; orders of deployment to a combat zone must be provided. No minimum balance is required to open the account; $5 deposit is required to open the savings account. Monthly deposits into Warriors Savings account cannot exceed the amount of your monthly government pay, however, deposits into the Warrior Savings account may be direct deposit, an allotment, or a transfer of funds from an SCU account. Withdrawals are not permitted from the Warrior Savings account, or it will revert back to a SCU Primary Savings account. Account will stop accruing 10% APY at the end of the month of return date per deployment orders plus 120 days. E-Communications are required.