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Shares

Share (Savings) Account
Your share account is the basic savings account that establishes your credit union membership. Dividends are paid on the entire balance (balances are tiered such that, the higher the balance - the higher the rate), calculated on the average daily balance, paid and compounded quarterly. There are no start up fees or periodic maintenance fees on any of our savings accounts.

Club Accounts
Whether it's saving for Christmas, vacation or any special purpose, club accounts help you meet your goals and earn dividends. If you also have an active share draft (checking) account and Visa Debit card, your Christmas and Vacation club accounts will earn you an 8% rate of return!

Share Draft (Checking) Account
Here's the better alternative to bank checking, our credit union share draft account. Credit union drafts are used just like checks - to pay bills, make purchases, get cash - but with important advantages, like NO service fees for regular use, NO minimum balance requirements, NO per check charges - AND we pay you dividends on the average daily balance! Monthly statements are provided for your convenience. Overdraft protection is available.

Individual Retirement Account (IRA)
This is a great way to save for a comfortable retirement while earning tax-deferred interest on your money. We offer a variety of IRA programs with highly competitive rates AND no matter how low rates market rates may go – our goals is to never go below 4%. We realize how important your retirement funds are!

Coverdell Educational Savings Accounts (ESA)
This is a great way to save for a child’s education. Although contributions are not tax-deductible, distributions used to pay for most educational expenses are generally tax-free. These accounts can be used in addition to most State or other educational programs and pay for many expenses not covered by others. Also, these accounts can be transferable and almost anybody can make contributions! Our ESA rates will always equal or exceed our IRA rates.

Share Certificates
We offer a variety of certificate accounts paying competitive rates on a minimum investment of $10,000 with various terms. We have discretion to match any local rate offerings!

NCUA Share Insurance
Each member's account is federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, a United States Government Agency.

 

Monroe County Teachers Federal Credit Union
PO Box 2666, Key West, Florida 33045-2666

305.296.8546 Phone / 305.293.9588 Fax


Your savings Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, A U.S. Government Agency.

 

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