Your parents or grandparents may have opened a Share Savings Account (or Membership Account) for you through our Captain Cash Club. If not, you can open a Share Savings Account now with a minimum deposit of just $5.

You may have an ATM card if you have a Share Savings Account. You will need to have your parent or guardian sign a Parental Acknowledgement Form and get a passing grade (80% or better) on a product quiz to obtain an ATM card.

Once you’ve opened your Membership Account, we have other ways to help you make the most of your savings. It can be tough to think about saving money long term, especially when there are things you want right now. It’s never too soon to plan for the future … here’s how we can get you started:

Money Market Investment Account (MMIA)
Our MMIA pays a higher dividend rate than a regular Share Savings Account. You can open a Money Market Investment Account with a minimum deposit of $250. As long as you maintain the minimum balance of$250, you’ll earn monthly dividends at the current variable MMIA rate. If your balance falls below the minimum, you’ll earn the regular Share Savings rate. You may make deposits, withdrawals or close the account at any time with no penalty.

Youth Add-On Share Certificate
With a minimum deposit of $250, you can open a Share Certificate. We offer a 24-month term at a fixed rate. You may make additional deposits at any time.

Deposit Insurance
The National Credit Union Administration (NCUA) is the federal agency that insures savings at most credit unions across the country. Just as banks are insured through the Federal Deposit Insurance Corporation (FDIC), credit unions are insured through the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the United States government.

Your savings are federally insured to at least $250,000. At SELCCU, we go one step further in protecting your hard-earned dollars. We provide up to an additional $250,000 of savings protection to each qualified account through Excess Share Insurance (ESI), a subsidiary of American Share Insurance (ASI), the nation's largest private deposit insurer of credit unions. You’ve worked hard to save money. You can count on SELCCU to take good care of it.