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Deposit Accounts
Share Savings
Accounts
A Share
Savings account is a critical part of
everyone's financial picture. If you need
a safe place to keep your money, a
share savings account is your answer. And
when your money is in your credit union
share savings account , your money
earns interest. This is a great feature
which allows you to watch your money
grow!
Federally
Insured Savings in
PG&W Employees Federal Credit Union are
backed by the National Credit Union Share
Insurance Fund (NCUSIF) a fund maintained by
the U.S. Treasury. The NCUSIF is
administered by the National Credit
Union Administration, an agency of the
federal government, which insures your
savings up to at least $250,000. Federal
insurance protects your money at PG&W
Employees Federal Credit Union in your share
savings, share draft (checking) and share
certificate
accounts.
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Share Draft (Checking) Accounts
Unlike most
checking accounts available elsewhere, PG&W
Employees FCU's share draft accounts pay you
interest on the money you keep in your account.
Plus, we don't require you to maintain a minimum
balance in your account to avoid a penalty.
Our share draft accounts come with a variety of
benefits such as a free box of checks each
year to members who have direct deposit. PG&W
Employees FCU's share draft accounts also come with
FEE FREE overdraft protection from your share
savings account. (limited to 6 per month)
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Need Checks?
PG&W Employees has
changed our check
printing vendor and this
has allowed us to offer you more
affordable check
designs. To view the
current check design catalog,
please click on the link to the
right.
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Vacation Clubs
We all need a vacation, but saving
up for one is easier said than done. PG&W Employees FCU
provides our members with the ability to have a separate
interest bearing account to set funds aside for a vacation.
You can deposit the funds at your convenience, whether that
is weekly, bi-week or monthly. You can also have the
funds deposited via payroll deduction.
Since everyone
doesn't' go on vacation at the same time, there is no set
maturity date on our vacation club accounts. When you're
ready to go on vacation, you can simply withdraw the funds
at your convenience. You may withdraw a portion of the funds
or all with no penalty.
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Christmas Clubs
Save a little amount regularly for
Christmas and enjoy the warmth and good cheer of the
season without worrying about how to pay for it. You
can save as little or as much as you want. Also, you
can deposit the funds at your convenience, whether
that is weekloy, bi-week or monthly. You can
have the funds deposited via payroll deduction or
you can send the funds to the credit
union
Upon maturity, which is usually the
beginning of October, the proceeds, along with
dividend for the year, is deposited into your share
draft (checking) account. If you do not have a share
draft account with us, the funds will be deposited
into your share (savings) account. At which time you
may request a check mailed home when you're ready to
go shopping. Christmas clubs are automatically
renewed, and new clubs can be opened at anytime
during the year.
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