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. Life Savings Insurance Regular saving is a good idea. But saving money is often easier said than done. That's why we've teamed up with CUNA Mutual Group to offer you a lifetime incentive to save. When you open and maintain a share savings account, you receive a special type of life insurance at no cost to you! Life Savings insurance is tied directly to the balance of your savings account. The more you save, the more insurance you have.
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)
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.
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.
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.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA National Credit Union Administration, a U.S. Government Agency
