Our MTEFCU Savings Account has a wide variety of options and features to fit your financial needs.

Your $25 opening deposit establishes your membership and buys you a “share” in the credit union. You become a member/owner at the Michigan Tech Employees Federal Credit Union.


  Open with a minimum balance of $25

  Access your funds with a Debit Card

  Interest accrues daily and is paid quarterly on March 31, June 30, September 30, and December 31. You will receive statements quarterly (monthly if you have electronic activity or a checking account)

  Free eStatements via Online Banking


Please note:

If there is no activity in your account within a 12 month period then you may receive a $5.00 inactive account fee.

Federal Reserve Board Regulation D limits the number of certain withdrawals from savings accounts. As required by regulation, we monitor your accounts to ensure the transaction restrictions are observed. Beginning on May 1, 2015, your Credit Union will begin limiting withdrawals covered by the regulation from savings accounts (including your primary share account, any secondary share savings accounts, and minor shares as well as member perks accounts).


Other share products and services include:

Debit / ATM Card – Access thousands of surcharge free MoneyPass Network ATMs!
Share Certificates – Open a certificate to save for something special (higher dividends than savings)
Youth Savings – Start saving at an earlier age (for members age 17 and under)
IRAs – Save for your retirement with a Individual Retirement Account
HSAs – Save for future medical expenses by opening a Health Savings Account
Direct Deposit – Automatically deposit your paycheck to your account
Payroll Deduction – Set aside a bit of money from each paycheck
Deposit Insurance – Your share account is federally insured by the NCUA up to $250,000

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Current Rates
Vehicle Loans APR*
New Auto - 1.99%
Used Auto - 2.99%
New Recreational - 1.99%
Used Recreational -3.49%
Home Equity Loan APR*
60 Month - 4.75%
84 Month - 5.00%
120 Month - 5.50%
Share Certificates APY*
6 Month - 0.45%
12 Month - 0.60%
24 Month - 0.90%
*Rates listed represent our best rate and is based on credit history. Rates are subject to change. Contact MTEFCU for details.