When you become a member of the credit union, you are an owner of the credit union. The $25 initial deposit is your share of ownership in the credit union. Members must maintain a $25 balance in their primary savings account, and demonstrate regular activity in their account to keep it open.

Other features of Savings Accounts include:

• A competitive interest rate paid quarterly on the average daily balance in your savings account. Click here for current rate information.
• Savings accounts may be set up for any purpose . Make deposits at the credit union, transfer money online or over the telephone.
• Withdrawals: Use your ATM card. Members without checking will be charged $1.00 per transaction. There may be surcharges in addition to the credit union transaction fee. For surcharge free machines, check the CU HERE Program box at http://cu24.com/ to find an ATM near you. If the money is in a special purpose savings account, you will need to transfer the money over the telephone or online before you may withdraw it from the ATM.

Call QuikServ, the automated telephone teller to request a check.

Call or visit RECU and speak with one of the tellers. Members may make two withdrawals per month at no charge. Additional withdrawals will be assessed $5.00 per withdrawal.

There is no fee to transfer money to your checking account or make a loan payment.

• Online and telephone access to your account.
• Quarterly statements by mail.
• Deposits: You may make deposits to your savings account at any RECU branch. (Click here for directions to branches.) Deposits may also be made at any Macy's Central Gift Wrap in Alabama, Georgia and South Carolina by using your member number, by mail, or transferring from one of your other accounts.
• Payroll deduction: Check with your employer how to start payroll deduction. Use your member number when setting up direct deposit. If you wish to have money deposited to a Christmas or special purpose savings account that you set up, please contact the Credit Union for assistance.

If you have any other questions about savings accounts at RECU, contact us.