When it comes to personal banking, you deserve an institution that cares about your financial health as much as you do. Family Security Credit Union, a community-focused financial cooperative, has been serving its members for over 80 years.
The credit union offers a variety of savings accounts to fit your needs. From the basic Primary Share Account needed for membership to special Club Accounts and tax-advantaged Coverdell Education Savings, they have it all.
Family Security Credit Union is all about building lasting relationships with its members and the community. They focus on personalized service, competitive rates, and your financial well-being. This has earned them the trust of many generations of members who value their exceptional banking experience.
Key Takeaways
- Family Security Credit Union offers a wide range of personal savings accounts to meet your diverse financial needs.
- The credit union provides benefits such as dividend payments, flexible account options, and tax advantages on certain accounts.
- With a community-focused approach and a legacy of trust, Family Security Credit Union is dedicated to helping members achieve their financial goals.
- The credit union’s Primary Share Accounts have a minimum balance of $25.00, while the Daily Action and Club Accounts have various minimum balance requirements to earn dividends.
- Family Security Credit Union’s Coverdell Education Savings Accounts offer a tax-advantaged way to save for a child’s future education, with a $2,000 annual contribution limit.
Understanding Family Security Credit Union’s Legacy of Trust
At Family Security Credit Union, we’re proud of our history and our dedication to the community. We’re a member-owned, not-for-profit place where members come first. Our values are about trust, empowering our members, and giving them the best service.
History and Community Impact
Our credit union started over 50 years ago to help our local community financially. We’ve grown to be a trusted partner for families and businesses, supporting local growth and giving back. We’re known for being a reliable, accessible place that gets our members’ needs.
Core Values and Member Benefits
We believe in working together and making financial services available to all. Our members have a say in how we run things, helping shape our future. They get great rates, a wide range of services, and personal attention. We aim to help our members reach their financial dreams and build a strong future.
Comprehensive Personal Banking Solutions
At Family Security Credit Union, we offer a wide range of personal banking solutions. Whether you want to grow your savings, manage your daily personal banking, or look into loan options, we’ve got you covered.
Our savings accounts help you build a secure financial future. We have everything from traditional savings to health savings accounts (HSAs) and Coverdell education savings. These options are flexible and help you reach your savings goals.
For everyday banking, we have various checking accounts. Our Direct Deposit feature is a safe and easy way to get your paycheck. Our branches also offer Notaries and Medallion Stamps for important financial transactions.
Our loan options are diverse, covering personal loans, vehicle financing, and home mortgages. We work with you to find the right solution for your financial goals.
We also make sure your transactions are secure and smooth. You can use wire transfer instructions and dispute debit and credit card charges. Plus, with the MoneyPass ATM Network, you can get cash surcharge-free at nearly 30,000 ATMs nationwide.
At Family Security Credit Union, we’re committed to meeting your evolving financial needs. Whether you’re saving, managing your finances, or exploring loans, we’re here to support you.
Primary Share Accounts: Your Gateway to Membership
At Family Security Credit Union, the Primary Share Account is the start of your membership. You only need $25.00 to open it. This account gives you a share of ownership and a say in the credit union’s decisions.
Dividend Structure and Benefits
Your Primary Share Account earns dividends every month. These dividends are added daily and go straight into your account. The rate and APY can change, but you’ll always get a good return on your savings.
To keep your membership and avoid a $1 monthly fee, keep at least $25 in your account. But, this money can’t be used for overdrafts if you use the Overdraft Transfer Service.
Opening a Primary Share Account with just $25 makes you a valued member of Family Security Credit Union. You’ll get access to many banking solutions and community services. It’s the first step to enjoying the benefits of credit union membership and securing your financial future.
Daily Action Accounts for Flexible Banking
At Family Security Credit Union, we offer Daily Action Accounts for flexible banking. These accounts have no monthly fees and require a $2,000 balance to earn dividends. Families find it easier to manage their money by having all accounts in one place.
Our Daily Action Accounts let you make unlimited transactions in-branch and up to six withdrawals a month. This makes banking convenient and can help you earn more. Using automated processes can also teach kids about money management.
Our digital banking tools help improve your family’s financial skills. You can easily manage your accounts, transfer money, and keep track of your finances.
We at Family Security Credit Union aim to support your financial health. Our Daily Action Accounts are part of our effort to help families secure their financial future.
Club Accounts: Personalized Savings Solutions
At Family Security Credit Union, we offer Club Accounts for saving towards specific goals. These accounts earn dividends like our Primary Share Accounts. You can name them yourself, making them truly yours.
There’s no need to keep a minimum balance. Just $25 is needed to start earning dividends. You can add or take out money anytime, without any fees.
Account Features and Benefits
Our Club Accounts help you save for big moments and unexpected costs. They come with:
- Earn dividends on your savings
- Customize the account name to match your savings goal
- Make deposits and withdrawals without penalties
- $25 minimum balance to earn dividends
Customization Options
Make your Club Account fit your unique financial needs. Choose from types like Holiday, Vacation, or even Pet Care Club. This way, you can save for what matters most to you.
With Family Security Credit Union’s Club Accounts, you’re in charge of your savings accounts and personalized banking. Begin working towards your financial dreams today.
Digital Banking Services at Family Security Credit Union
Family Security Credit Union (FSCU) offers top-notch digital banking services. Members can access their accounts anytime through online and mobile banking. They can check balances, transfer funds, deposit checks, and pay bills from anywhere with internet.
The FSCU mobile app has a 4.8 out of 5 stars rating on Google Play Store from 782 reviews. It gives members easy access to digital financial tools. They can organize transactions, set alerts, make payments, and more, all while keeping their data safe.
FSCU’s digital banking also includes branch and ATM locators. This makes it easy for members to find and use their accounts whenever needed. The app recently got an update to version 3.18.1, fixing bugs and improving performance.
FSCU’s digital banking is all about security and ease of use. It helps members manage their finances confidently and conveniently. Whether you’re young or older, FSCU’s online and mobile banking meets your needs.
Mobile Banking Convenience and Features
Family Security Credit Union (FSCU) offers a top-notch mobile banking experience. Its app is easy to use on both Android and iOS devices. Members can manage their finances anywhere, anytime.
App Download Instructions
To get the FSCU mobile app, just search for “Family Security” in the Apple App Store or Google Play Store. It’s free and makes managing money easy and safe.
Security Measures
FSCU cares about keeping your financial info safe. The app uses strong security, like fingerprint and facial recognition login. It also lets you freeze cards, set travel alerts, and get custom alerts.
With the app, you can handle your accounts, pay bills, and even deposit checks remotely. It also lets you check your FICO® Credit Score for free every quarter.
For more details on the FSCU mobile app or digital banking, visit their website or contact a local branch. FSCU is all about giving you secure and innovative ways to manage your money.
| Mobile Banking Features | Description |
|---|---|
| Balance Inquiries and Transactions | Members can check account balances and view transaction history 24/7. |
| Funds Transfers | Members can transfer funds between their own accounts or to external accounts. |
| Bill Pay | Members can pay bills electronically, set up recurring payments, and receive reminders. |
| Mobile Check Deposit | Members can securely deposit checks using their device’s camera. |
| Card Management | Members can freeze misplaced cards, set travel notifications, and report lost or stolen cards. |
| Account Alerts | Members can set customized balance and transaction alerts to stay informed. |
The FSCU mobile app and digital banking services offer a smooth and secure experience. FSCU uses the latest tech to help you manage your money easily and confidently.
Health Savings Accounts (HSAs): Tax-Advantaged Healthcare Savings
Family Security Credit Union offers Health Savings Accounts (HSAs) for those with high-deductible health plans. These accounts help save for healthcare costs in a tax-friendly way. They offer a chance to plan for medical expenses while enjoying tax benefits.
With an HSA, you can deduct contributions up to $3,850 for individuals or $7,750 for families in 2023. If you’re 55 or older, you can add an extra $1,000. The money in your HSA grows without taxes, and you pay no taxes on withdrawals for medical expenses. This makes HSAs great for managing healthcare costs and saving for future medical needs.
To get an HSA, you need a qualifying high-deductible health plan (HDHP). This plan must have a deductible of $1,500 for individuals or $3,000 for families in 2023. The maximum out-of-pocket limits are $7,500 for individuals and $15,000 for families. Employer contributions to your HSA are tax-free and not subject to employment taxes.
Unlike FSAs, HSAs let you keep unused funds from one year to the next. This makes them a flexible and long-term option for healthcare expenses. The tax benefits and flexibility of HSAs make them a good choice for planning future medical needs.
| HSA Contribution Limits | 2023 | 2024 |
|---|---|---|
| Self-Only Coverage | $3,850 | $4,150 |
| Self-Only Coverage (age 55+) | $4,850 | $5,150 |
| Family Coverage | $7,750 | $8,300 |
| Family Coverage (age 55+) | $8,750 | $9,300 |
At Family Security Credit Union, we have a detailed HSA program for tax-advantaged healthcare savings. Our HSA program includes free online and mobile banking, a Visa® HSA Debit Card, and dividends on balances of $100 or more.
Whether you’re an individual or a business, Family Security Credit Union can help with tax-advantaged healthcare savings. Contact us to see how an HSA can improve your financial health.
Coverdell Education Savings: Investing in Future Education
At Family Security Credit Union, we offer Coverdell Education Savings Accounts (ESAs). These accounts help parents and students save for school costs. They’re a smart way to invest in your child’s future, covering both college and K-12 expenses.
Contribution Guidelines
Coverdell ESAs let you contribute up to $2,000 each year for each child. While you can’t deduct these contributions from your taxes, the money grows tax-free. Plus, you won’t pay taxes on withdrawals for qualified education expenses.
Tax Benefits and Distributions
The money in a Coverdell ESA grows without being taxed. And, if you use it for college or K-12 before age 30, you won’t pay taxes on it. This makes Coverdell ESAs a great choice for families wanting to save for school without breaking the bank.
At Family Security Credit Union, we know how crucial it is to invest in your child’s future. Our Coverdell ESAs are a flexible, tax-smart way to save for education. They help you build a secure financial future for your family.
Insurance Solutions Through TruStage™ Partnership
At Family Security Credit Union, we know how vital financial protection is for our members. That’s why we’ve teamed up with TruStage™, a well-respected insurance provider. They have over 80 years of experience working with credit unions. Together, we offer a variety of reliable insurance options to our members.
TruStage™ offers many insurance products, like Life, Auto & Home, and Accidental Death & Dismemberment (AD&D) Coverage. Members can get instant, no-obligation quotes and find the right coverage for their needs on the TruStage™ website.
Accidental Death & Dismemberment (AD&D) Coverage
The Basic AD&D insurance may qualify for credit union members. It offers coverage in case of accidental death or specific injuries. It’s available at a cost-effective monthly rate.
The Family Plan covers the insured, spouse, and dependent children. Insurance amounts vary for each category. Plus, coverage can increase annually by 5%, up to a total of 50% over 10 years, at no extra cost.
The plan also includes hospital benefits. It provides up to $1,000 per month or $12,000 per year for confinement exceeding seven days due to covered accident injuries. It’s designed to protect against accidental death and dismemberment incidents, excluding natural causes. AD&D insurance can also be complemented with life insurance, covering injuries such as loss of eyesight, hearing, or specific limbs.
The Additional Coverage plan offers enhanced benefits. It includes a Double Accidental Death Benefit, Seatbelt/Airbag Benefit, and Child Care Assistance. However, once an insured individual or spouse reaches 70 years of age, the coverage amount reduces by 50%. It’s important to note that AD&D insurance does not cover deaths related to natural causes, like viruses or infectious diseases.
The coverage amounts for the Accidental Death & Dismemberment insurance offered through TruStage range from $10,000 to $300,000. Under the Additional Coverage plan, the value of coverage can increase by 5% each year for up to 10 years, reaching a total increase of 50% without added cost. Spouses can be covered at 50% of the chosen coverage level under the Family Plan, while dependent children are covered at 20% (or 25% if there is no spouse).
The Additional Coverage benefits double if the insured person dies within one year of an accident while traveling on public transportation as a ticketed passenger. An extra 10% payout is also provided under the Additional Coverage plan if the insured dies in a private vehicle accident while wearing a seatbelt or being protected by an airbag. The Family Plan also includes a Child Care Assistance benefit, paying up to $160 per month for childcare expenses if an insured spouse dies in an accident.
It’s important to note that once an insured person or their spouse reaches age 70, the coverage amount is reduced by 50%. Additionally, AD&D insurance coverage is exclusively for accidents and does not include coverage for death resulting from natural causes. Lastly, it’s important to understand that only one benefit is payable per covered person under the policy.
By partnering with TruStage™, Family Security Credit Union is committed to providing our members with comprehensive insurance options and financial protection solutions. Our goal is to empower our members with the tools and resources they need to make informed decisions and achieve their financial well-being.
Secure Online Banking with FSCU@HOME
Family Security Credit Union knows how crucial secure online banking is today. Our FSCU@HOME platform gives you a full range of tools to manage your money from home.
Account Management Features
With FSCU@HOME, you can easily check your account balances and move money between accounts. You can also set up bill payments with just a few clicks. Our easy-to-use design makes managing your finances online a breeze.
Security Protocols
At Family Security Credit Union, keeping your info safe is our main goal. Our FSCU@HOME uses strong security measures to protect your transactions and data. This means your online banking is secure and worry-free.
The My FSCU app has a 4.8 out of 5 rating from 782 reviews. This shows our dedication to a user-friendly and dependable digital banking experience.
Family Security Credit Union aims to give you the tools and security to manage your finances confidently. Check out FSCU@HOME’s features and security today for a secure online banking experience.
Investment and Wealth Management Services
At Family Security Credit Union, we know how vital it is to grow and protect your wealth. That’s why we offer top-notch wealth management and investment options. These services are designed to help you reach your financial dreams.
Our skilled financial advisors are ready to guide you. They can help with everything from retirement planning to saving for education and estate planning. Whether you’re aiming for long-term wealth or need help with everyday finances, we’re here to assist.
| Investment Options | Wealth Management Services |
|---|---|
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Our advisors will craft a plan tailored just for you. They consider your risk level, how soon you need the money, and what you like to invest in. We promise clear and fair pricing, with no surprise fees. This way, you can focus on securing your financial future without worry.
Ready to start saving or want to boost your current portfolio? We’re here to help. Book a free meeting with one of our advisors. They’ll show you how we can help you achieve your wealth management and investment goals.
Community-Focused Banking Approach
Family Security Credit Union (FSCU) is known for its community-focused banking. It started in 1949 with just $40 from a group of Buick employees. Today, it serves members in Michigan and Ohio. By 2002, it became a Community Chartered Credit Union, expanding its reach.
FSCU has grown by merging with other credit unions and opening new branches. This helps it understand and meet the financial needs of its members better.
FSCU is dedicated to financial education and community involvement. It offers financial literacy programs and partners with organizations like Banzai for coaching. It also has a “Who Knew? FSCU” video series to empower its members and the community.
FSCU also supports local projects and schools. It runs the FSCU Community Foundation, which uses a portion of debit card purchases for community initiatives.
FSCU goes beyond just financial services. It participates in community service activities like planting trees and supporting diaper banks. This commitment to the community’s well-being sets FSCU apart and aligns with its mission.
FSCU’s local decision-making process allows it to tailor financial solutions for its members. This personalized attention and service are unique to credit unions like FSCU. This approach has strengthened FSCU’s reputation and attracted members who value its local roots.
| Community Initiatives | Impact |
|---|---|
| 250 Acts of Kindness by 2025 | Strengthening the credit union’s commitment to the community |
| Financial Education Programs | Empowering members and the broader community with financial literacy |
| FSCU Community Foundation | Channeling a percentage of member debit card purchases towards community initiatives |
| Community Service Activities | Engaging employees in local projects to support the communities FSCU serves |
FSCU’s community-focused banking approach shows its deep roots in local communities. By focusing on financial education, community involvement, and personalized service, FSCU has become a trusted financial partner.
Mobile Check Deposit and Bill Pay Services
Family Security Credit Union knows how important convenience is in banking today. Their mobile app makes it easy to deposit checks and pay bills. This lets members handle their money easily.
How to Use Mobile Deposit
Members can deposit checks using their smartphones. Just take a photo of the check’s front and back. The money goes into your account in a couple of business days.
The check photo stays on your phone for 45 days. This keeps a digital copy of the deposit. You can deposit checks anytime, even on weekends and holidays.
Bill Pay Features
The app’s bill pay service makes paying bills simple. You can set up one-time or regular payments. You can also check your payment history and set reminders.
Family Security Credit Union wants to make banking easy for its members. They offer mobile banking and digital payments to help manage money. This way, members can use banking services whenever they need to.
Financial Planning and Advisory Services
Managing your finances can be tough and confusing. That’s why Family Security Credit Union offers financial planning and advisory services. Our team of experts is here to guide you towards your financial goals. They provide personalized advice and solutions that fit your needs.
Looking to plan for the future, pay off debt, or save for retirement? Our credit counseling services are here to help. We’ll look at your finances, find ways to grow, and create a plan for you.
Our services are more than just banking. We offer investment advice, tax planning, and help with estate planning. You’ll get advice that’s just for you, helping you make smart choices for your future.
