Checking and Savings Accounts

Regular Savings

We encourage our members to save on a regular basis. Members savings are called 'shares'. The interest (dividends) paid on shares are generally higher than the rate paid by other financial institutions on similar passbook-type savings.


It only takes $1 to open a checking account with Greenwood Municipal Federal Credit Union. That's right, just 4 quarters, 10 dimes, 20 nickels or 100 pennies will give you access to the best checking account in the region. 

Youth Savings

The GMFCU youth accounts start accruing dividends daily and posted quarterly once the initial $25 is reached. This account must have a joint owner.

Youth Checking

This is a checking account available with an adult co-signer. The account allows 1 second chance pass and also free checks. Ages 10-13 you can request a ATM card and Ages 14-17 you can receive a Debit card or a ATM card.

Share Certificates

Another great way to save is through our share certificate program. Share certificates are available for 6,12,18, 24, 36, and 48 months. (Federal regulation require penalties for early withdrawal.)

Individual Retirement Accounts (IRAs)

Anyone under age 70 1/2 who is earning an income is eligible to open an IRA. There is no administration fee and it is federally insured dividends paid quarterly.

Christmas Club

Christmas time can be less hectic with a credit union Christmas Club Account. Deposits can be made by payroll deduction.

Money Market Accounts

GMFCU offers its members the best of financial services with its Money Market Investment Account. It provides the convenience of a share draft account and a higher rate of return like an investment account, and the money is accessible at any time and for any reason simply by writing a share draft (check), making cash withdrawals, or through transfers to other accounts


As a reward for investing in your credit union, members receive attractive dividends on their savings. Dividends are announced and paid quarterly. The dividend compares very favorably with the interest paid on regular pass-book type savings. offered by local banks and savings and loans. Contact the credit union office for current dividend rates.