Regular Savings

We encourage our members to save on a regular basis. Member 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 $1.00 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 $25.00 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 one second chance pass and free checks. Ages 10 - 13 you can request an ATM card and ages 14 - 17 you can receive a Debit card or an ATM card.

Youth Certificates

The GMFCU Youth Certificates offer a 12 month term at a competitive annual percentage rate. This account requires $500.00 to open, and may add on monthly by $100.00 increments.

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 who is earning an income and under the age of 70 1/2 is eligible to open an IRA. There is no administration fee and it is federally insured. Dividends are 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 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. The money is accessible at any time and for any reason by simply 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 accounts offered by local banks. Contact the credit union office for current dividend rates.