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.

Debit Card Account

It only takes $1.00 to open a debit card 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 debit card account in the region. 



Saving is an essential part of preparing for your future. At Greenwood Municipal Federal Credit Union, we offer multiple accounts built specifically to help you reach your long-term financial goals.

Debit Card Account

At Greenwood Municipal Federal Credit Union, we understand that not everyone banks the same way. That’s why we now offer multiple debit card account options — so you can choose the one that’s best for you.

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 Debit Card Account

This is a debit card account available with an adult co-signer.
For 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 taxable compensation of any age is eligible to open a Traditional IRA. The Traditional IRA is federally insured through NCUA. Dividends are paid quarterly and an annual administrative fee is assessed.

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 Debit Card 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 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.