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Savings

Become a Member with a Parsons FCU Share Savings

When you become a member of Parsons Federal Credit Union, your initial $5 deposit to your Share Savings account makes you a partial owner of the credit union. That's right! It only takes $5 to become a member-owner of your credit union. That's what makes our relationship so unique. Once your Share Savings account has been set up, you will be eligible for all of the other amazing benefits we have to offer such as better rates on loans, convenient access to online banking, bill payment, mobile deposit, electronic statements and so much more!

  • Open and maintain a Share Savings account with a balance of $5 or more
  • Earn dividends from the day of deposit
  • Enjoy paid monthly dividends
  • Easy and convenient account access through online banking, fee-free Co-Op ATMs, shared branch locations, and mobile banking

If you have any questions, please feel free to reach out to us and speak with a Member Services Representative by calling (800) 765-4527.

Apply Now 

Other Additional Savings Accounts We Offer

Holiday Club Savings Account

A unique savings account for members to earn a higher return just in time for the holidays. Use a Parsons FCU Holiday Club Savings Account for seasonal expenses — and you’ll have even more to celebrate! 

  • Open any time of the year
  • Earns dividends from the day of deposit
  • Set up automatic transfer from your savings or checking account

Holiday Club savings accounts mature on November 1st of every year.   The balance is then conveniently transferred to your Parsons FCU savings or checking account. Click for current Holiday Club Savings Account Rates.

Apply Now

Health Savings Account (HSA)

We offer our members Health Savings Accounts (HSAs) — savings plans that offer those with high deductible health plans a different way to pay for health care. To qualify for an HSA, you must be enrolled in a High Deductible Health Plan (HDHP). An HDHP, sometimes referred to as "catastrophic" health insurance, generally does not pay for the first several thousand dollars of health care expenses (i.e. your "deductible") but will cover your expenses after the deductible has been met. The money deposited into an HSA would help pay for the expenses your HDHP does not cover and offers benefits such as:

  • Helps you save for present and future medical expenses
  • Allows your savings to grow tax-deferred*
  • Provides additional tax advantages*
  • Allows you to control how and when your savings are spent**
  • Has no "use it or lose it" restrictions
  • Help to pay certain health insurance expenses after age 65

For additional details and to open your HSA today, contact us at (800) 765-4527 (no electronic form is available at this time).

*Please consult your tax advisor.

**Non-qualified medical expense distributions may result in additional taxes and penalties.

 

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