Savings Accounts

When you open a savings account with SRP Federal Credit Union, you become a shareholder and owner of the credit union. The $0.01 deposit required to open this account buys your share. That's why we sometimes refer to your savings account as a share account. It represents your share of the credit union. You are now part owner, and a member of SRP Federal Credit Union. Your share account earns monthly dividends with no minimum balance (except your $0.01 share).

Christmas Club

Relieve holiday stress with a Christmas Club Account. Open the savings account with as little or as much as you choose. Make deposits in person, through payroll deduction, by automatic transfer, or through SRP Online. Your money will earn dividends from the date of deposit. Then, on October 31, you'll receive your nest egg just in the St. Nick of time. You can have your money automatically transferred into the account of your choosing.

IRAs and ESAs

An IRA allows you to save a portion of your earnings during your working years for use during retirement. An IRA is similar to regular savings; however, dividends earned are exempt from federal and state income taxes until withdrawn. Participation in this program is subject to rules and guidelines as enacted by Federal Legislation. SRP Federal Credit Union offers a variety of IRAs, including Traditional, Roth, and Coverdell Education Custodial Accounts (ESA). We offer competitive dividend rates with no maintenance or set-up fees.

Share Certificates

SRP Federal Credit Union offers share certificates at competitive dividend rates. This account requires a minimum deposit of $500.00, requires funds to remain on deposit for seven days or more, and carries a penalty for early withdrawal.