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Regular Share Account
- The first $5.00 deposit in this account represents your Credit Union share. This $5.00 must remain on deposit in order for you to use services and to vote for the Board of Directors.
- This account is also used for the automatic transfer of loan payments, family transfers, insurance payments, mortgage payments, and transfers to other CP Federal accounts.
- Your balance in this account earns a dividend which is computed on the average daily balance, and paid monthly.
- There is a one time membership fee of just $1.00.
Health Savings Account (HSA)
With the recent changes in the health insurance industry and the rise of the High Deductible Health Care Plan we are now offering HSA Accounts.
Great Expectations Savings for Ages 0-19
Savings account for your future.
Save money for your education, first automobile or first home.
CP Money Tree
Save money easily with your CP Money Tree Account.
- This interest bearing account allows you the flexibility of unlimited withdrawals and deposits.
- The CP Money Tree Account is ideal for members who wish to save money for specific needs.
Super Cash
- Earn higher interest with your CP Supercash Savings account for balances of $5,000 or more.
An interest premium is paid on balances of $20,000 and over.
You can make up to 6 withdrawals and/or transfers per month.
The interest rate is established monthly by the Board of Directors, computed daily and compounded monthly.
Visit our rates page for the most recent Super Cash Interest rates!
Independent Checking Ages 18-25 (minimum age 16 with parent co-signer)
*Regular Share Account required
- Non interest bearing checking account
- No monthly maintenance fees
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No per check fees
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No minimum balance required
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Free Home Branching online account access
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Free Overdraft transfers from savings (must have share savings account first)
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Discounted rates on consumer loans*
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*Excludes VISA, Mortgages, Lines of Credit, Home Equity and Student Loans
Benefits Plus Checking
A checking account that delivers added value by offering discounts and savings on products and services that club members utilize every day. It's a checking account with the red carpet treatment and numerous ways members can save.
Benefits Include:
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One FREE box of Benefits Plus style checks
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FREE Home Branching and Bill Pay
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Unlimited ATM usage
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Higher rates on certificates (0.10% APY increase on current rates)
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Discounted rates on consumer loans* (0.25% APR decrease on current rates)
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$100.00 off closing costs on mortgage loans
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$5.00 per month service charge
Additional Benefits for Golden Power Club Members Only:
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One Free box of Benefits Plus style checks with every check order
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FREE money orders
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FREE travelers cheques
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No annual fee for the VISA Classic (Ages 62 and over)
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FREE wire transfers and check certification
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FREE Medallion Signature Guarantee
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$2.00 per month service charge (first year FREE)
*Excludes VISA, Mortgages, Lines of Credit, Home Equity and Student Loans
Benefits Plus Checking brought to you by Generations Gold!
FREEdom Checking
Checkmate Overdraft Privilege
Overdraft Consideration for Checking Accounts Exclusively for Eligible CP Federal Credit Union members. We will charge our normal non-sufficient funds or overdraft charge, as set forth in our fee schedules, for each item that would create an overdraft on your account. We are not promising to pay your overdrafts, not all accounts are eligible, and some restrictions do apply.
- Avoid high charges from merchants for returned checks
- New convenience and flexibility in managing your funds
Payment of Overdrafts will be considered for the following account types:
- Freedom Checking - Overdrafts up to $800
- Benefits Plus Checking - Overdrafts up to $800
- Golden Power Club - Overdrafts up to $800
- Business Checking - Overdrafts up to $1,500
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