Questions members frequently ask about Savings accounts

Is my money safe in a Savings account?

Your NuUnion Savings accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), the federal credit union regulator and insurer.

I already have a savings account. Why should I move it to NuUnion?

It's convenient to conduct your financial business at one location. Your savings may also earn more at NuUnion - our dividends are generally higher than most area banks, and we have no monthly fees, which can save you money.

Can I make withdrawals from my Savings account?

Withdrawals from all Savings accounts are limited by Regulation D (Reg D). This is a federal regulation all financial institutions must follow. It puts restrictions on the number of withdrawal transactions through electronic channels that are allowed on savings accounts. Reg D limits these withdrawals to six (6) per month.

Transactions that count towards Reg D limitations

Transactions or withdrawals made to another account of yours at NuUnion if made by:

• Pre-Authorized Transfer (including ACH and overdraft transfers)
• Internet Banking
• Phone Banking

Transactions or withdrawals to a third-party if made by:

• Pre-Authorized Transfer (including ACH)
• Internet Banking
• Phone Banking
• Check (available on Money Market only)

Transactions that DON'T count towards Reg D limitations

Deposit transactions.

Transactions or withdrawals made:

• In person or at a branch
• By mail request
• Staff assisted phone call
• At an ATM
• Withdrawal by check payable to yourself requested through Phone Banking

Automatic transfers made for:

• Repayment of a NuUnion loan
• Payment of a service fee at NuUnion