Savings & Clubs

Savings ProgramsCoastal scene with boulders

The Credit Union philosophy depends on the pooling of assets by the members to provide funds for loans for individuals within the group. Members are encouraged to make regular deposits and to keep their accounts active.


Your savings account at the Credit Union is known as your Share Account. This account makes one a member and eligible to receive any of our other services. The Share Account must be opened before utilizing any of the other services of Eastmill Federal Credit Union.

  • This account has a required minimum balance of $25.00.
  • Dividends may be paid on balances of $50.01 or over.
  • Dividends are calculated using the Average Daily Balance Method and paid on the last day of the month.
  • Each primary account holder is eligible for $3,000.00 Group Accidental Death & Dismemberment policy, at no cost to member, by submitting an application. (Eligibility age is 18 and over. Benefits are reduced 50% at age 70.)
  • No service charges or monthly fees.
  • Statements are mailed quarterly.


Club Accounts

To aid you in meeting annual expenses, we offer two types of Club Accounts: Christmas Club Accounts and All Purpose Club Accounts.

Dividends are calculated using the Average Daily Balance Method and paid on the last day of the month. The rate offered on our share account also applies to the following club accounts:

Fall leaves around a lake with boater in fog

Christmas Clubs

  • Christmas Clubs begin in late fall of each year, although you may open one up at any time. Completed Christmas Clubs are deposited directly into the corresponding Share Account.
  • Your payroll-deducted Christmas Club will automatically be renewed for the same amount unless you notify the Credit Union of a change.

All Purpose Clubs

Another Club Account is available. We call it the All-Purpose Club Account. It works like a Christmas Club except that you have access to your funds when you need them. This is an account designed especially for those of you who want to "put away" extra money apart from your regular shares for some future use such as: vacation, household budget, taxes, luxury items, or any other reason you may want to save. Withdrawals from these Club Accounts should be less frequent than regular shares because it's for your "Special Purpose".