How do I open a savings account?

• Come into any OCFCU branch location and a Member Service Representative will assist you in opening an account.  You will need:
  • The Social Security number(s) of individual or joint owners
  • Driver’s license or state-issued identification of individual or joint owners
  • Initial minimum deposit

Are accounts NCUA insured?

• All accounts are NCUA insured up to $250,000 per ownership category.

Are there any fees with this account type?

• No.  There are no monthly fees associated with this account.  A dormancy fee will be assessed if there has been no member initiated activity on the account in the past 12 months.

Is there a limit to the number of withdrawals I can make?

• You may make an unlimited number of unrestricted withdrawals but Regulation D limits you to six restricted withdrawals per month.  After the sixth restricted withdrawal, you will be charged a fee per restricted withdrawal.

How do I keep track of my savings?

• OCFCU will send you a quarterly statement showing your account activity unless there is an Electronic Funds Transfer (EFT) associated with this account then you will receive monthly statements.  Use our It’s Me 247 Online Banking or Mobile Web Banking to check on account balances and transactions.  You can also call CU*TALK, our automated account information line at 1-800-860-5704.