Savings

Save for Tomorrow

Open a Share Savings account with Media City Credit Union today. This account provides you membership to the credit union.

  • $25 minimum deposit to open
  • One-time $5 membership fee
  • No monthly fee
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • Secondary savings accounts

Call to Open an Account (818) 238-2950

View Rates

$500 balance is required to earn dividends.  You have unlimited savings account transactions in person. However, Federal law limits electronic and telephone transaction from all U.S. savings and money market account to six (6) per statement cycle. Only three of the six can be made by check. Transfers made to Media City Credit Union loans are excluded.

Save for the Holidays

  • No monthly fee
  • No minimum opening deposit or balance requirements
  • Funds automatically transferred on November 1st to your Media City Credit Union savings
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)

Call to Open an Account (818) 238-2950

View Rates

No minimum balance is required to earn dividends.  You have unlimited savings account transactions in person. However, Federal law limits electronic and telephone transaction from all U.S. savings and money market account to six (6) per statement cycle. Only three of the six can be made by check. Transfers made to Media City Credit Union loans are excluded.

Bump up your Savings Rate

If you’re looking for higher dividend rates and liquidity than a traditional savings account, then a Money Market Account may be just the savings strategy for you.

  • Flexibility with withdrawals and deposits*
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • $2,500 average daily balance or more required to earn dividends
  • No monthly fee

Call to Open an Account (818) 238-2950

View Rates

$2,500 balance is required to earn dividends. You have unlimited savings account transactions in person. However, Federal law limits electronic and telephone transaction from all U.S. savings and money market account to six (6) per statement cycle. Only three of the six can be made by check. Transfers made to Media City Credit Union loans are excluded.

Higher Yields

Certificates can offer higher yields for funds that are left in the account for a specific amount of time.

  • Available in amounts of $1,000 or more
  • Terms from 6 months to 5 years
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • Can be used to secure a loan

Call to Open an Account (818) 238-2950

View Certificate Rates

Early withdrawal/account closure subject to penalty. At maturity, account automatically renews for the same term as the previous term, at the rate in effect on the maturity date. At maturity and during the grace period, you may change the term or balance of your account or make withdrawals without a penalty.  The grace period begins at maturity and ends seven calendar days later.

Your Plan-Ahead Partner

With a Media City Credit Union IRA, you’ll be able to grow your retirement savings tax-free or tax-deferred. Choose the IRA that works for you.

  • Save for retirement with your earned income
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • Low annual maintenance fee*

Learn more

  • Start saving for your child’s education with a Coverdell ESA up to the age of 18.
  • Withdraw funds tax-free, as long as those funds are spent on qualified education expenses such as tuition, housing, books and supplies.
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • Low annual maintenance fee*

IRA Certificates offer higher yields than traditional savings accounts.

  • Available in amounts of $1,000 or more
  • Terms from 6 months to 5 years
  • Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
  • Low annual maintenance fee*

Call to Open an Account (818) 238-2950

View Rates

$100 balance is required to earn dividends. Refer to the Schedule of Fees. Fees may reduce earnings. For more details please refer to your IRA agreement and disclosure. IRS penalties apply for premature withdrawals in addition to an early withdrawal penalty. Please consult your tax professional for more information.

These accounts hold funds designated by a legal trust; generally, funds can be distributed without passing through probate.

  • Savings, money market, checking, and share certificates can be designated under the Deposit Trust account.
  • A legal trust is required prior to establishing a Deposit Trust account. Legal trusts generally require the service of an attorney.

Call to Open an Account (818) 238-2950

A custodial account for minors – help save for a child’s future

  • An UTMA Account is a custodial account for a minor that allows people to transfer money or assets to a minor under the age of 21
  • A custodian is named by the grantor and is responsible for using the funds for the minor until he/she reaches 21 years of age (the grantor and custodian can be the same person)
  • Doesn’t require an attorney’s assistance to set it up
  • Either the minor or the custodian need to be eligible for Elements Financial membership
  • Transfers are irrevocable, meaning that they cannot be reversed in the future

Call to Open an Account (818) 238-2950

This account type is established when you have been appointed by the Social Security Administration as representative payee for someone who cannot manage or direct the management of their own benefits.

Call to Open an Account (818) 238-2950

This account type is required by law for all non-emancipated minors providing artistic or creative services, such as an actor, actress, dancer, musician, comedian, singer, stunt-person, voice-over artist, other performer or entertainer, etc. This law requires that 15% of the earnings of the minor be transferred to a set aside trust. This account type may be established with or without a court order.

  • Without a Court Order – The account must be established by one parent or legal guardian. Only a parent or legal guardian may act as trustee.
  • With a Court Order – If the account is established per court order; the order will approve the contract and appoint the trustee. The trustee will normally be the parent or guardian. A copy of the court order must be provided to the Credit Union by the trustee or employer. If created by the court, the trust will continue to be monitored and controlled by the court. If a court order is presented, it must be reviewed to ensure that the account is established and maintained as per the order.

Call to Open an Account (818) 238-2950

View Rates

Refer to the Schedule of Fees. Fees may reduce earnings. Contributions are not tax-deductible and are limited to $2,000 annually. For more details please refer to your IRA agreement and disclosure. IRS penalties apply for premature withdrawals in addition to an early withdrawal penalty. Please consult your tax professional for more information.

Bankless Banking

  • Online banking – desktop, phone and app
  • Access to account transactions and history 24/7
  • Transfer money between your accounts and memberships*
  • Customized e-alerts via text and/or email
  • Enroll in text banking
  • Set up & manage My Virtual StrongBox
  • Skip your loan payment (qualified loans)
  • Bill Pay (for checking accounts)
  • Check ordering (for checking accounts)
  • 24-hour Automated Phone Teller

* Federal law limits electronic and telephone transaction from all U.S. savings and money market account to six (6) per statement cycle. Only three of the six can be made by check. Transfers made to Media City Credit Union loans are excluded.

What is the routing and transit number?
Media City Credit Union Routing Transit Number: 322275856

Do you offer business savings?
Yes, we offer business accounts. Learn more about our Small Business Savings or Non-Profit Community Savings Accounts, or call us at (818) 238-2950 for more information.

Is my money insured?
You are federally insured up to $250,000 by the National Credit Union Administration (NCUA).

How is dividend paid on my savings account?
Dividends are compounded and credited to your account monthly.

Do savings accounts require credit checks?
We may require a credit check to confirm your identity to prevent fraud and money laundering.

Will my savings appear on my credit file?
The balance in your savings is not reported to your credit file.

Can I use my savings account to avoid NSF (non-sufficient funds) fees?
Yes, you can elect to use your savings account as backup when you have a transaction that exceeds the balance in your checking account. We will automatically transfer from the eligible Media City Credit Union account for a low fee*.

 * Refer to the Schedule of Fees.