Savings and Investments
Each Glendale City Employees FCU member has unique savings needs — and we meet them with our selection of federally insured deposit accounts. We offer competitive yields plus peace of mind you can’t get from the stock market: the protection of both federal and private deposit insurance.

Deposits Federally Insured to $250,000
Your savings are federally protected up to $250,000 by the National Credit Union Administration, which is backed by the full faith and credit of the US Government. This federal deposit insurance fund is equivalent to the FDIC (Federal Deposit Insurance Corporation). When you see the NCUA logo on our literature, it’s the same as when banks put the FDIC logo on their literature. Additionally, Individual Retirement Accounts are federally insured to $250,000, separate from and in addition to the coverage on your regular accounts. Learn more about safety and how to increase your coverage to $2 million or more.

Plus an additional $250,000 in private insurance
An additional $250,000 deposit insurance is provided through American Share Insurance‡, the nation’s largest private credit union share insurer. This combination of federal and private coverage provides superior protection for your savings..

Regular share savings
Glendale City Employees FCU membership requires a one-time, lifetime membership fee of $5 and an opening deposit of at least $25 to a regular share savings account. Children under 13 years of age join free of charge. This account earns competitive dividends on balances above $100.

Share certificates
Lock in a higher yield for your choice of terms from six months to two years.

MoneyFlex Market Account
 Our new MoneyFlex Market Account rewards higher balances with higher yields.

  • Just $2,500 to open
  • Unlimited deposits
  • Unlimited in-person withdrawals
  • Federally insured

Grow your MoneyFlex Market Account through direct deposit or payroll deductions. Call or visit to learn more and open your account today.

Individual Retirement Accounts
Save safely for your future. Your IRA is protected by federal and private deposit insurance up to $500,000, separate from and in addition to the coverage on your savings accounts. We offer Traditional and Roth IRAs, each with its own possible tax benefits. Consult your tax advisor to find out which is better for you.

The maximum annual contribution for IRAs is $4,000 for the 2005-07 tax years and $5,000 for the 2008 tax year. In addition, taxpayers who are 50 or older may make extra "catch-up" contributions above the regular limit. The additional amount permitted is $500 for 2005, and $1,000 for 2006 through 2008.

Traditional IRA
May give you a tax break while you’re working, as your annual contributions may be deductible. You’ll pay taxes on withdrawals at retirement, when you’re likely to be in a lower tax bracket.


Roth IRA
Your annual contributions are non-deductible, but your withdrawals at retirement, including earnings, will be tax-free.

Coverdell Education Savings Account
A great way to save for a child’s future education. Non-deductible annual contributions of up to $2,000 are permitted, and withdrawals are tax-free if used for qualified educational expenses.

Holiday Club accounts
Save throughout the year to be sure you have enough for your holiday gift list.

Looney Tunes™ Savings Club account
Bugs Bunny's club is a fun way for kids up to age 12 to save money and learn good financial habits. Club members receive special deposit slips and coin savers, and can enter periodic drawings for prizes. Give your children and young relatives a gift that will last a lifetime by opening Looney Tunes™ Savings accounts for them.

Looney Tunes™, characters, names and all related indicia are
trademarks of Warner Bros., Inc.

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CU Succeed - The Answers Teens Need
Teens, sooner or later you're going to be on your own financially. That means a job, buying a car, paying for school, sticking to a budget and a lot more. The CU Succeed‡ web site is full of useful, real world tips, many from your peers who have been there, done that and shared it.

  • How to buy a first car
  • What a credit report is, and why it's important
  • Finding the traps in credit card offers
  • How to balance a checkbook
  • And much more

    • CU Succeed Online Newsletter
    Link to the CU Succeed‡ web site and get answers about the things you need to know: informative articles about saving and managing money. Download the print newsletter now.

    Be A Paid Journalist
    Got a personal financial story worth sharing? Maybe you saved to buy an iPod, or wasted your babysitting money on pants you only wore once. Write up your experience and submit it to CU Succeed. You'll get paid for it if it's published online or in the newsletter. See the newsletter section of the CU Succeed‡ site for details.


    ‡By clicking this link you will be leaving the credit union's web site. The privacy policies of the third-party web site you are linking to may differ from the credit union's. The third-party site is not owned or controlled by the credit union, and we are not responsible for its availability, content, security, claims, or for information, goods or services obtained from it. The credit union does not represent either the third party or the member if the two enter into a transaction.
     
     
     
    Your funds are federally insured up to $250,000 by the National Credit Union Administration, a U.S. government agency. The NCUA separately insures Individual Retirement Accounts up to $250,000.
    An additional $250,000 deposit insurance is provided through American Share Insurance, a private insurer.
    We are an Equal Housing Lender, and do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.