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Summer Savings Plan

We’ll help you get paid year ‘round
Originally, the Summer Savings Plan was designed for members who needed to save for summer because they did not receive paychecks during the summer months. Now, the Summer Savings Plan helps members save for any purpose while earning a higher rate of return when compared to most savings options.

How does the plan work?
With each regular paycheck during the school year, a pre-designated amount, decided by you, is transferred to your special Summer Savings Plan Account. When the summer months roll around, the Credit Union will deposit the money from your Summer Savings Plan Account into your Credit Union Checking Account at the end of July and August. It’s the easy way to stretch 10 checks into 12.

Minimum requirements
Opening deposit: $0

Balance required to earn dividends: $100
For 18 years old or younger, balance required to earn dividends: $25

Your funds are safe
All deposits at the Credit Union are insured to at least $100,000 by the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is the strongest insurance fund in the financial services industry and is backed by the full faith and credit of the U.S. Government.

Click here for current dividends

 

 
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Copyright © 2006 Burbank Community Federal Credit Union. All Rights Reserved.

logo Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. logo1