Basic Savings

• Share Accounts are the Credit Union's primary savings accounts. Deposits can be made in person, by mail, by direct deposit or by payroll deduction. Withdrawals are permitted anytime. 

• All Stark Federal members must maintain a Share Account with a $5.00 minimum balance.

• Both Single and Joint accounts are available.

• Two types of secondary share accounts are available in addition to your original savings account:

  • Christmas Account - Use this account to save for your holiday shopping. You may open a Christmas account. Funds are distributed each year in early October. 

  • Vacation Savings Account - Money is the last thing you want to worry about when you take a vacation. Plan ahead and put a little away every paycheck...plus earn dividends for balances over $200.

Money Market Accounts

• Earn the highest returns on your savings without tying up your money in a CD.

• The minimum balance for a Money Market Account is $2,500 with additional tiers at $10,000, $25,000 and $50,000.

• Receive a preferred dividend (interest) rate based upon your account balance. Your preferred rate will always be higher than our stated Share Account rate.

• Unlike other investments, your principal is federally insured for up to $250,000. This means that there is no risk of losing part of your principal if market conditions sour.

Individual Retirement Accounts (IRAs)

• Roth IRAs - Working people can now contribute up to $7,000 per year of their earned income, or up to $8,000 for those age 50 and older. Withdrawals are never required but qualified withdrawals on accounts held at least five years will be tax-free – both principal and interest. 

• Traditional IRAs - Contributions into the plan may be tax-deductible and the earnings grow tax-deferred until retirement. In addition, you will have until April 1 of the year following the year you turn 72 to begin taking your first required minimum distribution.

• Coverdell Education Savings Accounts - Parents, grandparents and others can contribute $2,000 per beneficiary into an Education Savings Account (ESA) to help meet the rising costs of a student's education. The earnings grow tax-free and can now be used to pay qualified elementary school and secondary school expenses as well as those for higher education.

Share Certificates

• Earn a guaranteed high yield with this safe, secure investment option.

• Terms range from 90 days to 5 years for amounts under $10,000 to fit your savings strategy.

• Jumbo Certificates of more than $10,000 can be purchased in 1, 2 or 5 year increments.

Other Benefits

• Direct Deposit - Simply send payments you normally receive by check directly to us, where they are automatically deposited into an account of your choice. It means convenience, safety, and added dividends for you.

• Payroll Deduction - Available to any member whose company participates with Stark Federal Credit Union in the payroll deduction plan. You decide what amount you should save each payday and how it should be distributed among your other accounts or even deposited into accounts for your spouse and children. Money can also be designated for your Credit Union loan payments.

• Centsible Savings - Centsible Savings rounds up your debit card transactions to the nearest dollar, effortlessly growing your savings account. Now, everyday purchases become the stepping stones to a brighter financial future!