Savings Account
Regular Share Account (Savings Account)
Our share account is your first step to establishing your membership and becoming a member/owner.
Which Share Account Type is Best for Me?
Ko’olau Federal Credit Union offers several different types of accounts to help you conveniently manage your money and banking transactions. Whether you want to save for a rainy day, special events, or your child’s future, we have a share account to make your life easier and your goals obtainable.
Review the options below to help you make your decision, or contact us at info@koolaufcu.org for assistance from our pleasant and professional representatives.
Open your account online using this convenient link or in person at one of our branches. We’re here to make the account opening process as fast and simple as possible. We’ll even help you transfer your initial deposit from your existing financial institution.
| Description | Savings | Club Savings | Kids Club | Christmas Savings | Vacation Savings | IRA Savings - Traditional, Roth, or Education |
|---|---|---|---|---|---|---|
| Best For: | The first step to establishing your membership and becoming a member/owner for life | The first step to establishing an account for your informal group, unit, business or club | The first step to establishing a lifetime membership and becoming a member/owner for your child 0 to 12 years old | Keep a separate savings account for Christmas purchases. It is set up as a separate sub account apart from your regular savings account for easy record keeping and budgeting | Keep a separate savings account for a vacation or other special occasion. It is set up as a separate sub account apart from your regular savings account for easy record keeping and budgeting | Keep a separate savings account for your retirement or education needs |
| Initial Deposit: | $5.00 deposit purchase one share and earns you the value and benefits of membership | $5.00 deposit purchase one share and earns you the value and benefits of membership | $25.00 deposit purchase one share and earns you the value and benefits of membership | None | None | None |
| Earns Dividends: | Quarterly | No | Quarterly | Quarterly | Quarterly | Quarterly |
| Card Access: | ATM Card or VISA Debit Card | ATM Card or VISA Debit Card | ATM Card or VISA Debit Card | Transactions Restricted | Transactions Restricted | Not Available |
| E-Statements: | FREE | FREE | FREE | FREE | FREE | FREE |
| Direct Deposit: | FREE | FREE | FREE | FREE | FREE | FREE |
| Mobile Deposit: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Mobile Banking: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Telephone Banking: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Online Banking: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Shared Branch Access: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| In-Branch Access: | FREE | FREE | FREE | FREE | FREE | FREE |
| Zelle: | -- | -- | -- | -- | -- | -- |
| Mobile Wallet: | FREE | FREE | FREE | FREE | FREE | Not Available |