Savings

Become a Member with a Parsons FCU Share Savings

When you become a member of Parsons Federal Credit Union, your initial deposit to your Share Savings account makes you a partial owner of the credit union. Once your Share Savings has been set up, you will then be eligible for all the other amazing benefits we have to offer such as better rates on loans, convenient access to online banking, bill payment, mobile deposit, electronic statements and so much more!

  • Open and maintain a Share Savings account with a balance of $5 or more
  • Earn dividends from the day of deposit
  • Enjoy paid monthly dividends
  • Easy and convenient account access through online banking, fee-free Co-Op ATMs,  shared branches, and mobile banking

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Funds Availability Policy

Truth in Savings Disclosure

Electronic Services Disclosure

Privacy Policy

Holiday Club Savings Account

Use a Parsons FCU Holiday Club Savings Account for seasonal expenses — and you’ll have even more to celebrate! Start saving for the holidays today!

  • Open any time of the year
  • Earns dividends from the day of deposit
  • Set up automatic transfer from your savings or checking account 
  • Make deposits online, at ATMs, through eDeposit, in person or by mail
  • Holiday Club savings accounts mature on November 1st every year and your balance will be transferred to your Parsons FCU savings or checking account

Click for current Holiday Club Savings Account Rates

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Health Savings Accounts (HSA)

We’re pleased to offer our members Health Savings Accounts (HSAs) — savings plans that offer those with high deductible health plans a different way to pay for health care. To qualify for an HSA, you must be enrolled in a High Deductible Health Plan (HDHP). An HDHP, sometimes referred to as "catastrophic" health insurance, generally does not pay for the first several thousand dollars of health care expenses (i.e. your "deductible") but will cover your expenses after the deductible has been met. The money deposited into an HSA would help pay for the expenses your HDHP does not cover and offers benefits such as:

  • Helps you save for present and future medical expenses
  • Allows your savings to grow tax-deferred*
  • Provides additional tax advantages*
  • Allows you to control how and when your savings are spent**
  • Has no "use it or lose it" restrictions
  • Help to pay certain health insurance expenses after age 65

For additional details and to open your HSA today, contact us at (800) 765-4527 (no electronic form is available at this time).

*Please consult your tax advisor.

**Non-qualified medical expense distributions may result in additional taxes and penalties.