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Specialty Accounts

Everyone can use a little help preparing for what’s down the road. Whatever you’re saving for – big or small – our great rates and specialty accounts can help you do it.

Specialty Accounts

Specialty Accounts

Health Savings Account

Health Savings Account

This account, and the interest it earns, can be used tax-free to pay premiums, co-pays, deductibles and other expenses. It can also be used to establish savings for future expense.


Fees

None


Minimum Balance

None


 

Features

  • $50.00 minimum deposit to open the account
  • Unlimited check writing
  • HSA Funds can be rolled over from year to year
  • Checks can be written from the HSA for qualifying medical expenses
  • Dividends are compounded daily and are calculated on the daily balance when the balances reach or exceed $50

Open a Health Savings Account



Custodial/Pautma Accounts

Custodial/Pautma Accounts

Saving big for someone little? Manage and oversee their savings and have something special to give them when they’re legally eligible.


Fees

None


Minimum Balance

$5


 

Features

  • The Custodian is the only person permitted to transact business on the account. He or she is responsible for transferring funds to the minor when the minor reaches age 21.
  • A successor custodian can be named by the Custodian at any time. 
  • The minor’s Social Security number is reported to the Internal Revenue Service. Tax advice should be secured from the IRS by the Custodian prior to opening this account.
  • Dividends on UTMA accounts are considered income to the minor for federal income tax purposes.

Open a Custodial/ Pautma Account



Estate Account

Estate Account

A legally-appointed executor or administrator of an estate may open an estate account to settle the financial matters of a deceased person.


Fees

None


Minimum Balance

$5


 

Features

  • Two checking accounts to choose from: Free Checking and Better Checking
  • Federal insurance up to an aggregate of $250,000 on all accounts

Open a Estate Account



Trust Accounts

Trust Account

Whether your goal is to ensure the wellbeing of a child or a senior citizen, a family member or a friend, these accounts are designed to act on your behalf.


Fees

None


Minimum Balance

$5


 

Features

Here are some other features available to you.

  • May have all share accounts (excluding IRAs, HSAs and Loans), regular savings certificates and an ATM or PFCU Check Card
  • Separately insured by NCUA

Open a Trust Account

Trustee/Trustor must complete a membership card along with a request to open a Trust Account and provide a copy of the Trust Agreement.




IOLTA Account

IOLTA Account

Interest from these accounts is pooled to provide civil legal aid and support improvements to the justice system.


Fees

None


Minimum Balance

$5


 

Features

Here are some other features available to you.

  • You can make withdrawals at any PFCU branch.
  • Deposits may be made at any PFCU branch.
  • Free monthly statements available by mail and electronically through Teller Net.

Open a  IOLTA Account




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