Saginaw Medical Federal Credit Union Rates & Review

Saginaw Medical Federal Credit Union Review

Saginaw Medical FCU has served workers in health care fields with a full range of financial services since 1971.

As of 2010, Saginaw Medical FCU had earned Bauer Financial's highest rating, the five-star superior rating, for ten consecutive years. It currently operates two branch locations in Saginaw, Michigan. One distinctive feature of this credit union is the scholarship offered to any high school senior or full time college student who is a member of the credit union.

Membership requirements

Eligible workers include doctors, nurses, lab technicians, veterinarians, physical therapists, social workers, pharmacists, administrators, receptionists and more, plus their immediate family members. A minimum deposit of $5.00 is required to open a credit union share savings account.

Changing careers? Not to worry. Existing account holders may keep a membership active even after retirement or otherwise leaving the medical profession as long as the minimum balance is maintained.

Checking, savings and more

Savings account options at Saginaw Medical FCU include a basic share savings account, a Second Savings account, an IRA, and CD maturities from 7 to 36 months.

Checking accounts include Rewards Plus checking and MONEYPlus, a money market account.

Financial services

Banking services offered to Saginaw Medical FCU members include ATM and debit cards, direct deposit, coin rolling, gift cards, money orders, and notary services.

Consumer loans, home equity loans, vehicle loans, home improvement loans, and home mortgages are available. Insurance products are available.

Deposit insurance

Saginaw Medical Federal Credit Union has been insured through the National Credit Union Administration (NCUA) since 1971. NCUA coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are NCUA-insured up to at least $250,000 per account holder.

Compare savings account rates from Saginaw Medical FCU and hundreds of other banks and credit unions at SavingsAccounts.com.