ACCOUNTS

Whether you're saving up for something big or just managing day-to-day expenses, we've got your back. Plus, we're committed to helping our members who might be struggling financially and we're passionate about teaching financial smarts to help everyone in our community grow and thrive. Your financial well-being is our top priority!

Savings Account

Savings

A Membership Savings (Share Savings) account is needed to establish credit union membership. As long as you maintain the minimum $5 balance in your account, you are considered an active member of the credit union.

$15 minimum opening deposit ($10.00 is a non-refundable membership fee)
Dividends compounded monthly and paid quarterly
Quarterly statements are issued

Membership Application

Checking Account

Checking

Mid Cities Credit Union offers an excellent checking program designed to make your day-to-day personal finances convenient and affordable. It’s the easiest way to manage your money.

$25 minimum opening deposit
$2.00 monthly fee
Unlimited check writing
Free direct deposit
ATM/Visa debit card access
Free home banking
Free automated telephone account access at (888) 242-5467
Dividends are compounded monthly, paid monthly

Click here to sign up for Overdraft Protection.

Membership Application

Individual Retirement Account

We offer IRAs to help you build a solid financial retirement. Choose from Traditional IRA’s, as well as Roth IRA’s, depending on your needs. For assistance on which type of IRA may be best for you, we recommend you contact a tax professional. Of course, we’re available to answer your questions and help you with opening an account.

Traditional IRA

With a Traditional IRA, you can make deposits that will grow tax-deferred until a withdrawal is made. Contributions to a Traditional IRA may be tax-deductible depending on your particular situation.*

Low $500 minimum balance required to open an IRA
Tax-deductible contributions (depending on income levels)
May be used for first time home purchase or education*
Catch up contributions may be made for certain individuals*
Withdrawls begin at age 59 1/2 and are mandatory by 70 1/2
Available to everyone; no income restrictions

Roth IRA

A Roth IRA allows you to invest money by making non-deductible after-tax contributions that grow tax-deferred. The key difference between a Roth IRA and a Traditional IRA is that, in a Roth IRA, money is not taxed when withdrawn for qualified distributions and there is no age limit on making contributions.

Both savings and certificates accounts are available
May be used for higher education, penalty free*
Contributions in a Roth IRA have already been taxed
Contributions are not tax-deductable
There is no 70½ age limit on making contributions
Certain income levels apply*

*Consult your tax advisor for information.

IRAs

Share Certificates

Share Certificates

With an initial deposit as low as $500, you can watch your money grow with terms between 6 and 18 months. Dividends are compounded daily and paid on the last day of the month, monthly statements are issued, and you'll enjoy no monthly service fees!*

Membership Application

Youth Accounts

Youth Accounts

An Mid Cities Youth account is a great way to teach your child about savings, budgeting and financial responsibility. A free gift and educational booklet (also available in Spanish) is available when you open your account.

MC Youth Savings Account (newborn – 17 yrs)

Low $5 minimum opening balance
Quarterly statement

MC Youth Checking Account (13 – 17 yrs)

Savings account – Low $5 minimum opening deposit
Youth Checking Account
Free ATM card
No minimum balance
No monthly service charge
Free home banking

Membership Application

To learn more about our different account options, contact a Member Service Representative at (310) 638-5147.