The regular Share Savings Account offers security and liquidity. Dividends are compounded and posted monthly on the average daily balance. There are no monthly or quarterly service charges and the minimum required balance is only $5.00. Members may set up regular automatic deposits to this account. 

A Health Savings Account (HSA) is a convenient way to save money to pay for healthcare needs including prescriptions, co-pays, alternative medicine, dental, vision and more.

An HSA is an individually-owned account for members with a high deductible health plan. There is no "use it or lose it" stipulation making it easier to accumulate savings for healthcare needs!

If you have a high deductible health plan or if your employer is going to introduce one consider opening a Health Savings Account at Sun Federal.

A Health Savings Account is also commonly referred to as an HSA. The account is funded with your tax-exempt dollars to help pay for your medical expenses including deductible, coinsurance and certain services not covered by your medical plan. 

Why Should I Elect An HSA?

Cost Savings

• Tax-exempt dollars
• Reduction in medical plan contribution
• Interest-bearing savings account

Long-Term Financial Benefits

• Save for future medical expenses
• Funds roll over year to year
• This is your account; you take it with you

 Choice

• You control and manage your health care expenses

HSA Related Links:

• US Treasury HSA Frequently Asked Questions

The Special Savings Account is a designed to help members save for other purposes. Dividends are compounded and posted monthly on the average daily balance at the same rate as the regular Share Savings Account. The accumulated funds in the Special Savings Account can be set up by members to be transferred to their regular Share Savings Account at a specific time. There are no monthly or quarterly service charges and the funds are available at any time without penalty. Members may set up regular automatic deposits to this account.

The Holiday Account is designed to help members save for the holidays. Dividends are compounded and posted monthly on the average daily balance at the same rate as the regular Share Savings Account. The accumulated funds in the account will be transferred to your regular Share Savings Account during the first week of October. There are no monthly or quarterly service charges and the funds are available at any time without penalty. Members may set up regular automatic deposits to this account.

The Vacation Account is a special type of the Share Savings Account designed to help members save for vacations. Dividends are compounded and posted monthly on the average daily balance at the same rate as the regular Share Savings Account. The accumulated funds in the Vacation Account will be transferred to your regular Share Savings Account during the first week of June. There are no monthly or quarterly service charges and the funds are available at any time without penalty. Members may set up regular automatic deposits to this account.

A Cash Management Account is for those who enjoy the liquidity of a Savings Account, but desire higher earnings. Dividends are compounded daily and posted monthly. Members may make unlimited deposits to the Cash Management Account, and enjoy the convenience of check writing privileges. A minimum balance of $1,000 must be maintained. Up to six withdrawals by check, draft, debit or transfer may be made per month.

Rate & Fee Schedule and complete information  [PDF]

Enjoy the convenience and peace of mind of having your paycheck, Social Security check, Retirement or Military check automatically deposited into your Sun Federal Credit Union account(s). This means no more standing in lines, checks sitting in the mailbox, or forgotten deposits. Direct Deposit is the fastest, safest, and most reliable way to deposit money into your account.

Members have the added feature of having their Direct Deposit distributed to multiple accounts. Funds can be deposited to Savings, Holiday, Vacation, Cash Management or Checking Accounts. Payments can be made to Loans and VISA accounts. Deposits may also be automatically distributed into other family members' accounts.

Your money is safe, protected and insured at Sun Federal Credit Union.

Each Sun Federal share account is federally insured to at least $250,000 (as of 10/3/2008) by the National Credit Union Share Insurance Fund (NCUSIF), an agency of the federal government, and privately insured for an additional $250,000 by Excess Share Insurance (ESI), the largest private deposit insurer.

Traditional and Roth IRAs and KEOGH retirement accounts are insured up to $250,000 by the NCUSIF and are also covered for an additional $250,000 by ESI. For a detailed explanation of insurance coverage please use the NCUA Share Insurance Estimator or read the Your Insured Funds brochure. These resources are available from the NCUA.