Membership, Alternate & ESA Savings Accounts

Membership Savings Account

Credit unions work a little different than banks. In order to join and become a member,  you open a Membership Savings Account. You'll make an initial $25 deposit; this is your membership share in the credit union. You can add additional funds to this account, but at least $25 needs to remain in the account for as long as you are a member. 

Once a member, you can take advantage of our full suite of financial products that include checking accounts, money market accounts, auto loans, credit cards, mortgages, home equity loans and more. 

With this account, you'll earn competitive rates on your savings funds. Savings account dividends are calculated daily from the date of deposit to the date of withdrawal and are paid monthly. 

Please note that under Regulation D, financial institutions are required to limit transfers and withdrawals made online or by phone to six (6) per month per account. The following types of transfers and withdrawals are exempt from the limit:

  • Transfers and withdrawals made in a branch
  • Transfers for making loan payments on your Elevations Credit union loans or credit cards
  • ATM withdrawals and transfers
  • Checks requested by phone payable to yourself

Read more about Regulation D transaction limits (PDF).

Find out more about your membership eligibility and the Elevations Difference.


Alternate Savings Account

An Alternate Savings Account is a way to organize your savings and set aside money for something special. Use this account to save for a vacation or set aside funds for large purchases.

There is no fee to open an Alternate Savings Account. You can have up to three saving accounts per account number. Savings account dividends are calculated daily from the date of deposit to the date of withdrawal and are paid monthly.

Please note that under Regulation D, financial institutions are required to limit transfers and withdrawals made online or by phone to six (6) per month per account. The following types of transfers and withdrawals are exempt from the limit:

  • Transfers and withdrawals made in a branch
  • Transfers for making loan payments on your Elevations Credit union loans or credit cards
  • ATM withdrawals and transfers
  • Checks requested by phone payable to yourself

Read more about Regulation D transaction limits (PDF).

Find out more about your membership eligibility and the Elevations Difference.


Educational Savings Accounts (ESA)

  • No setup fee
  • No annual fee
  • No miscellaneous fees
  • Federally Insured up to $250,000

Help finance a child's education by establishing an Education Savings Account (ESA). Anyone who meets the ESA income requirements can open an contribute to a child's ESA. This includes grandparents, aunts and uncles, family friends, and anyone else who wants to pitch in. Earnings on ESAs are tax-deferred and distributions are tax-free if the money is used to pay qualified education expenses.

Features 

  • ESA Savings Accounts have a high earning rate that is variable.
  • ESA Certificates have a higher earning rate that is fixed for a term.
  • A minimum opening amount of $100 on ESA Savings and ESA Certificates makes it easy to start saving.
  • Earn higher rates on other ESA Certificates that have minimum opening amounts of $5,000 or $250,000.

Open an Educational Savings Account

303.443.4672  |  800.429.7626  |  Visit a branch

© Elevations Credit Union. All Rights Reserved. Routing# 307074580
This site is best viewed with a standards compliant browser.

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency