Savings
The Tradition for Saving is an Integral Part of the Credit Union Philosophy
The very idea of a credit union is meant to instill prudent saving habits in its members. At First Pioneers Federal Credit Union, we have a number of ways to help you save and achieve the maximum interest return on your money.
All accounts at First Pioneers Federal Credit Union are covered for loss up to $250,000 by the NCUA, a department of the US government.
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Regular Savings
The regular share or savings account is the basic account for membership in the credit union. The first thing that you open when you join the credit union is this account. All other accounts are subaccounts. To be a member in good standing, you must have at least $5 on deposit in your regular share account.
The money you have deposited into your regular savings beyond the $5 minimum is always available to you.
You can access your account with Cajun Cash(R) ATM card, online banking, or the First Pioneers app.
All accounts at First Pioneers Federal Credit Union are covered for loss up to $250,000 by the NCUA, a US Government Agency.
Open Regular Savings Online -
Explorer Club Savings
Product Dividend/Interest Rate APY* Term Rate for Balances Under $3,000 5.37 5.50 N/A Balances over $3000 earn Regular Savings Rate 0.50 0.50 N/A -
L'Argent Money Market
“L’Argent” means money or silver in French and is the designation used to identify our Money Market Account.
This account is a great “in between” account in that the yield is higher than regular savings, but you don’t have to give up easy access to your funds. Our L’Argent Account requires that you start with at least $500. You can make two withdrawals per month from the account without any fee. Additional withdrawals beyond that are allowed, but there is a $10 fee.
Open L'Argent Money Market OnlineAlready a member and need to add an account? Log into online banking and choose "New Account" to add a savings account.
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Christmas Club
Our Christmas Club Account is meant to help you put money aside throughout the year and so that you have extra money for the holidays. Our Christmas Club Account pays the same interest rate as our regular savings and we will deposit your Christmas Club funds in your regular savings account on the first business day of November.
Open Christmas Club Savings OnlineAlready a member and need to add an account? Log into online banking and choose "New Account" to add a savings account.