Savings

Our NEW Savings Club Accounts help you save for special events through-out the year. Through Payroll Allotments/Deduction, Electronic Transfers, Auto Transfers or other regular deposits, you can save all year long and it's painless. The balance is transferred to your checking or savings account on the pay-out date right before the big event! Now you can save and be prepared ahead of time!

FIVE SAVINGS CLUB ACCOUNTS! - get ready TODAY for TOMORROW's events!

Holiday/Christmas Club - prepare to go shopping! Pay-out Date November 1

Tax Time Club - This time you are ready for the IRS! Pay-out Date April 1

Vacation Club - Relax! You are ready to hit the road! Pay-out Date June 1

Back to School Club - Laptop? New Clothes? It's done! Pay-out Date August 1

NEW! Escrow Club - especially for mortgages! Pay-out Date September 1

Click here for your Savings Club Application. Or Call, Click, or Come by.

SAVINGS CLUB INFORMATON:

$25 minimum balance required

No monthly service charge

Withdrawals are prohibited unless you close the account

$25 fee will be charged if the account is closed early and dividends lost.

Closed accounts can not be re-opened until the next club year begins.

Basic Share Account

In order to enjoy the benefits of Carolina Postal Credit Union, members must first open a Share Savings Account. This savings account validates your membership in the Credit Union and allows you to vote in annual elections and have access to all of our products and services. All savings/share (deposit) accounts are insured up to $250,000 by the NCUA.

To open a Savings Account & join Carolina Postal Credit Union, please print this form and return it to CPCU with a minimum deposit of $25. Please make the $25 check out to Carolina Postal Credit Union. You must include a photo-copy of your driver's license. To find out if you are eligible to join CPCU click here.

If you wish to make a change to your current account, complete this form and return it to CPCU.

Youth Accounts

We offer different youth savings accounts that are designed just for them, and a teen/young adult blog. Each savings program offers a quarterly newsletter, special promotions throughout the year and saving tips that are helpful and fun. You will also find interactive websites for each program as well as links that are safe, educational and fun.

Access online games, information, contests, blogs and more .... and all four are awesome resources for those pesky math & economic homework assignments! Kirby Kangaroo is just for Elementary School Students, CU Succeed for Middle School and Googolplex for High School - and Brass CU - why it's for High School, College, and Beyond!

A Message From the CEO

I wanted to take a moment and reassure you, our member, about Carolina Postal Credit Union’s safety and soundness.

•    Our assets are federally insured by the National Credit Union Administration (NCUA) the strongest federal insurance agency in the country.

•    Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

•    Credit Unions, including Carolina Postal Credit Union, focus on members not profits. We remain a safe haven in this economic storm.

•    Credit Unions lend responsively – we have a more conservative approach to lending and most credit unions hold onto about 70% of their mortgages instead of selling them to Fannie Mae & Freddie Mac. Carolina Postal Credit Union has never sold their mortgages portfolio.

•    As member-owned cooperatives, Credit Union balance sheets are not affected by the whims of the stock market.

•    Carolina Postal Credit Union has nearly $64M in assets, with Capital/Equity at $10,207,367.44. This equates to a Capital/Equity ratio of 15.99%, well above the 7% which our regulator defines as “well capitalized.” Carolina Postal Credit Union has sound business practices, more than adequate insurance on your accounts, and is ready to serve your financial needs.

•    While other lenders are tightening restrictions and cutting back on lending – we are continuing to offer loans and are increasing our marketing efforts to get the word out to our members that we are here to help!

And on a final note, Credit Unions are here to stay - Carolina Postal Credit Union will celebrate our 75th anniversary in 2009!

If you have any concerns please feel free to call us at 704.392.3418 or 1.800.865.0445 and speak with an Account Manager about your insured accounts.

Joy Watts - CEO

Charlotte (704) 392-3418 - Winston-Salem (336) 723-1024

High Point (336) 882-3926 - Greensboro (336) 292-8340 - Hickory - (828) 328-4529

Toll Free (800) 865-0445

Check out the Brighter than a Bank Blog!