Savings Accounts

Your Front Door to Becoming an Actors FCU Member

A Savings (Share) Account is required to become an Actors FCU member and to receive all the services and benefits of the credit union, including Checking Accounts, eMax$ Online, and all loan products.

Looking to Open a New Savings Account?

Look no further! Our savings account features:

Your savings account establishes your credit union membership, making you eligible for all of our products & services
A low minimum balance requirement of just $100
As long as the minimum balance is met and you complete a transaction once every twelve months, no monthly or annual fees*
Free VISA ATM card
Online & mobile banking available

Add a free Power Checking account by checking the box for "Checking (draft)" at the top of your membership application.

*There is a $5/monthly fee if a minimum balance of $100 is not maintained in the savings account. There is a $10/monthly fee if you fail to make a transaction every twelve months.

View Savings Account Rates

For the fastest and most secure method to open a New Account, select APPLY ONLINE below.

APPLY ONLINE

Alternatively, you can choose to download the application form below and return it to Member Services. Note: processing times may take longer for form submissions. Please be sure to print, sign, and submit the completed form along with a copy of your identification. You may submit forms via email to newaccounts@actorsfcu.com or by visiting one of our branch offices.

SEE TERMS & DOWNLOAD FORM

Account Opening

Open A Savings Account

Prospective Member:

A Savings Account is required for membership with Actors Federal Credit Union (Actors FCU). Personal accounts require an initial deposit of $100 to the savings account at opening. A balance of $100 must be in the savings account before the end of each calendar month and one member-initiated transaction must be completed every twelve months to avoid fees.

Personal accounts (savings and checking) are available to individuals that belong to one of our affiliated membership organizations (https://www.actorsfcu.com/about/about-us/member-organizations) or are related to an immediate family member (parent, child, sibling, spouse/domestic partner, grandparent or grandchild) with an existing account.

WHAT WE NEED FROM YOU:

In order to open a Personal Account with Actors FCU, please prepare the following items/documents:

1. Completed membership application package with wet signature(s) – No Digital Signatures.

2. Proof of membership eligibility:

Select Employee Group (SEG) affiliation (unexpired union card, recent pay stub or original letter from employer). OR
Proof of relationship to current member (certification of relationship form).

3. Copy of Valid Government-issued photo ID for all account holders.

4. Proof of address (e.g., utility bill or lease agreement) if the address on the custodian’s photo ID does not match the address listed on your membership application.

HOW TO SUBMIT YOUR INFORMATION:

Our preferred method of document submission is through our Secure File Upload Center located on our website. Complete the required fields and upload all items listed above.

If you do not have the ability to submit your application via our Secure File Upload Center, we can also accept your application and documents in person or via USPS mail. Applications should be submitted to the Actors FCU Branch that is nearest to your home address. Applications that are submitted via mail or fax may require additional time for processing. Our branch locations are listed on the footer of this letter or at https://www.actorsfcu.com/about/locations/locations.

PROCESSING THE APPLICATION:

Once we have received the completed application and all supporting documents, the package will be assigned to a new account representative within 1 to 3 business days. You will receive an email with the name and email address of the assigned representative. Once the application is assigned, please allow 7 to 10 business days for account opening. Please note that incomplete packages will delay these processing times.

FUND YOUR NEW ACCOUNT:

You must deposit at least $100 to establish this membership.

If you have any questions or need assistance, please contact us at 212.869.8926, option 6.

Additional Information

Savings Accounts that hit a negative balance trigger an automatic transfer from Checking, eMax$, or Holiday Club, in that order, to bring the negative balance to zero
A variable rate, set by the Board of Directors, is paid quarterly in accordance with federal regulations that prohibit dividends in excess of available earnings
Business Savings Accounts are also available
Immediate family members of Actors FCU members are also eligible for credit union membership by completing their own application, along with a Certification of Relationship Form
- Immediate family includes but is not limited to: spouse/domestic partner, children, siblings, parents, grandparents, and grandchildren
Print your own Deposit Ticket
Beneficiaries are natural persons as well as charitable organizations and other nonprofit entities
A Trust Account owner with up to 5 different beneficiaries will be insured up to $250,000 per beneficiary

Your Deposits Are Insured and Safe With Us

Your regular savings, certificate, club, and/or checking deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF) and backed by the U.S. Government, with deposits insured up to at least $250,000 per individual depositor.