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Progressions Credit Union

 

 

Accounts

Checking Accounts

Progressions Credit Union offers a variety of checking accounts to fit your needs. Accounts that will grow with you through all of life’s stages.

All Checking Accounts Have:

Basic Checking
  • No minimum balance
  • No dividends earned
  • Check printing varies

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Kasasa Cash® Checking
  • Earns really high dividends
  • Earns ATM withdrawal fee refunds*
  • Easy-to-meet qualifications
  • Check printing varies

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Kasasa Cash Back® Checking
  • Earns refunds on Debit Card purchases
  • Earns ATM withdrawal fee refunds*
  • No minimum balance
  • Easy-to-meet qualifications
  • Check printing varies

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Savings Accounts

Progressions Credit Union offers savings accounts options to help you build for the future.

 All Savings Accounts Have:

Basic Savings
  • Moderate dividends
  • No minimum balance

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Kasasa Saver
  • Free account that builds your savings effortlessly
  • Links to a Kasasa Cash or Kasasa Cash Back checking account
  • Earn high dividends on select Kasasa Cash or Kasasa Cash Back rewards
  • No minimum balance requirement
  • No monthly maintenance fees
  • No minimum deposit to open

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Prime Savings
  • Made for larger savings account balances
  • Must be connected with a Prime Checking account
  • $25,000.00 minimum to open

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Money Market

SmartMarket

  • Higher dividends
  • $2,000.00 minimum balance to earn dividends.

SmartMarket Plus

  • $25,000 minimum to earn a higher dividends
  • Premium Money Market Account

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YES! Christmas
  • Higher dividends
  • No minimum balance
  • Funds transfer on October 15th

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YES! Savings
  • Made for building savings habits
  • Higher dividends up to $2,000.00
  • Continue to earn dividends by depositing $25.00 every month
  • No minimum balance

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Youth Accounts

Progressions Credit Union offers accounts for everyone no matter what age. We believe it is important to teach kids healthy money habits.

All Youth Accounts must be co-owned by a parent or legal guardian.

SmartKid

For Kids Ages 1-13

  • Earns dividends
  • No monthly maintenance fees
  • Free prize every 5th deposit
  • Eligible to enter our annual Coloring Contest and win a cash prize
  • $5.00 minimum to open

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SmartTeen

For Youth Ages 13-18

  • Earns dividends
  • No monthly maintenance fees
  • Free 24/7 Access
  • Includes a Visa ATM/Debit Card
  • $5.00 minimum to open
  • Comes with a Savings Account attached
  • Eligible to apply for our College Scholarship senior year

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Certificates

Progressions Credit Union offers Certificates, another great stable method of savings that allows you to lock in a fixed dividend rate.

  • Variety of rates and terms available*. Dividends can be paid to the certificate or transferred to your savings or checking account on a monthly basis.
  • Available as an IRA as well.
  • Federally Insured by the NCUA

*Fees may reduce earnings and an early withdrawal penalty may apply. Visit our Deposit Account Rates page to learn more about minimum requirements and Truth in Savings Disclosures.

Rates

Retirement

Progressions Credit Union offers multiple options to help you save for retirement. It’s never too early to start saving for retirement.

  • Individual Retirement Account (IRA) may offer tax savings and higher dividends
  • Supplement a 401(k) or other employer-sponsored Retirement plans
  • Easy payments with payroll deductions and automatic payments (after set up)
  • Federally Insured by the NCUA (up to $250,000.00)

Limits could be lower based on your income and other restrictions may apply. Consult with a Tax Advisor for more information on the best option for you, then contact us to open your IRA or to roll over an existing plan held with another financial institution.

Rates

Traditional IRA
  • Contribute up to $6,000.00 if you have an earned income
  • Or contribute up to $7,000.00 if you are ages 50+
  • Lower limits are available based on income
  • Earnings are tax-deferred
  • Distributions allowed at age 59 1/2 with no IRS penalties
  • Required minimum distributions at age 72

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Roth IRA
  • Income Restrictions apply to participate
  • Contribute up to $6,000.00 if you have an earned income
  • Or contribute up to $7,000.00 if you are  ages 50+
  • Lower limits are available based on income
  • Qualified tax-free distributions from Roth IRA’s occur if you own a Roth IRA for 5+ years and are ages 59 1/2+, disabled, a first-time homebuyer or deceased

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We are excited to invite you to an informative Fraud Seminar at our Mission branch on February 21st at 6 pm. Register Today!