The Cal-Ed Federal Credit Union is a member-owned financial cooperative seeking to meet the needs of our membership by providing affordable, competitive services. In achieving this we will maintain stability and growth, while remaining committed to the credit union philosophy of "Member Helping Member."
Cal-Ed Credit Union will continue to act responsibly with the funds with which it is entrusted: Making prudent decisions, judiciously investing funds, and maintaining strong earnings. In so doing, Cal-Ed Federal Credit Union will sustain its strong equity position. A financially strong position will allow Cal-Ed Federal Credit Union to seek continuous improvement in products and services offered to members and their delivery.
Cal-Ed Credit Union will continue to act responsibly with the funds with which it is entrusted: Making prudent decisions, judiciously investing funds, and maintaining strong earnings. In so doing, Cal-Ed Federal Credit Union will sustain its strong equity position. A financially strong position will allow Cal-Ed Federal Credit Union to seek continuous improvement in products and services offered to members and their delivery.
Services
All savings accounts listed below are available to our members. Deposits may be made to these accounts by mail, Automated Clearing House (ACH), through payroll deduction, direct deposit, or in person at the office. A share account establishes credit union membership. The minimum balance is $5.00 and carries dollar for dollar life insurance up to $3,000.00 for those that qualify.
A checking account at Cal-Ed Federal offers all the benefits of a bank checking, and many cost-saving, convenient features that can help you write your own financial ticket! Cal-Ed Federal checks can be used wherever bank checks are accepted to make purchases, pay bills or get cash. There are no minimum balance requirements.
No matter what type of purchase you may be considering, your first stop should be your Cal-Ed. We'll make you feel confident in your decision to finance with us knowing that your Credit Union truly has your best interest at heart. For those that qualify, all loans have life and total disability insurance up to $35,000.00 aggregate paid for by the Credit Union with no direct cost to the borrower.
Certificates of Deposit are offered for members who are looking for a higher rate of return on their investments. Members may choose from a 30 day, 6 month, 1 year, 2 year, 3 year, 4 year or 5 year certificate for investment. Rates on new certificates are adjusted weekly on Wednesdays. Dividends on certificates may be paid to your regular share account, or mailed monthly depending on the type of certificate you purchase.
A Visa Debit Card is the safest and most convenient way to do daily business. All transactions are listed on your monthly checking account statement. For safety and convenience, the Debit Card eliminates the need to carry large quantities of cash for all of your purchases while providing a detailed monthly summary of expenditures.
