Savings & Checking


Savings Account

We know that saving money can be difficult for a lot of different reasons. Our goal is to help you develop the right skills and strategies to meet your goals, while making saving money easy and convenient.

A wise choice for a strong financial future is a savings program where you take a percentage of your income and consistently deposit it into a savings account. This gives you a cushion for emergencies and can also help you reach your longer-term financial goals. We believe that everyone deserves a simple, easy way to save.

With a Ray Federal Credit Union regular savings account, you enjoy:

  • Competitive dividends to earn while you save
  • Opportunity to use it as overdraft protection
  • No monthly service fee
  • Easy access to funds
  • FREE $1,000 Accidental Death Insurance*

*TruStageTM AD&D Insurance is offered by TruStage Insurance Agency, LLC and underwritten by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.


Free Checking

WHEN WE SAY FREE CHECKING, WE MEAN IT

  • No minimum balance or monthly fee
  • Safer than carrying cash
  • Make purchases anytime, anywhere VISA® is accepted
  • More widely accepted than checks
  • Use your card to make ATM withdrawals
  • Easily replaced if lost or stolen
  • Free online banking tools let you pay bills, check balances and transfer funds 24/7
  • Free direct deposit gives you fast access to your paycheck
  • Free eStatements deliver your account information quickly and securely


Christmas Club

Open your Ray Federal Credit Union Christmas Club today

  • Open any time of the year
  • Set up automatic deposits from your paycheck to your Christmas Club Account
  • Get paid weekly or twice a month? Deposit from every paycheck
  • Pays quarterly dividends

Christmas Club funds may be transferred to your regular Savings or Checking Account annually between November 1 and December 31 in time for your holiday shopping. Start saving today so you can have a debt free Christmas.