Savings Accounts

Opened at time of membership & required to remain open during length of membership.

• $15 minimum deposit required to stay in the account at all times
• Tiered rates
• No service charge

Give your kids a head start with their money management skills so children can see their money grow quickly and develop good financial habits early.

• $15 minimum deposit required to stay in the account at all times
• Tiered rates
• No service charge
• Debit card available

If you're tired of the bumpy road of the stock market, park your money with us! Our Money Market account offers higher yields than a savings account without sacrificing convenience and liquidity.

You may open one with a $2,000 minimum deposit. The rate you’ll earn is tiered and depends on your balance—the higher the balance, the higher the rate. Check out our very competitive rates.

Our Share Certificates offer very competitive rates.

Our Share Certificates allow you a short-term investment opportunity for a higher rate than your primary share account. With just a minimum balance of $1,000, you pick the term from 6 to 48 months. Dividends are compounded and credited monthly. Check out our Share Certificate rates.

Can be opened with a minimum $500 deposit.

Traditional IRA

Contributions to this type of IRA may be tax deductible in the year the contributions are made and may be added until the year you reach 70½. Taxes due on the earned interest are deferred until the funds are withdrawn.

Deductibility for tax purposes depends on active participation in a qualified retirement plan and/or taxable income. Distributions are required after reaching age 70½; however, withdrawals are allowed at age 59½ without a penalty.

Roth IRA

Contributions are post-tax, and growth may be tax-free. Since withdrawals are not reportable income, they won't affect your adjusted gross income during retirement. Contributions can be made after age 70½, and no withdrawals are required during the accountholder's life.

Withdrawals of earnings from a Roth IRA are tax- and penalty-free as long as the account has been open for at least five tax years and you are either over 59½, disabled or buying a first home.

You may make deposits to a Traditional or Roth IRA up to April 15th for the previous tax year.

Check out our IRA rates here. Make saving easy with our free direct deposit or payroll deduction services.

Sign up and get paid early!

Direct Deposit is the electronic transfer of funds from your employer or other payer directly to your Castparts Employees Federal Credit Union account. Direct deposit is also available with Social Security, annuities and pension benefits. It's safer and easier than depositing a paper check!

When you sign up for direct deposit you'll enjoy the following benefits:

Access to your funds immediately. Your paycheck is deposited automatically into your account - no need to worry about having to deposit a check, especially when you are out sick or on vacation.

Contact your payroll office to sign up for Direct Deposit to your Castparts Employees Federal Credit Union account. If you have any questions, give us a call at (503)-771-2464.

If you work for Precision Castparts Corp. you can use this payroll sign up form to start your direct deposit. Fill it out, sign it and return it to the credit union.

Use payroll deductions to allocate funds to any account of your choice. It’s an easy and safe way to build up your savings or to pay your loan payments automatically. Best of all this is a free service offered by Castparts Employees Federal Credit Union.

Payroll deduction can be used on the following:

• Share / Savings deposits
• Individual retirement account deposits
• Checking deposits
• Family account deposits
• Loan payments
• Automatic transfers

Contact us to get Payroll Deduction started by calling (503)-771-2464.