Savings & Checking

Become a member of the Proctor Federal Credit Union to take advantage of the many member benefits. Becoming a member is easy! All you need is to open a Share Account. There are no fees for this savings account – you just need to keep the $25 minimum balance in your account at all times (Just $5.00 for Junior Investors). As a member of PFCU, you get access to our free online banking, mobile app, and our 1-800 number, as well as free online Bill Pay and access to the Love My Credit Union Rewards.

See Membership Qualifications

Apply for Membership

Account Switch Kit

What is a Credit Union and how is it different?

Webster’s dictionary defines it as: a cooperative association that makes small loans to its members at low interest rates and offers other banking services (such as savings and checking accounts).

We like to think of it as much more than that. Credit unions are not-for-profit full service financial institutions that are here to serve you, our members. We offer many of the same features banks have: savings and checking accounts, ATM and debit cards, auto and home loans, online/mobile/phone banking and many others. Unlike banks, credit unions are owned by the members, so instead of paying stockholders, our profits go back to you in the form of higher dividend rates, lower loan rates, and less fees. Our focus is you and your needs. We don’t have quotas of the number of accounts we need to open or the dollar amount of loans we have to finance. We are here to listen to your needs and do what is best for you.

We are federally insured by the NCUA. Visit the NCUA for more information.

Share Accounts (Savings)

• $25.00 minimum balance required
• No Membership Fees
• Dividends paid quarterly on balances over $100
• See Rates for the current APY^*
• ATM Card Available^**
• Account required to open other services

Club Accounts

• Easy to open – even over the phone!
• Additional savings accounts with the same account number
• No minimum balance
• Dividends paid quarterly on balances over $100
• See Rates for the current APY^*

Christmas Club Account

• Easy to open – even over the phone!
• Transfers to your savings account November 1st each year
• No minimum balance
• Dividends paid quarterly on balances over $100
• See Rates for the current APY*

Share Draft Accounts (Checking)^**

• Free MasterCard Debit Card^***
• Free use of over 25,000 MoneyPass surcharge-free ATMs nationwide
• Overdraft Protection from your share account
• Can apply for additional coverage with an overdraft protection loan or by opting in to our Standard Overdraft protection – your options are explained here
• Free access to online Bill Pay
• Free with $100 balance maintained throughout the month
• $2.00 per month if balance drops below $100
• Free to Members 55 yrs & older – no minimum balance
• Business accounts: $5.00 per month service charge

Certificates of Deposit

• Minimum balance required is $1,000 ($100 for Young Investors)
• Terms available:
  • 182 days
  • 1 Year
  • 2 Years
  • 3 Years
  • 4 Years
  • 5 Years
• See Rates for current APY*

IRA Accounts

• Accounts available for Traditional, Roth, or Coverdell IRAs
• Can be held in a Club Account or in a Certificate of Deposit
• Pays at the current Rate of the type of account it is held in

Credit Cards

PFCU offers Credit Cards through our partner Elan Financial Services. We offer an assortment of VISA credit card options including reward cards, secured credit cards and even business credit cards. You are sure to find a card to fit your credit card needs. Click here to review your options For additional help or to apply in person, stop by either PFCU office or call 218-624-5761 (Proctor Office) or 218-628-2841 (Denfeld Office).

Special Programs

Young Investors Club

• Dividends paid quarterly on balances over $100.00
• See Rates for the current APY^*
• FREE gift when an account is opened
• Entry into a prize drawing during May Membership Month each year

SENIOR MEMBERS 55 YEARS

• FREE - No Service Charge - Checking: no minimum balance required
• $1.00 off Money Orders & Cashier's Checks

"Golden Spikes" - SENIOR MEMBERS 65 YEARS

• FREE - No Service Charge - Checking: no minimum balance required
• $1.00 off Money Orders & Cashier’s Checks
• FREE Checks with Direct Deposit of Paycheck

^*APY = Annual Percentage Yield
^** Approval may be subject to Credit Check
^*** Replacement fee for lost cards