College

College

With the average cost for a four year public university rising every year, it's never too early to begin planning for your child's future. Even small amounts invested regularly will pay huge dividends in time.

Electrus Federal Credit Union is here for you with a variety of convenient and flexible savings plans. With direct deposit it's never been easier. Tell us how much to deposit each pay period, then sit back and watch your child's education fund grow. We offer a variety of convenient savings options, including:

Savings Account - This top dividend-earning account is a great way to save. Direct deposit makes this an ideal option accumulating college funds.

Certificate Account - This tried and true account allows you to begin earning higher dividends at terms ranging from six months to three years.

529 College Plan - The 529 College Plan is a smart way to plan for your child's future. It allows much higher contributions than Education IRAs, and there are no income limits for making contributions. Plus, withdrawals from 529 plans are tax free! You can set up this plan through CU Preferred Investments. By clicking on the link you are leaving Electrus FCU's web site.

Home Equity and Personal Loans - EFCU offers affordable loan options for both parents and students.
Education is the key to your child's success. Let EFCU help your children achieve their goals by helping you save for their education.

EFCU Loans
EFCU provides loans and credit cards for any of your financial needs with affordable interest rates and repayment terms to match your budget.

EFCU Services
EFCU's products and services add value to your membership and can meet all your financial goals. We want you to benefit from the right mix of products and services tailored to your individual needs.

$10,000 in scholarship money available
The Minnesota Family Involvement Council (FIC) has $10,000 available in scholarship money for Minnesota credit union members and their families who are continuing their education. Click here for more details and to apply. (By clicking on this link you will be leaving the Electrus web site.)

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