Account Types

Share Savings Account

Share Certificates (CDs)

Club Accounts

Individual Retirement Accounts (IRAs)

Money Market Accounts

Custodial Accounts

Every Toledo Metro Federal Credit Union member starts with a share savings. A minimum deposit of $5 for the purpose of one share, is required to open an account. You remain a member and qualify to apply for other Toledo Metro FCU products and services as long as you keep your savings account open with a minimum balance of $5.00.

Share Savings is a traditional savings account where you put money in the account and take it out when you need it.

Toledo Metro Federal Credit Union offers a Share Draft/Checking account with many benefits.

No monthly service charge

Unlimited check writing

Access to your account 24/7 with FREE Home Banking or our Audio Response System

Free Direct Deposit and Payroll Deduction

First order of checks FREE

FREE Debit Card / ATM

FREE Online Bill Pay

FREE Shared Branching

When you don't have an immediate need for your savings, a Share Certificate of Deposit (CD) earns a guaranteed rate of return with competitive tiered rates. You choose the term depending on your goals. A 48 month Add-on Share Certificate of Deposit lets you make unlimited deposits to your CD.

Tiered rates

Terms from 6 to 60 months

Quarterly dividends

Minimum opening balance of $1,000

Automatically renewable at then-current market rates

Holiday Club: Toledo Metro Federal Credit Union Club has several types of club accounts, where you can save at your own pace throughout the year. Dividends are calculated daily and posted quarterly on balances over $100.

U-Name-It/Special Club: Plan ahead for any size purchase or project and budget with a Special Club account.

Travel Club: Don't let car repairs, rising gas prices, and travel expenses put a dent in your wallet. Put your savings away in a Travel Club account for that weekend getaway or dream vacation.

Invest your money and let it grow responsibly with an IRA Savings or IRA Certificate from Toledo Metro Federal Credit Union.

One of the easiest ways to save for retirement is by opening an Individual Retirement Account (IRA). An IRA allows you to grow your money while providing you certain tax advantages, including tax-deductible contributions with a Traditional IRA or tax-free withdrawals with a Roth IRA. Once your funds have been placed into an IRA account, you can use them for different investments such as savings accounts or certificates of deposits. You can also use an IRA to set aside funds for your child's education. Here's a list of the different types of IRAs we offer that can get your financial plan in motion:

Traditional IRA: The biggest benefit of a Traditional IRA is the ability to deduct your contributions from your income taxes (depending on your income level). Therefore, you'll be able to enjoy the tax benefits now and your money will grow tax-free. Once you reach the age where you can begin making withdrawals; any distributions you take will be taxed. Penalties may apply for early withdrawals.

Roth IRA: With a Roth IRA, your distributions are completely tax-free. Since you are contributing "after-tax" dollars to fund your Roth IRA, you will not have to pay taxes when you begin making withdrawals. This type of IRA is not available for those exceeding a certain income level. Penalties may apply for early withdrawal

Coverdell Educational IRA Savings Account (Coverdell IRA): The Coverdell Educational IRA allows your money to grow tax-free to cover the cost of qualified higher education expenses. Contributions are limited to a specific amount based on your level of income, and withdrawals will not be taxed as long as the distributions are less than the beneficiary's education expenses.

Access your money and get higher rates of return with a Toledo Metro Federal Credit Union Tiered Variable Money Market Account.

$2,500 minimum deposit to open and maintain

Unlimited deposits and up to 3 withdrawals and/or transfers per month (minimum withdrawal is $500)

Dividends are calculated daily and posted monthly on balances over $2,500

Custodial and minor accounts may be opened for members under the age of 18. The minimum balance to open the account is only $5.

Visit our special programs page to learn more about our programs designed specifically for kids and teens.