Savings Accounts

Regular Savings Account

A MERCO savings account is your gateway to a lifetime of superior financial services. Make saving a regular habit by setting up automatic deposits to your savings accounts. When you join MERCO, your initial $5.00 deposit opens a savings account in your name.

Deposits to your saving account may be made by mail, in person, through payroll deduction, night depository, ATM, transfers through TellerPhone touchtone banking or direct deposit of your paycheck. Earn dividends on balances of $100 or more.

Your savings at MERCO is secure and risk-free because it is insured for at least $250,000 by the National Credit Union Administration (NCUA) a U.S. Government agency.

Holiday Club Account

Open a MERCO Holiday Club account and save for anticipated holiday expenses at the end of the year. Start your new year off with a fresh start and eliminate excess credit card debt in January.

You can set-up regular deposits to your Holiday Club account from either payroll deduction or direct deposit, or you can schedule transfers from your MERCO checking account.

Your Holiday Club Account at MERCO is secure and risk-free because it is insured for at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.

Money Management Account

MERCO’s Money Management Account allows you to maintain access to your funds (up to three withdrawals per month) while earning higher dividends.

• Dividend rates are calculated on the average daily balance and are tiered (the higher your balance, the higher your dividends).
• Withdrawals may be made in person, by check, by telephone transfer request or through TellerPhone.
• ATM access is not available on this account.

Your Money Management Account at MERCO is secure and risk-free because it is insured for at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.

Youth Account

Teach the child in your life healthy financial habits early by encouraging regular savings. If your child is 17 years of age or younger, he or she can open a youth account with just $5. The youth member’s parent or guardian is required to be joint owner on the youth account.

Deposits to your youth savings account may be made by mail, in person, through payroll deduction, night depository, transfers through TellerPhone touchtone banking or direct deposit. Earn dividends on balances of $5 or more.

Your youth savings account at MERCO is secure and risk-free because it is insured for at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.