Checking Accounts
You can open a checking account after you have established your membership with the Credit Union. We have designed three checking account programs to be as competitive and convenient as possible. Whether you live in Utah, Idaho, Wyoming, Oregon, Washington or anywhere else, all of the convenience features offered with our checking accounts make them accessible to anyone!
- Free Checking
With Free Checking there is unlimited check writing, no minimum balance, and no monthly fee. - Premier Checking
Premier Checking gives an additional eight benefits like $5000 24-hour accidental death insurance, credit card protection, document and personal item registry, auto trip routing, date reminder service, discount savers ID network safety service and a subscription to Sojourns magazine. Your first order of checks is free and you will earn dividends on balances over $500. Premier checking is free when you maintain a $100 minimum daily balance. Should you drop below $100 the monthly fee is just $7. - Premier Plus Checking
Premier Plus Checking gives you all of the benefits of Premier Checking with an additional six benefits like a grocery telephone shopping service, increased accidental death insurance, free travelers checks, cashier's checks and money orders,bonus travel, and Rx advantage prescription drug program. Also, you will receive all of your personal checks for free forever and will earn a premium dividend rate on average daily balances over $500. All these benefits for only a $5.00 monthly membership fee. If you're over 55, the fee is just $3.
Do you need to reorder checks? click here. If you would like one of our Member Service Representatives to help you with this process, please feel free to call us at (801) 708-8900.
Individual Retirement Accounts (IRAs)
There is no better time to save for retirement than now. While you save for retirement you can enjoy the tax benefits either now or later (consult your tax advisor). We offer many types of IRAs, so please call 801-708-8900 today to speak with an IRA specialist.
Savings Accounts
To become a member of the Credit Union, you will be required to place a $5.00 deposit into your share (savings) account. Your savings account is also referred to as a share account, signifying that you are also a part owner of the Credit Union. Every member has an equal vote at the annual meeting where the Credit Union's Board of Directors are elected. It is important that you become involved with the Credit Union, as your voice will help decide its future. Your savings are safe with Utah Power Credit Union! Each deposit account is insured with the NCUA (National Credit Union Administration) for up to $100,000.
At a credit union, the interest paid to your account is also referred to as a dividend. The Credit Union invests your shares (savings) in investments and loans, and after expenses are paid, the profit is returned to you in the form of dividends. There are no paid board of directors or stockholders at credit unions. All earnings are paid to you, the owner, or retained as Credit Union capital.
Utah Power Credit Union has consistently paid one of the highest dividend rates in the nation for many years. Each quarter, the Board of Directors reviews the earnings and expenses of the Credit Union and then declares a dividend rate. It has been the commitment of the Board of Directors to return as much profit as possible back to the member-owners while maintaining a sound, secure financial entity.
