Checking Accounts

Tired of paying fees to use your money? Our checking account provides you access to your funds when you need it.  Whether you need to write a check to pay your bills, pay your bills online or use your debit cards to access your account, our checking account makes it easy to access your money. Here are some of the great features that come with every BFCU checking account:

  • Monthly statements either paper or electronic
  • No monthly fees
  • No minimum balance
  • Access to 30,000+ surcharge free ATM’s
  • Free Debit Card
  • Free Online Banking
  • Free Direct Deposit
  • Free Incoming Wire Transfers
  • Free use of coin counter machine
  • Free Mobile Banking
  • Free Mobile Check Deposit
  • Free Telephone Transfers
  • Overdraft Protection
  • Unlimited check writing

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Savings Accounts

Baker Federal Credit Union offers a variety of savings accounts to help you reach your financial goals.  Whether you are saving for that dream vacation, education, retirement, or if you are just putting away for a “rainy day”, we have accounts that will cover all of your needs.  All of our savings products post dividends the last day of each month.

Regular Share Savings

The BFCU Regular Share Savings is your basic account that works as your main account for all other products and services that you will use with us.  Once you open a regular share savings, you become a member of BFCU!
Everyone must have a Regular Share Savings Account with a $5 minimum balance.  A minimum balance of $50 is required in order to earn dividends.

Club Accounts

We offer two types of Club Accounts:  Holiday and Vacation.  Our Holiday Club Account allows you to enjoy the holiday season without the added financial stress.  BFCU Holiday Club Account allows you to make contributions, any time for any amount.  In mid-October the money in your Holiday Club Account is automatically transferred to your checking or savings account, just in time for the holidays.  Our Vacation Club Account allows you to put money away for that dream vacation.  You can make contributions at any time for any amount and you can withdraw the money whenever you need it.

High Yield Savings

Get more bang for your buck with our High Yield Savings Account.  This savings provides a higher yield than our Regular Share Savings.  The High Yield Savings requires a $3,000 minimum balance and has a tiered rate structure.  The more you deposit, the more you earn!

Share Certificate of Deposit

We offer a variety of Certificate of Deposit terms for those who wish to save money with a locked in rate and higher yields.  Our Certificate terms range from 3 months to 36 months.  A low minimum balance of $500 is required.  Dividends are posted on the last day of each month and you can opt to add your dividends back to your Certificate or transferred to your savings or checking account.  Penalties may apply for early withdrawal.  Rates vary based on term.

Retirement Accounts

Start saving today for your retirement with BFCU.  Our IRA Accounts allow you to save for your retirement with tax benefits that will help you grow your savings faster.  We offer two types of retirement accounts:  Traditional and Roth.  Call us or stop by to learn more about how we can help you.

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We are pleased to announce that Baker Federal Credit Union now provides Investment & Advisory Services to our members through CUSO Financial Services, L.P.*Baker has partnered with an established advisory services program within the region.
The new Financial Advisor is Steve Hefele with CUSO Financial Services, L.P. at People First Financial Solutions
You may already be working with other financial professionals—an accountant or estate planner.  But if you would like a second opinion or are ready for a comprehensive financial plan to help you secure your future, you may benefit from the experience that Steve has to offer such as:

  • Reviewing your income, assets, and liabilities, your insurance coverage and your investment portfolio.
  • Develop a plan to help meet your financial goals and addressing your income needs in retirement.
  • Help meet your changing financial goals and to accommodate changing investment markets or tax laws.

The economic environment has drastically changed and this new program can assist you in evaluating how best to manage your assets going forth in this economy. 
Baker Federal Credit Union encourages you to take the opportunity to contact Steve and see how he may assist you.  You can contact him directly at 1.800.446.5598 |  or visit him at People First Financial Solutions available through CUSO Financial Services, L.P.

Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

Business Accounts

We offer Business Accounts to fit your needs.  Whether you are Incorporated, LLC, Sole Proprietor or a DBA, we have the account that will work for you.  Some of the great features of our Business Checking Account are:

  • No monthly service charge
  • No minimum balance required
  • No per check or deposit fee
  • Free Online Banking
  • Free Online Bill Pay
  • Free Incoming Wire
  • Free electronic deposits from your merchant card vendor
  • Free Mobile Banking
  • Free Mobile Deposits *coming soon*

Open an Account  Savings Rates