Ownership / Savings Account
Enjoy the benefits of lifelong membership starting with a $5 initial deposit.
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Outstanding rates with concierge-like service and member-only benefits.
Your Ownership/Savings Account gives you complete access to these perks, plus all of our banking options and financial tools. All for a $5 initial deposit and no monthly service fees. Let us serve you and your family.
At a glance
- Required $5 minimum balance
- No service fees
- Available to employees of the Los Angeles County Fire Department and municipal workers in the city and county, plus immediate family members. Please check your eligibility
Join now online, by calling our Member Contact Center, or in person at one of our branch locations.
Account details
- Mobile deposit is available to eligible members
- VISA® debit card is available to account holders with an F&A Checking Account
- Can be used for overdraft protection{{overdraft_protection}}
Ownership/Savings
An Ownership/Savings Account establishes your membership at F&A with just $5, giving you access to great rates and personalized member service. Additional savings accounts can be opened at the same great rate.
APY{{apy}} as high as
0.25%
Dividend rate{{dividend}} as high as
0.25%
Minimum to earn
$5.00
Minimum to open
$5.00
Minimum balance required{{min_bal_5}}
$5.00
Monthly fee
$0.00
Monthly deposit limit
N/A
Monthly withdrawal limit
6
Debit card provided
Upon request
Paper checks available
Yes
Eligibility restrictions
Must be a member
Federally insured balances up to
$250,000.00
Calculate Your Earnings
FAQs
Do I need to visit a branch to open an Ownership/Savings Account?
Why do I need to open an Ownership/Savings Account?
An Ownership/Savings Account establishes your membership at F&A Credit Union. As a member-owned cooperative, F&A requires this account with a minimum balance of $5.00 at all times to maintain membership and access to all of F&A’s great benefits.
Are savings accounts federally insured?
Yes, all of F&A’s savings accounts are federally insured by the NCUA, the credit union equivalent of the FDIC. The NCUA insures individual accounts up to $250,000.
Explore More
High Yield eChecking
Watch your money grow at a premium rate when you select paperless eStatements.
APY{{apy_checking}} as high as
4.59%
Dividend rate{{dividend}} as high as
4.50%
$10,000+ balance rate
0.25%
Minimum to open
$0.00
Monthly fee
$0.00
Traditional Visa
One simple rate for everything — purchases, cash advances, and transfers. A straightforward Visa that not only delivers great value, but can be used for overdraft protection.{{overdraft_protection}}
APR{{cc_apr}} for purchases
9.90% to 15.90%
APR for balance transfers
9.90% to 15.90%
APR for cash advances
9.90% to 15.90%
Annual fee
$0.00
Credit line
$500.00 to $10,000.00
Auto Loans
Finance a new or used car or truck up to 125% loan to value with a low-interest F&A auto loan.
APR{{auto_apr}} as low as
4.60%
Maximum term
84 mo.
Maximum loan
$150,000.00
Maximum vehicle age{{auto_max_age}}
12 years