Services

Our goal at SAFCU has always been and always will be to provide the best service to our members and also to strive to provide new services whenever available. Please see all the services you may utilize when becoming a member at the Sylvania Area Federal Credit Union.

Holiday/Vacation Club
  • No Opening Requirements
  • No Required Minimum Deposit
  • Payroll Deduction and Direct Deposit Available
  • Dividends Paid Annually. Determined in October
  • Checks are Disbursed November 1st every year
  • $5.00 Early Withdrawal Penalty (If funds are withdrawn prior to November 1st)
  • Your Holiday Club will even remain open to accept deposits for the next year
Direct Deposit/Payroll Deduction
Many employers are now requiring you to have direct deposit or some type of deduction to your financial institution. It not only makes payday easier for your employer, it is a perfect way to make your life a little easier.

Payroll Deduction
  • Only a PORTION of your pay comes in.
  • You still receive a check after your deduction amount is taken out. Your pay stub will also show where your pay has been deposited and the amount.
  • Convenience of knowing your deposit has already been made and you don't have to make an extra stop.
Direct Deposit
  • Your entire pay comes in.
  • You will receive a pay stub stating where your pay has been deposited and the amount.
  • Convenience of knowing your deposit has already been made and you don't have to make an extra stop.
Debit/Check Cards
Instead of writing a check in the check out line, use your convenient debit card instead! Simply swipe or hand it to the cashier and say "credit" to make a purchase. Your SAFCU Check Card can also be used as an ATM card. One card, one P.I.N.
Payday Loan

Senior Share Account / Checking
Members 62+ years young, we have a special offer just for you:
  • Money Orders
  • FREE Checking
  • FREE Basic Checks
  • FREE Travelers Checks
  • Discount on Loan Rates
  • Bonus Rates on Certificates
  • .25% increase on any current rate
  • 50% off all additional check styles
  • Waive ATM $1.00 Fee from Credit Union
  • .25% decrease on any approved loan rate.
  • .25% increase on any current rate on deposits of $50,000-$100,000.
  • Interest bearing, if an Average Daily Balance of $150 is maintained.

Overdraft Protection
Stay safe from inconvenient non-sufficient funds (NSF) charges and attach your regular savings account to your checking account. A draft line of credit is a loan of up to $500.00 that will extend only if you have an NSF in your checking account. If an NSF occurs, the money automatically transfers from your savings to your checking to help clear the check.

IRA Accounts
Traditional I.R.A.
  • $5,000 Maximum Deposit Per Year*
  • Deposits Can Be Made at Any Time
  • Direct Deposit or Payroll Deduction Available
  • Withdraws can be made as early as 591/2 without penalty.
Roth I.R.A.
  • $5,000 Maximum Deposit Per Year*
  • Deposits Can Be Made at Any Time
  • Direct Deposit or Payroll Deduction Available
  • Withdraws must meet certain criteria to be withdrawn.
  • Withdraws can be made if original deposit has been in the I.R.A. for 5 years.
2 Ways to Save with Your IRA
Payday Loan
    Pass Book Rate (Traditional I.R.A or Roth I.R.A.)
  • Deposits Can Be Made Any Time
  • $5,000 Yearly Maximum Earns Variable Rate

    Share Certificates (certificates of deposit)
  • Mimimum deposit is $500.00
  • Much higher rate of return than passbook
  • We have a range of time deposits 3,6,12,24,36 months.
  • Must be left in the account for the term of cert or there will be a penalty for early withdrawal.

VISA Credit Cards
Using your Sylvania Area Federal Credit Union VISA has never been easier. Traveling, shopping, dining out even online. Just another way SAFCU makes your life easier. 

Vehicle Loans
Competitive rates and great terms makes buying the car of your dreams a reality. Contact the Sylvania Area Federal Credit Union to get a pre-approval before you go shopping!
Tuition Loans
With our tuition loan, you have a 12 month period to pay on educational expenses of up to $6,000 per child. We will even make the checks directly out to the School of your choice. 

Home Equity Loans
With low closing costs and a fixed rate, you can never go wrong with a SAFCU Home Equity*. We will lend up to 80% of your homes value minus the balance left on your existing mortgage. Please see the following example:

Let's say your home values for $100,000. We could lend up to 80% of the value minus the balance on your 1st Mortgage (ex. $70,000).
$100,000 x 80% = $80,000
-$70,000
$10,000 (Lending amount)

* Application fee may apply.
Home Loan

Home Improvement Loans
Borrow up to $10,000 using your home as collateral.
You can use it for any type of home improvement.

Personal Loans
Sometimes unexpected things happen. Consolidation, Holiday expenses, home repairs are just a few reasons to apply for our signature loan of up to $5,000. One signature loan per family.

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