Association Savings Account

Accounts for all your Financial Needs

Association Savings Account**

Do you manage the funds for a bowling league, an education association or a firefighters benefit fund? If so, the Attleboro Municipal Employees Federal Credit Union Association Account is for you.    

An unincorporated association is a less formal type of organization that may be used for smaller groups within your work or community environment. 

We require certificate signed by a principal of the organization that authorizes certain individuals to transact on behalf of the organization. A Tax Identification Number (TIN) must also be provided at account opening.  

  • Set up direct deposit
  • Transfer funds  to or from your other AMEFCU accounts 
  • Online Banking
  • Mobile Banking
  • E-Statements

Interest is compounded and paid quarterly. You will receive either a mailed paper statement or an e-mailed e-statement notification (whichever you prefer) each quarter.  

A minimum opening deposit of $5.00 is required to maintain membership and to earn the annual percentage yield (APY)*. 

Account TypeRateAPYInterest PaidMinimum Opening Deposit
Association Savings Account0.05%0.05%Quarterly$5.00
Rates effective as of January 1, 2023

To open a new membership, we will require the following…

  • Proof of new or existing Personal Membership
  • Unexpired State or Federal Government issued identification such as a driver’s license, passport or United States Military identification with a photo on it. 
  • A Tax Identification Number
  • Signed authorization from a principal of the organization allowing certain individuals to transact on behalf of the organization
  • $5.00 to open your account in the form of check, currency or internal account transfer

*APY = Annual Percentage Yield.

**The Association Savings Account is for unincorporated organization designation only.

Card access is not available to this account.

Rates are subject to change at any time without notice.

Your Funds Are Federally Insured

The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government. The NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered credit unions are covered by NCUSIF insurance protection. Click here to learn more about how your accounts are federally insured.

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Attleboro Federal Credit Union