Deposit Accounts

Savings Accounts

Your initial deposit of $25 into a TFCU savings account is your share of ownership and establishes you as a member-owner of El Paso Area Teachers Federal Credit Union (TFCU).  Regular savings also keeps your money safe and available.  It’s also a good way to start developing good savings habits so you have the funds you need for planned purchases or an unexpected expense. Your savings account earns competitive dividends when you maintain a minimum balance of $300.

Christmas & Vacation Club Accounts

TFCU also offers club accounts for your special savings needs.  They are a great way to help you save for special occasions.  You can open a club account with as little as $5 and begin setting aside a specific amount from each paycheck to ensure that you have enough money for Christmas and/or vacation expenses.

Checking Accounts

Wherever you are in life, TFCU has the checking account to fit your lifestyle.  Life Style Checking offers four value-minded choices:

  • Basic Checking is very affordable at TFCU. There is no monthly fee if you have direct deposit of your payroll, government or Social Security check.
  • Student Checking is Free for our young members.  We understand the challenges that come with your first checking account.  So if you are between the ages of 18-24 years of age, your checking account is FREE.
  • Free Prime Checking for members in the prime of their life.  If you are 55 years of age or older, your checking account is free and you receive 100 free checks a year along with other cost saving benefits.
  • Freedom Checking.If you are between the ages of 15-17 years of age your checking account is free. There is no monthly service charge or minimum balance. You can also enjoy the freedom of a free MasterCard Debit Card.


*Basic Checking

Free Student Checking 

*Prime Checking

Monthly Service Charge

No Monthly Fee with direct deposit.  Otherwise, $4.00 monthly if average daily balance falls below $500


Free for members 18 –24 years of age.

Free for members 55 years of age and older.

Earns Dividends

Monthly with $2500 average daily balance

Monthly with $2500 average daily balance

Monthly with $2500 average daily balance

MasterCard Debit Card


No activation fee


No activation fee

No activation fee

Cost of Checks

Cost determined by design selected

 Cost determined by design selected

Free Custom Checks; Up to 100 per calendar year

Other Features


Free telephone transfers; Up to 3 per month



50% off wire transfers




Free notary service




Free financial consultation


*Share Checking Account dividends are paid monthly.

*Please note that the rates may change after the account is opened. Fees may reduce earnings.

* **The annual percentage yields are accurate as of 09-20-2017.

** Dividends are paid and compounded quarterly. A minimum deposit of $25 is required to open account.


Individual Retirement Account (IRA)

IRAs help you to begin investing for a secure future and can save you tax dollars when you contribute and while your money grows. TFCU offers Traditional, Roth and Education IRA accounts.

IRA Share Certificates are also available and offer the same rates and terms as our Traditional and Jumbo Share Certificates.

Dividends are paid and compounded quarterly.

Please note that the rates may change after the account is opened.

The annual percentage yields are accurate as of 09-20-2017.

Insured Money Market Account

An Insured Money Market Account (IMMA) serves as a liquid investment account that earns competitive dividends when you maintain the balance requirement. It’s an excellent account in which to place your emergency reserves or park money you plan to invest later.

For Insured Money Market Accounts, there is a $2,500 minimum daily balance required to maintain the account. If the $2,500 minimum daily balance is not met, the Insured Money Market Account will be closed and the existing balance will be transferred to your Savings Account.

Free Check Writing

Up to 3 per month***

Earns Dividends

Monthly with $2,500 minimum daily balance


Share Certificate Accounts

Regular and Jumbo Share Certificates offer a variety of fixed rates and maturity terms to fit your investment needs.  Because you invest your money for a fixed term, share certificates pay higher dividends than regular savings accounts and the longer the term, the higher the dividend rate.  TFCU consistently offers some of the best dividend rates on share certificates in El Paso.

Rate Plus Share Certificates

With 18 and 30 month Rate Plus Certificates, you can invest your money at today’s rates with the flexibility to increase the dividend rate once during the term of the Share Certificate.  This gives you the peace of mind of knowing that if a higher rate is offered by TFCU at any time during the term of your Rate Plus Certificate, you can take advantage of it.

Save-Lot Share Certificates

TFCU offers Save-A-Lot Share Certificates for smaller savers.  You can open a one-year share certificate for as little as $25 and begin earning quarterly dividends.  And to keep your savings momentum going, you can make minimum deposits of only $10 as often as your budget permits.  It’s a great way to earn higher dividends on your savings plan.



Early Withdrawal Penalty: We may impose a penalty if you withdraw any of the principal before the maturity date.