It’s never too early to start building a strong foundation, and in today’s economy, it’s more important than ever to budget and save. You work hard- you deserve to live comfortably today, tomorrow and always.

Get Started Saving

It’s important to have a plan in place when you start to save. Take a look at your current savings and see if you can cover unexpected costs like medical bills or car repairs. When you understand where you spend your money you can identify saving opportunities.

Save for Emergencies

The first step to building an emergency fund is to evaluate your monthly expenses, so you’ll know how much remaining income you have to set aside. Use our calculator to help identify how much you can afford to save each month.

Experts recommend saving 6 months of expenses for an emergency fund

Write down the following:
What’s your monthly household income?
What are your monthly expenses?
How much do you want to save for emergencies?
How much do you currently have saved for emergencies?

This will help you determine how much you need to put away in savings per month.
You met your goal. Consider increasing the amount you want to save for emergencies.

Choose a type of account to save your money

Our Share Savings Account doesn’t have monthly maintenance fees, so you can grow your emergency fund – no matter how much you’re saving. You also get the advantage of daily compounding interest, so your balance can grow faster. Plus, we offer great rates that are consistently among the most competitive.

The Benefits of a Chelsea Employees FCU Savings Account:

• Dividends earned on all average daily balances
• $25 minimum deposit to open, no minimum balance requirements
• No monthly service fees
• FREE Online Banking
• FREE e-Statements

Maximize Your Account Benefits

If you already have a relationship with us, take a look at how we can help maximize your savings.

Track your spending

With our mobile app, you can track your expenses and see where you’re spending your money.
Chelsea Employees Federal Credit Union Mobile Banking benefits:

• Review account summary & history
• Make transfers between accounts
• Receive balance information through text alerts
• Pay bills through Online Bill Pay
• Deposit funds through Mobile Check Deposit (coming Summer 2025!)

Just open a new browser window from either your desktop or mobile device and enroll in Online Banking from the Chelsea Employees FCU website. Follow the steps to register for two-factor authentication. Then, download the Chelsea Employees FCU Mobile App from the Apple or Google Play app stores, and login. It’s that easy!
Schedule recurring transfers:  Setting up recurring transfers on payday is an easy way to save. You’ll never even miss the money you’re saving. We can help you set up automatic transfers from your checking to your savings accounts.