Signature Federal Credit Union’s (Signature FCU) Choice Checking account has been earning 3.00% APY on qualifying balances up to $15k, since it was introduced in April 2015. Qualifying balances of $15k+ earn 0.10% APY, as do all non-qualifying balances.
- Direct Deposit(s) totaling at least $1k each month
- Enroll and receive e-statements
- At least 10 debit card purchases each month
The Choice Checking account has no minimum balance requirement or opening deposit requirement, but there is limit to one account per member. ATM fees are reimbursed up to $10 per month, if qualifying requirements are met. One free order of standard checks is provided once a year.
Headquartered in Alexandria, Virginia, Signature Federal Credit Union’s field of membership (FOM) provides a way to join for almost any U.S. citizen or resident alien.
USPS: Employees and retirees of the United States Postal Service qualify for membership.
Employment/Affiliation: Employees and members of 19 Washington, D.C. area businesses and organizations are eligible to join.
Sponsorship: Individuals who are sponsored by current Signature FCU Members also qualify.
Easy Membership: The fifth option on the online application reads,
Still need another way to join? By selecting this option Signature FCU will enroll you into American Consumer Council (ACC), at no cost to you, therefore making you eligible for membership.
Joining Signature FCU and/or opening a Choice Checking account can be done online, or in person at the sole branch located in Alexandria. The Membership Application is also available for download, and can be returned through a secured upload or by mail.
Credit Union Overview
Signature Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.42% (excellent), based on June 30, 2017 data. In the past year, Signature FCU increased its total non-brokered deposits by $6.56 million, an above average annual growth rate of 2.84%. Please refer to our financial overview of Signature Federal Credit Union (NCUA Charter # 20061) for more details.
Signature Federal Credit Union was originally chartered in 1970 as NAPUS (National Association of Postmasters of the United States) Federal Credit Union. The rebrand is reflective of a change in the charter and the scope of membership. Signature FCU is currently the 25th largest credit union in Virginia, with more than 23,700 members and assets in excess of $301 million.
How the Choice Checking Compares
When compared to the 37 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are nationally available and have maximum qualifying balances of at least $15k, Signature Federal Credit Union’s Choice Checking APY currently ranks third.
The above rates are accurate as of 11/1/2017.