Share Savings

Kenmore Teachers Federal Credit Union is a member-owned, not-for-profit financial institution. You become a member when you open your first Share (Savings) account.

Who Can Be a Member?

All Kenmore Town of Tonawanda Union Free School District employees and their immediate family members. If you have questions about who qualifies as a family member, give us a call or stop by the credit union.

As a member, you are an owner! And, collectively, all the member-owners save and lend with one another. That’s what happens when you deposit funds into and take out loans from the credit union.

We are here to provide you with personalized, dedicated products and services. We want to get to know you, your needs and to grow with you.

Giving back to members is what makes your credit union able to offer the best rates, lowest fees and, in some cases, no fees at all; something impersonal, for-profit banking institutions are not able to offer.

We are monitored by a volunteer Board of Directors and volunteer oversight committees. We are subject to annual exams by federal regulators. We have been providing our members personalized service since 1935.

As your credit union, a member is always an individual, never a number.

If you have questions about who qualifies as a family member, click here to visit our Membership page, give us a call or stop by the credit union.

You can open as many accounts as you need. You can open several types of accounts such as Certificates of Deposit, Holiday Club, Summer Club, Nest Club or IRA accounts. For more in information on how to apply for an Associations or Organizations account, click HERE.

Our Members can even open accounts tied to your Business. For more in information on how to apply for a Business account, click HERE.

Benefits to opening a Share (Savings) Account: 

• Access to accounts online via Home Banking.
• No monthly maintenance fee.
• All deposits insured up to $250,000 (from NCUA).
• Remote Deposit is available as an optional service.
• No limit to the number of accounts.
• Each account is eligible for Direct Deposit.
• 24-hour access to Phone Banking (KATIE).

Important Documents to Review When Opening a Share (Savings) Account: 

• Membership & Account Agreement
• EFT Agreement and Disclosure
• Funds Availability Disclosure
• KTFCU Truth in Savings Disclosure
• Remote Deposit Capture Agreement
• Current Savings Rates
• Current Fee Schedule
• Overdraft & Overdraft Fee FAQ

What Happens to an Account When a Loved One Passes?

It's always a difficult time when a loved one passes. There are certain thing you need to know about your loved one's Credit Union accounts. If you find yourself in this situation, we provide you with important details. Click HERE for more information.