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Budget, Save, Invest

The secret to a secure financial future is simple. Budget for your short term goals, save for medium-term goals, and invest for your long term goals. Whether it's a lifelong dream or a weekend getaway, Bayou Federal Credit Union offers a variety of superior products and services to help you get there. All of our deposit accounts are federally insured, so you know your money is safe.

Share Savings
The share savings account is the foundation of your Credit Union membership. This account can be opened by paying a one-time $5.00 membership fee and depositing a minimum of $5.00 (one share), that must be maintained while you use credit union services. When you open your share savings account, you become a member/owner of Bayou FCU and you are then eligible to discover the credit union difference and the advantages of credit union membership at Bayou Federal Credit Union.

  • Dividends paid and compounded quarterly on average daily balances of $100.00 or more
  • Deposits accepted via payroll deduction, direct deposit, bank by mail, night deposit or over the counter at one of our branches or a participating Credit Union Service Center.
  • Free Personal Teller 24-hour Account-by-Phone Automated Access
  • Quarterly Statements
  • Three withdrawals per quarter at no charge
  • Dividends on the Share Savings Account are set by the Board of Directors

IRA Savings Accounts
IRA Savings Accounts are available for our members who are looking for ways to invest money for their retirement and reduce their tax burden at the same time.

  • Dividends paid and compounded quarterly on average daily balances of $100.00 or more
  • Deposits accepted via payroll deduction, direct deposit, bank by mail, night deposit or over the counter at one of our branches or participating Credit Union Service Center.
  • Add any amount up to a maximum of $4,000 per person per year
  • Free Personal Teller 24-hour Account-by-Phone Automated Access
  • Quarterly Statements
  • All rates subject to change without notice.
  • The IRS imposes a penalty for early withdrawal and allows only one rollover every 365 days

Club Accounts
Club Accounts are designed to help you save for special events like the holidays, a family vacation or a first bike! Regular deposits with payroll deduction help these savings grow with little effort! All Club Accounts offer the following features and benefits:

  • Dividends paid and compounded quarterly on average daily balances of $100.00 or more
  • Deposits accepted via payroll deduction, direct deposit, bank by mail, night deposit or over the counter at one of our branches or participating Credit Union Service Center.
  • Free Personal Teller 24-hour Account-by-Phone Automated Access
  • Quarterly Statements

Christmas Club – Get ready for the holidays throughout the year with a savings account specifically designated for your holiday shopping sprees. Your funds will be transferred to your checking or share savings account during the 3rd week of October with account automatically renewing for the next holiday season.

Vacation Club - Save for your dream destination year-round with your funds available when you need your get-away -- right-away!

Panda Pal Youth Savings Club – We’ve made it easy and fun for children up to 12 years of age to start saving money while learning the value of financial responsibility. In addition to the other benefits and features of our Club Accounts, Panda Pal members receive:

  • Special quarterly newsletter
  • One Panda Buck for each $10.00 deposited for redeeming special prizes from our Panda Pal Treasure Chest!