Wedding Savings Accounts at Credit Unions
With Valentine’s Day just around the corner, NerdWallet is taking a moment to talk about savings accounts for couples that are engaged or planning ahead for their wedding. Weddings have so many components to consider: food, guests, venue and more. It can be overwhelming! Thankfully, many credit unions offer wedding savings or registry accounts that allow brides and grooms-to-be to start saving money ahead of time. These accounts also provide an appropriate way to ask friends and family for monetary gifts. Guests can make gift deposits and the accounts alert you when deposits are made. Sometimes the accounts earn interest, so your wedding savings earn while you plan. If you’re getting ready or just starting to plan your wedding, a wedding savings account at a credit union is an excellent way to help fund your big day.
Wedding Savings Account – America First Credit Union (Ogden, UT)
America First Credit Union knows that weddings can be expensive, and couples often need extra sources of income to afford them. Their Wedding Savings Account is available at any of their 101 locations in Nevada and Utah. American First also provides registry announcement cards that can be placed inside marriage announcements and invitations, and friends, family and wedding guests can make cash deposits to the account at any branch location. Gift certificates with gift information will be sent to the newlyweds, and the account can be accessed any time the couple needs it. American First Credit Union membership details can be found here.
MatriMoney – TLC Community Credit Union (Adrian, MI)
TLC Community Credit Union’s MatriMoney account is a club savings account designed specifically for couples trying to save for their wedding. You have the option of using payroll deduction, direct deposit or account transfer to add to your account, and you can convert your money into a prepaid debit card when you reach your wedding day. Use the money for any part of your wedding or honeymoon expenses. TLC Community Credit Union has 5 locations in Southeast Michigan, and membership is available to anyone who lives or works in Lenawee, Hillsdale, Jackson, Washtenaw or Monroe counties, Michigan.
Wedding Savings Registry – Coors Credit Union (Golden, CO)
The Wedding Savings Registry at Coors Credit Union is a great way to help fund your wedding. You can invite friends, family and guests to make gift deposits into your account. Coors Credit Union will even throw in a special $50 gift as the first deposit into the account. Coors also provides Wedding Checking Accounts to better keep track of your wedding funds. Coors Credit Union has branches in Golden and Arvada, Colorado, and membership details can be found here.
Wedding Registry Account – Heritage Federal Credit Union (Newburgh, IN)
Whether you are planning for your wedding or honeymoon, or trying to make wedding gifts simpler, the Wedding Registry Account at Heritage Federal Credit Union makes the process easier. Family and friends can make gift deposits online, by mail or in-person, and you can access your money whenever you need it. There is no minimum deposit, but you must have a $5 membership share in the credit union to join. Balances of $100 or more earn tiered interest at the same rates as regular savings accounts. Couples can be listed on the Heritage Federal Credit Union Wedding Registry, and Wedding Registry cards will be provided to accompany wedding announcements and invitations. Heritage Federal Credit Union has 4 branches in Evansville, 2 in Newburgh and 1 in Booneville, Indiana. Membership is open to residents of Warrick and Vanderburgh counties, Indiana.
Bridal Registry Account – Envista Credit Union (Topeka, KS)
Presents are nice, but with all the costs associated with putting a wedding together, sometimes you just want a nice way to ask for money. The Bridal Registry Account at Envista Credit Union offers a more sophisticated way to ask for gifts. Envista will give you as many registry cards as you need for announcements and invitations, and these cards will inform guests you have an account they can deposit money into. Envista will give you receipts that note the gift-giver’s name to help you make thank-you lists. Envista Credit Union has 8 branches in Topeka and 1 in Hutchinson, Kansas. Membership details can be found here.
MatriMoney Special Purpose Savings – Water and Power Community Credit Union (Los Angeles, CA)
Savings accounts at Water and Power Community Credit Union are a great way to save for the future, and MatriMoney Special Purpose Savings is an even better way to save for your wedding. You can make deposits online, by mail or in person. There is a minimum balance of $50, but the account earns 1.00% APY on balances up to $5,000. It’s easy and convenient. Water and Power Community Credit Union has 5 locations in the Greater Los Angeles area. Membership details can be found here.
Wedding Registry – Central Maine Federal Credit Union (Lewiston, ME)
Central Maine Federal Credit Union wants to reward engaged couples with their Wedding Registry account. The account is a 12-month share certificate investment that can be withdrawn at any time and has no minimum deposit. And when you join, Central Maine Federal Credit Union will give you your first gift! Central Maine Federal Credit Union is located in Lewiston, Maine, and membership is open to residents of Androscoggin County, Maine.
The Wedding Registry Account – Advance Financial Federal Credit Union (Schererville, IN)
The Wedding Registry Account at Advance Financial Federal Credit Union is the safe way to store your wedding funds. The account provides registry cards that can be mailed with wedding announcements or invitations, you receive duplicate receipts of every deposit made and the money is available whenever you need to access it. As a bonus, you get a special gift upon opening the account, and special savings rates for loans and CDs. Advance Financial Federal Credit Union has branches in East Chicago, Schererville and Gary, Indiana, and membership is open to residents of Lake County, Indiana.
MatriMoney – Hughes Federal Credit Union (Tucson, AZ)
Easier than a department store gift registry, Hughes Federal Credit Union’s MatriMoney account gives you the opportunity to have guests deposit cash gifts into your account. Registry cards given to you by the credit union inform guests where to make deposits, and you can receive texts or emails that alert you when deposits are made. You can check your account online at any time to see who is making deposits. New members are automatically added into a $500 monthly drawing, so you have the chance to add even more to your savings. Hughes Federal Credit Union has 6 branches in Tucson, Arizona. Membership details can be found here.
MatriMoney – Hampton Roads Educators’ Federal Credit Union (Hampton, VA)
MatriMoney at Hampton Roads Educators’ Federal Credit Union is an elegant way to avoid getting gifts you don’t need. Registry cards provided by the credit union give your guests the option of making gift deposits into your MatriMoney account. The account has a minimum opening deposit of $100, but the account earns interest instantly. Hampton Roads Educators’ Federal Credit Union will also match the first $100 in gift deposits. You can track your account online or in-person, and your funds become available the first business day after the wedding. Hampton Roads Educators’ Federal Credit Union is located in Hampton, Virginia. Membership details can be found here.
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