Accounts

Contact the credit union to open an account. You can complete the membership application below. Print and bring it to the credit union with your driver’s license and Social Security card.

Savings Account

All savings accounts have the benefit of payroll deduction and direct deposit. This eliminates the hassle of coming into the credit union, plus the benefit of saving before receiving your payroll check. Minimum balance to open an account and remain a member of the credit union is $5.00.

Checking Account

  • No Monthly Service Charge

  • Unlimited Check Writing

  • Overdraft Protection

  • Courtesy Pay Protection

  • VISA Check Card

IRA Accounts

Traditional IRA

A Traditional IRA is a type of retirement plan that has been in existence since 1975. Traditional IRAs offer tax-deferred earnings and the possibility for tax-deductible contributions. These tax advantages make the Traditional IRA a powerful tool in creating your balanced, long-term savings plan.

ROTH IRA

The Roth IRA is a new kind of individual retirement account created by the Taxpayer Relief Act of 1997. Named for Senate Finance Committee Chairman William Roth, Jr. (R-DE), this IRA offers more incentives to boost your retirement savings as well as more ways to use your nest egg.

Coverdell Education Savings Account

The Coverdell Education Savings Account is a new kind of tax-advantaged savings account created by the Taxpayer Relief Act of 1997. This IRA’s sole purpose is to help you pay for your child's higher-education expenses, such as tuition, fees, books, supplies, and equipment. In some cases, room and board is also a qualified expense.

Beneficiaries

Importance of Updating Beneficiary Designations

Often when we think of IRAs, we think of security and financial stability during our retirement years. However, as people put more money aside for retirement, we see that members do not always use all of their IRA money before death.

When members die, their beneficiary designations become very important. These designations direct who will receive the death benefits. It is imperative that IRA owners keep their beneficiary designation forms updated to ensure that the IRA funds are paid out in a timely manner following their deaths.

Member Responsibilities

It is your responsibility as a member to keep the beneficiary designations current. However, with the busy lives we lead, this is not always at the top of our "to do" list. Therefore, it is good member service to remind our IRA owners how important it is to update their IRA beneficiary designation forms.

In addition, another reminder is to change your beneficiary form upon change in marital status. Failure to change your beneficiary form upon marriage or divorce could result in a former spouse being listed as the beneficiary. And upon the IRA owner's death, this could lead to the designation of benefits being contested in court, which could have been avoided with a change in beneficiary.

Questions or Changes

If you have any questions or need to make changes in beneficiaries, please contact one of our Member Service Representatives at (225) 389-3059.

Christmas Club Account

The Christmas Club Account can be opened anytime during the calendar year. Christmas Club funds are transferred to your savings account the first week of October each calendar year. The account will remain open and ready to receive payroll deduction beginning on the next payroll after funds are transferred unless the member requests that the account be closed. If the member withdraws from this account, there is a $10.00 fee for each withdrawal.

Vacation Account

Open a BRCPEFCU Vacation Account and start saving for your dream vacation today!

Youth Account

“A & B” Club

Every “A” and “B” your child gets on his/her report card throughout the school year will get their name entered in a drawing for cash deposited to their account. So, mail, fax, or drop off a copy of your child’s report card to the credit union as soon as you get it.

If your child is not a member, it is not too late. All you have to do is bring in your child’s birth certificate and Social Security card, fill out a membership card, and deposit as little as $5.00. Then your child can join the “A & B” Club and start saving at an early age.

Your child must be a member to win and age 5-17. Entries are limited to Elementary, Middle, and High School students.

Fee Schedule

Check our latest fee schedule. For questions, contact the credit union.

Identification Policy

USA PATRIOT ACT

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that on personal accounts identifies each person who opens an account. In addition, on Legal Entity accounts, we will require identification on beneficial owners and one individual that has significant managerial responsibility for the Legal Entity.

What that means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. For Legal Entity accounts, we are required to ask you for identifying information (name, address, date of birth, social security number, and identification documents). We may also ask to see your driver’s license or other identifying documents.

We proudly support all efforts to protect and maintain the security of our members and our country.