Representative Payee Account

A Representative Payee is an individual appointed by the Social Security Administration to manage Social Security or Supplemental Security Income (SSI) for a recipient beneficiary unable to handle his or her own finances.


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Rates

ProductDividend RateAnnual Percentage Yield
Share Savings Accounts0.90%0.90%

Annual Percentage Yield is accurate as of November 1, 2021.

Dividends are compounded DAILY and declared at the beginning of each month and are credited and posted on the last day of the month.

Share rates are subject to change monthly (such change to be effective on the first day of each month) to reflect any changes as declared by the Board of Directors of the State Farm Credit Union during the month preceding any such change.

Features & Benefits

  • Competitive rates means better returns
  • Helpful for appointed person to manage the recipient beneficiary’s (SFFCU member) SSI or Social Security payments

  • Able to have Secondary Share Accounts to help representative payee manage and organize the SFFCU member’s funds

Estimate Your Savings With Our Calculators

Why choose SFFCU?

Get these benefits when you save with us.

Great Rates
We offer the same competitive rates regardless of the balance.
24-Hour Access
Online & mobile banking give you access to your accounts anytime, anywhere.
Convenience
Payroll deduction makes saving automatic.
Personalized Service
We care! State Farm employees helping fellow State Farm associates.
Security
Shares are secured by the NCUA.
Achieve Financial Goals
Multiple share savings account options help meet your savings needs.