Information and Alerts

Mission Savings Fund

Increased savings for your mission

Perfect For Those Preparing to Serve

At Deseret First, we understand it’s a financial sacrifice to serve a mission. So we created the Mission Savings Fund to help future missionaries. This teaches members how to manage their finances before they head out on their mission. At the same time they’ll earn great returns towards their missionary service! Our goal is to offer support to help you save, learn financial management, and be able to pay for your mission. Thus it’s the perfect option for:
  • parents setting up a Mission Savings Fund for their children
  • teenagers planning to serve a mission
  • grandparent / family members / friends looking to set up a Mission Savings Fund for a youth
  • adults planning to serve a mission
Start Saving Today
Mission Savings Fund Rates
Savings AmountRateAPYLoyalty RateLoyalty APY

Rates quoted as annual percentage yield (APY). The APY applies to balances beginning at $0.01. Fees could reduce earnings. Rates subject to change after account opening. Additional products and rates are listed here.

Designed for Future Missionaries

Savings Rates

Higher savings rate

Unlimited Deposits

Unlimited deposits

No Minimum Deposit opening

No minimum deposit

Long Term Savings

Long-term savings

Proudly Serving Members and Employees of The Church of Jesus Christ
of Latter-day Saints

In the 1950s, the First Presidency of the Church realized that employees of the church offices needed access to financial services; they decided to help provide these much-needed services. On August 4th, 1955, the LDS Church Office Credit Union was founded. Gordon B. Hinckley was one of the first board members.

The first branch was established in 1974, and the membership was expanded to include any employee of The Church. After steady growth in the 80s, the credit union changed its name to Deseret First Credit Union. It expanded its membership to include all members and family members of The Church of Jesus Christ of Latter-day Saints.

We now have over 70,000 members across the nation and have been able to put our members first with our unique products and services.

Want to know more about how Deseret First could be the right fit for you and your financial needs? Want to learn more aobut how we serve our members across the nation or how we understand and respect your values and can help you align your financial needs with your values? Learn more by clicking the button below.

Learn More
Sister missionary holding a copy of the Book of Mormon in a foreign language

Account Requirements

  • Membership and eligibility required.
  • For youth/minor accounts, bring in the minor’s social security card or bring their social security number and birth certificate.
  • One free withdrawal allowed every 6 months. A $25.00 fee is charged for additional withdrawals within the 6-month time frame.
Start Application

Apply online today! For questions or to apply directly with a representative, call 801-456-7000 or 800-326-3328. Available weekdays: 8am-7pm, Sat: 9am-2pm. Additionally, you may visit any Deseret First Branch.

Membership and eligibility required. Terms and conditions apply. Accounts are federally insured by the NCUA. *APY = Annual Percentage Yield. Higher rate APY is up to $15,000; regular rate over $15,000.

We work with our members toward realizing financial and spiritual potential. Pretty unique for a financial institution, right? We think so, too!
We embrace the values of members of The Church of Jesus Christ of Latter-day Saints but we also celebrate diversity of experiences and perspectives. Our shared “why” of faith creates a supportive relationship that allows you to be you, all while helping you achieve financial success.

Give your savings an energy boost!

Save to Serve