Your savings account is the cornerstone of your Credit Union membership. Once established, you can take advantage of all of our products and services. A $5 dollar pledge actually purchases a “share” of the credit union. A one-time $1 membership fee will be incurred and the $5 pledge frozen for the lifetime of your account. This account must remain open as long as other accounts or loans are open or active. Variable rate accounts. These rates may change after the account is opened. Fees may reduce earnings.
We have a savings plan for holiday spending with simple terms to help you save for Christmas. You can set up a payroll deduction or deposit funds at any time. On the 1st of November the funds will be released into your savings account. Early withdraw fees do apply. Dividends earned and paid quarterly. Variable rate accounts. These rates may change after the account is opened. Fees may reduce earnings.
We offer six month, one year, two year and five year Share Certificates. A minimum balance of $500 is all you need to establish this account. Dividend rates vary based upon the account type chosen and are fixed for the term you choose. You will be notified prior to maturity, and have a 10-day grace period from maturity, to withdraw funds without a penalty. Penalties are charged for early withdrawal. A onetime “Step-up” is offered on all 2 year and 5 year Share Certificates. This allows you to take advantage of higher dividends should the interest rate increase. This is a onetime option. (If a pledge loan is secured by the Share Certificate that will increase, so will the interest rate on the pledge loan).