Savings Accounts


 

share account

Each member of the Credit Union is required to deposit  at opening and maintain a balance of at least $5.00 in the primary account. Dividends are paid quarterly on balances over $100.00. The dividend rate is declared by the Board of Directors at the end of each quarter. You can deposit money by direct deposit, service center, or come by the credit union.


christmas club account

This account allows the member to deposit funds for those holiday purchases.  Funds are available in mid-October and are transferred from the Christmas club to your draft or share account. Dividends are declared and paid quarterly.  You can deposit money using the same methods as a share account.  Just think…… If you deposit $25.00 every two weeks, you would have $650.00 available.


vacation club account

This account allows members to save for that well deserved vacation. There is no minimum balance required. Dividends are declared and paid quarterly.  You can deposit money using the same methods as a share account.  Just decide how much you will need for your vacation and start saving!


certificate account

These accounts allow members a method of saving with a fixed dividend rate for the term chosen. Terms are available for 12, 24, 36, 48, and 60 months.  A minimum opening balance of $1000.00 is required. Dividends are paid quarterly.  A penalty may be imposed for early withdrawal.


ira accounts

These accounts provide another avenue for saving with a possible tax savings. These accounts are available in a basic share account or in share certificates. The rates are the same as those for share accounts or certificate accounts. Each member’s account is federally insured up to $250,000 by the National Credit Union Administration.