Savings Products

Share (Savings)

Open this account and you immediately have many services available to you. Your regular savings account is called a Share Account because it represents a share of ownership in the Credit Union. The minimum deposit to open this account is $25 with a one-time membership fee of $1. Dividends are paid quarterly and statements are mailed quarterly.

Share Draft (Checking)

The Share Draft Account is the Credit Union's form of checking. Our checking accounts have:

No service charges
No minimum balance necessary
Overdraft Protection available
Visa/Debit Card available

Certificate of Deposit (CD)

For the highest possible return on your savings, Certificates of Deposit (CDs) are available with the term of 6 months or 12 months. There is a significant penalty for early withdrawal. The minimum deposit to open a certificate is $1,000.

Individual Retirement Account (IRA)

The basic IRA pays a higher rate of return than the regular Share Account. All deposits are federally insured up to $250,000 per member by the National Credit Union Administration, an agency of the federal government. The National Credit Union Share Insurance Fund is one of the strongest deposit insurance funds in the nation. Your funds could not be more secure.

Money Market Account

A money market account requires $2,500 to open and earns higher dividends than regular shares. You are allowed to make five withdrawals per month and it allows you to earn interest on your money without tying it up for long periods of time.

The shares in your credit union account are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of the National Credit Union Administration (NCUA). NCUA is an independent agency of the United States Government. NCUA charters, regulates and insures the nation's federal credit unions.

The Fund was established by Congress in 1970 to insure member share accounts at federally insured credit unions, and is managed by NCUA.

Your share deposit insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). Share accounts in federally insured credit unions are insured up to $250,000, an amount equal to the insurance protection offered by the FDIC. Generally, if a credit union member has more than one account in the same insured credit union, those accounts are added together and insured up to $250,000. However, Individual Retirement Accounts (IRA's) are separately insured to $250,000 each.

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