| Whether you're saving
for the holidays, a new home, or investing for your retirement, we offer a wide
array of accounts to help you reach your financial goals.
Share Savings Accounts
A Share Savings
Account is the first account you open at the credit union. You can open this account
with as little as $25.00. Use it for a simple savings plan as well as for Overdraft
Protection for your Share Draft / Checking Account.
Club Accounts
Holiday Club Account
Ever find yourself a little short on cash during the holidays? With a Holiday
Club Account you can save for the holidays and earn dividends. Contribute on a
weekly, bi-weekly, semi-monthly, or monthly basis. You choose the time and amount
that's right for you. You'll earn dividends on any balances of $25 or more, and
you can open the account any time. Vacation Club Account
Have you been dreaming about the ideal vacation,
but frustrated about never being able to afford
it? If so, sit down and make an estimate of the
amount of money you will need, then drop by the
credit union to set up a Vacation Club Account.
You can set up an account with an initial deposit
of $25, and your account earns monthly dividends.
Share Certificates (CDs)
A Share Certificate is a great way to earn higher
annual percentage yields. Our Share Certifcates
come with a variety of terms. We offer Regular,
Investor and Jumbo Certificates for your investment
needs. As with all funds in the credit union,
the Share Certificates are federally insured through
the National Credit Union Administration (NCUA)
to a maximum of $100,000. Take a look at what
we offer:
Regular Share Certificates
These
certificates require a minimum balance of $1,000 and are available in multiples
of $1,000. They are automatically renewed upon maturity. Terms
- 91 days
- 6 months
- 1 year
- 1.5 years
- 2.5 years
- 4
years
- 5 years
Investor Share Certificates
These
require a minimum balance of $5,000 or $10,000 and are also available in multiples
of $1,000. They earn a higher dividend then regular certificates because of the
higher balance and are automatically renewed upon maturity. Terms
- 6 months
- 1 year
- 1.5 years
- 2 years
Jumbo
Share Certificates
These are our highest yielding certificates. They
require a minimum of $100,000, can be purchased in multiples of $1,000, and are
automatically renewable upon maturity. Terms - 91 days
- 6
months
- 1 year
- 1.5 years
- 2.5 years
- 4 years
- 5
years
Individual Retirement Accounts
IRAs offer
a great opportunity to plan for the future. We can help you decide whether it
is to your advantage to open a Traditional or Roth IRA, or to rollover your current
IRA to a Traditional or Roth IRA. If you have children or grandchildren, the Coverdell
Education Savings Account should interest you. We have a variety of options:
Traditional IRA
Up to $5,000 per year can be invested, and in some cases, the contributions are
tax deductible. Members 50 years of age or over can contribute up to $6,000 per
year. Share Certificate IRAs are also available with a minimum balance of $1,000 and terms of 6 months, 1 year, 2 years, 3 years, 5 years, or 7 years.
Roth IRA
Up to $5,000 per year can be invested, and there is the potential of never
having to pay income tax on the earnings from these accounts. Members 50 years
of age or over can contribute up to $6,000 per year. Roth Share Certificate IRAs
are also available with the same terms as Traditional IRAs.
Coverdell Education Savings Account
Up to $2,000 per year can be invested for the purpose of saving for the higher
education expenses of a child in your life. Any relative or non-relative of a
beneficiary under 18 can open the account.
Call or stop by the credit union
for a "Comparing Your IRA Options" brochure. It includes details on who can contribute,
who can make deductible contributions, the tax advantages, withdrawals and more.
Money Market Account
If you are looking
for a higher yield on your investment, yet still need access to the funds, our
TOP Performing Account is right for you. This is a Money Market Account which
has a minimum investment requirement of $2,500, and three withdrawals are allowed
per month from this account without a penalty.
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