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Savings

Membership Share Savings

The source of all money loaned to members of the Credit Union is the savings of other members. Your savings in the Credit Union is called a "share account," because it is your share of ownership in the Credit Union. Your deposits to this account purchase shares on which you receive dividends. Dividends, reported as interest income to the IRS, accrue daily and are paid monthly or quarterly at the Board's discretion.

High-Yield Investment Accounts

The High-Yield Investment accounts offer a tiered interest rate based on the balance of the account at typically a higher return then the Membership Share Savings while providing the same liquidity. Dividends compound daily and are credited to the account monthly.

  • To earn interest the first tier starts at $2,500 minimum deposit
  • Make deposits anytime you want
  • Minimal restriction on withdrawals

Money Market Accounts

The Money Market accounts offer a tiered interest rate based on the balance of the account at typically a higher return then the Membership Share Savings while providing the same liquidity. Dividends compound daily and are credited to the account monthly.

  • No minimum balance requirement
  • $10.00 Monthly service charge is waived with an average daily balance of $5,000
  • Make deposits anytime you want
  • Check writing is allowed
  • Limited to 6 convenient transactions per statement cycle (A convenient transaction is a check or online transfer).
  • There is a $10.00 fee per convenient transaction if you go over 6 per statement cycle

Holiday/Tax Account

Don't be caught unprepared...welcome to our Holiday/Tax Account.  Are you tired of never having enough money at Christmas time?  And then right after that its tax time!  What if we provided a way for you to save for those pesky property taxes, or overspending holiday habits, or maybe even coming up a little short to the IRS?  We can do that with our Holiday/Tax Account.

  • No minimum balance requirement
  • The Holiday/Tax Account typically earns a higher annual percentage yield then our regular savings
  • Two open withdrawal dates November 15th to December 31st & March 15th to April 15th
  • Maximum deposit is $3,000.00 per year
  • $20 withdrawal penalty per early withdrawal 
  • This is a simple interest bearing account and dividends will compound daily and applied monthly