Savings Accounts

Regular Savings Account

Your savings account represents one unit of ownership in the Credit Union. Savings accounts must maintain a $50.00 minimum balance at all times to be eligible to use all Credit Union services. Dividends are paid quarterly to your account. Deposits can be made through payroll deduction, mail, interoffice mail, direct deposit or in person at the Credit Union. Withdrawals can be made at the Credit Union or mailed to you.

Money Markets

A Money Market is an account that allows you to earn a higher rate of interest while keeping your money liquid. The interest rate on this account will fluctuate with the balance in the account and the current interest rates. You will only be allowed three withdrawals a month without penalties. The minimum balance for the Money Market is $2,500.00.  Money Markets are no way tied to the stock market.

Share Certificates 

Share Certificates are a safe and secure way to invest your money. A Share Certificate allows you to earn a higher rate of interest while your money is locked up for a specific term. We offer six, twelve, eighteen and twenty-four month Share Certificates. You choose the amount, rate and term that best suits your needs. The minimum amount to open a Share Certificate is $1,000.00.

A Smart Way to Stagger Share Certificates

Share Certificates (SC) are a good choice for basic savings.  "Laddering" offers flexibilty and is a smart way to invest in SCs.  Here is an example of how it works:  Let us say you divide your money into four equal pots and put 25 percent into a six month SC at the current rate, another 25 percent into a one year SC, another 25 percent into an eighteen month SC and the last 25 percent into a 24 month SC.  When the first SC matures in six months, reinvest that money into a two year SC at the current rate.  Do the same with the one year SC when it matures, reinvest in a two year SC.  And so on as the SCs mature.  The key to this is to reinvest for the same interval so that so that you will have money perodically available to reinvest for a greater return if interest rates rise.

Christmas Clubs

A Christmas Club is designed to help you save for those holiday expenses. You can sign up for the Christmas Club at any time and make regular payroll deduction contributions or deposits to your account. In mid-October your Christmas Club will be transferred to your savings account.  You can then transfer to your checking account or make a withdrawal.  You will have plenty of time to shop for the holidays.

Vacation Clubs

Start your Vacation Club at any time and make regular payroll deduction contributions or deposits to your account. You will earn interest and you will have the money you need to make your travel dreams come true.

Tax or Insurance Accounts

Save for those yearly expenses, such as homeowners insurance, car insurance, property taxes, even income taxes. Open a Tax or Insurance Account any time and make regular payroll deduction contributions or deposits to your account. Help yourself budget for those yearly expenses without having to worry.