SAVINGS PRODUCTS

Regular Share Account- A share account is credit union language for “savings

account” which pays dividends.  Shares may be deposited or withdrawn at any time as long you maintain a minimum balance.  Deposits may be made by mail, in person, or through payroll deduction.  All share withdrawals are issued by check.  Quarterly statements reflecting prior balance transactions and dividends will be mailed to you.

Single Ownership-  This account belongs to one member only.  The person who signs the membership application is the only one with access to the account

Joint Ownership- This account is held jointly by a members and another person(s), who may or may not be a member.  Both persons sign the joint share agreement and either may make withdrawals or deposits to the account.  Both owners have total access.

Family Membership- Once you are a member, any member of your family may become a member regardless of where they work.  You earn a $10 referral fee.

Christmas Club Account- This club ends the first week in October.  You may start a new club at any time in the year.  You may deposit funds yourself or conveniently through payroll.  All club balances are transferred to your regular share account in October.

Vacation Club Account- This club ends the first week in April.  You may start a new club at any time in the year.  You may deposit funds yourself or conveniently through payroll.  All club balances are transferred to your regular share account in April.

Money Market Account- This is an alternative to a share account.  The dividend rate is based on the balance of the money market.   There is a limit to how many withdrawals per month to this account and you must maintain a balance of $1000 to receive a dividend.

Term Certificates- We offer CD’s for 6 months, 1 year and 2 year terms.

Minimum deposit to open is $1000.  Earnings are posted to the certificate at maturity.

Individual Retirement Account Savings (IRA)- Any member who is working and under the age of 70 ½  may open an IRA account.  All earnings are tax-deferred until withdrawn.  You can plan for your retirement with our IRA account.

Individual Retirement Account Term Certificates- We offer IRA CD’s for 6 months, 1 year, and 2 year terms.  Minimum deposit is $1000.  All earnings are tax deferred until withdrawn.  Earnings are posted to the certificate at maturity.