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The financial
health of your Credit Union is, as always, on solid ground.
And your funds are insured by the National Credit Union
Administration (NCUA), the federal agency that administers
the National Credit Union Share Insurance Fund (NCUSIF). The
NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal
insurance fund backed by the full faith and credit of the
U.S. Government. Recently the amount of free insurance
coverage on your funds was raised to $250,000 on savings.
Click on the following links for more in-depth information
on Your Insured Funds, including share insurance estimators
and frequently asked questions.
●
NCUA Share Insurance F.A.Q.
●
Share Insurance Estimator.
●
NCUA Insured Funds Brochure.
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How Your Accounts Are Federally Insured?
SAVINGS (SHARE)
ACCOUNTS
Our basic
savings program. Each member is required to have a minimum
balance of $25.00 (one share) in a regular share account to
maintain their credit union membership.
ROTH & EDUCATION IRAs
You can use an
IRA to save for a first-time home purchase or college
education. Call for details.
Traditional Individual Retirement Accounts (IRA)
Dividends earned on an IRA are tax-free until withdrawn. In
most cases, up to $2,000 deposited in an IRA can be tax
deductible. Call for details.
VACATION CLUB
Save for those
important getaways at a higher rate of interest. Withdrawals
can be made twice a year at your discretion.
HOLIDAY CLUB
Smart spending
starts with smart savings. Our Holiday Club account allows
you to save all year long to make sure you’re prepared for
the holidays. Funds from your Holiday Club account are
automatically transferred to your regular savings account in
early October, unless you make arrangements otherwise with a
Member Service Representative. Don’t let the holidays sneak
up this year; open your Holiday Club account today and shop
for your loved ones without the stress.
TRADITIONAL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA)
Dividends earned
on an IRA are tax-free until withdrawn. In most cases, up to
$2,000 deposited in an IRA can be tax deductible. Call for
details.
INVESTMENTS
Money Market Accounts
The best dividend rate available without locking your money
in for a specific term. Four separate rate levels are
available, based on account balance.
Term Certificates
Known in other financial institutions as certificates of
deposit (CDs). A $500.00 minimum balance is required.
Additional
deposit of $250 or more may be added to any opened
certificate at any time
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