Rates
Accounts / Rates Loans / Rates Services/Fees Calculators
Effective as of: 11/01/2024
| Accounts and Rates | |
| SHARE (SAVINGS) ACCOUNT | |
| Required for active membership | |
| Minimum Opening Deposit | $20.00 |
| Balance Requirements | $20.00 |
| Minimum Dividend Balance | $20.01 |
| Balance Method | Daily Balance |
| Dividends | $20.01 and Over .05% APR* |
| Annual Percentage Yield | $20.01 and Over .05% APY** |
| Dividends Compounded and Credited Quarterly | |
| SHARE DRAFT (CHECKING) ACCOUNT | |
| Minimum Opening Deposit | Check Charge |
| Dividends | None |
| Annual Percentage Yield | None |
| FRESH START SHARE DRAFT (CHECKING) ACCOUNT | |
| Minimum Opening Deposit | $25.00 |
| Balance Requirements | $25.00 |
| Dividends | None |
| Annual Percentage Yield | None |
| $5.00 Monthly Maintenance Fee | |
| VACATION CLUB/CHRISTMAS CLUB | |
| Minimum Opening Deposit | $20.00 |
| Balance Requirements | $20.00 |
| Minimum Dividend Balance | $20.01 |
| Balance Method | Daily Balance |
| Dividends | $20.01 and Over .05% APR* |
| Annual Percentage Yield | $20.01 and Over .05% APY** |
| Dividends Compounded and Credited Quarterly | |
| INDIVIDUAL RETIREMENT ACCOUNT (TRADITIONAL) | |
| Minimum Opening Deposit | $5.00 |
| Minimum Dividend Balance | $0.01 |
| Balance Method | Daily Balance |
| Dividends | .15% APR* |
| Annual Percentage Yield | .15% APY** |
| Dividends Compounded and Credited Quarterly | |
| *APR = Annual Percentage Rate | **APY = Annual Percentage Yield |
| Except as specifically described, the following Disclosures apply to all Accounts. | |
| 1. RATE INFORMATION. The Dividend Rate and Annual Percentage Yield on your Accounts are set forth above. The Dividend Rate and Annual Percentage Yield may change as determined by the Board of Directors. | |
| 2. NATURE OF DIVIDENDS. Dividends are paid from current income and available after required transfers to reserves at the Dividend period. The Dividend Rate and Annual Percentage Yield are the prospective rates and yields that the Credit Union anticipates paying for the applicable period. | |
| 3. COMPOUNDING AND CREDITING. Dividends will be compounded and credited as set forth above. The Dividend period is quarterly, except Share Draft Account which is monthly. Beginning on the first calendar day of the quarter or month and ending on the last calendar day of the quarter or month. | |
| 4. ACCRUAL OF DIVIDENDS. Dividends will begin to accrue on non-cash deposits (E.G. Checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid. | |
| 5. BALANCE INFORMATION. The minimum balance required to open each account is set forth above. The minimum Dividend Balance required to earn a dividend is set forth above. | |
| 6. ACCOUNT LIMITATIONS. The Account Limitations for each account are set forth above. | |