Your savings insured to

at least $100,000 by the
National Credit Union Administration, a U.S. Government Agency.
 

Section contents:

Certificates, also known as Term Accounts, allow members to invest for longer terms and receive higher dividends than savings and money market accounts. Members have the option of opening certificates for 6, and 30 months, and 1, 2, 3, 4 and 5 years with a minimum deposit of $2,500. The dividend rate is established at the time the account is opened and remains in effect for the duration of the term.

Members qualify for even higher dividends with a bonus rate when the account is opened with at least $40,000. Dividends are paid monthly and may be compounded, transferred to another account, or mailed to the member. Term Accounts may be used as collateral for loans, or the principal may be reduced with penalties applied only on the amount removed.

Members may establish a "laddered" bonus term account program by including a minimum of three term accounts maturing at different times whose aggregate deposit amount is at least $40,000.

• Federally insured to $100,000 by NCUA
• Dividends paid monthly or at maturity
• Minimum opening deposit of $2,500
• Minimum opening deposit for Bonus Term Accounts or minimum aggregate deposit in a defined "laddered" term account program: $40,000
• Higher balance yields higher return
• Choice of maturity dates 6 or 30 months, and 1, 2, 3, 4 and 5 years
• Dividends may be:
  • Transferred to savings, checking or money market accounts
  • Withdrawn without penalty at maturity
  • Automatically mailed monthly
  • Compounded in the Term Account
• Use funds as collateral on loans
• Early withdrawal will result in a penalty that could deplete original principal amounts--see Terms and Conditions for details.

• $2,500 minimum deposit to open
• $40,000 minimum opening deposit for bonus term rates

• Laddered term accounts require an initial aggregate deposit in at least 3 different term accounts of varying terms of $40,000.
• Laddered term accounts that drop below the aggregate $40,000 minimum will lose their bonus rates.

Q: How does the "laddered" bonus term account work?

A: A "laddered" bonus term account allows you to receive the bonus rate on each of at least three different term accounts with different maturity dates whose aggregate deposit is at least $40,000. As each of the shorter term accounts matures, it is renewed in a term account of the same length as the longest term account in your defined "laddered" program and at the prevailing rate for that term at the time of renewal. For example, if you establish a one-year, a two-year, and a three-year term account in a defined "laddered" bonus term account, each of the accounts will receive the bonus rate for their respective terms. When the one-year term account matures, it will renew as a three-year term account and it will receive the prevailing rate the Credit Union is offering at the time of renewal for the three-year term account.  The same applies to the two-year term account when it matures.  It will renew as a three-year term account with the prevailing rate for that term at the time of renewal. The term accounts included in your defined "laddered" term account program will then mature at one-year intervals until you decide to change your savings plan. As with a regular term account, your dividends may be withdrawn monthly or at maturity.