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| Share Type |  Rate | Term | APY* | | | | | | | Regular Shares | 1.00% | Over $5,000 | 1.01% | | | | | | | Regular Shares | 0.90% | $2,500 to $4,999 | 0.91% | | | | | | | Regular Shares | 0.75% | $1,000 to $2,499 | 0.76% | | | | | | | Regular Shares | 0.50% | $100 to $999 | 0.51% | | | | | | | Regular Shares | 0.25% | $.01 to $99.99 | 0.26% | | | | | | | Share Drafts (checking) | 0.50% | $100 & Up | 0.51% | | | | | | | Christmas Club | 1.00% | All | 1.01% | | | | | | | IRA Non-Term Shares | 1.00% | All | 1.01% | | | | | | | ______________ | | | | | | | | | | Certificate $1,000 to $4,999 | 1.50% | 12 Months | 1.51% | | | | | | | Certificate $1,000 to $4,999 | 1.75% | 24 Months | 1.76% | | | | | | | Certificate $1,000 to $4,999 | 2.00% | 36 Months | 2.02% | | | | | | | ______________ | | | | | | | | | | Certificate $5,000 to $24,999 | 1.75% | 12 Months | 1.76% | | | | | | | Certificate $5,000 to $24,999 | 2.00% | 24 Months | 2.02% | | | | | | | Certificate $5,000 to $24,999 | 2.25% | 36 Months | 2.27% | | | | | | | Certificate $5,000 to $24,999 | 2.50% | 48 Months | 2.52% | | | | | | | Certificate $5,000 to $24,999 | 2.50% | 60 Months | 2.52% | | | | | | | ______________ | | | | | | | | | | Certificate $25,000 and Up | 1.90% | 12 Months | 1.91% | | | | | | | Certificate $25,000 and Up | 2.10% | 24 Months | 2.12% | | | | | | | Certificate $25,000 and Up | 2.30% | 36 Months | 2.32% | | | | | | | Certificate $25,000 and Up | 2.60% | 48 Months | 2.63% | | | | | | | Certificate $25,000 and Up | 2.60% | 60 Months | 2.63% | | | | | | | ______________ | | | | | | | | | | Jumbo Certificate >$50,000 | 2.00% | 12 Months | 2.02% | | | | | | | Jumbo Certificate >$50,000 | 2.25% | 24 Months | 2.27% | | | | | | | Jumbo Certificate >$50,000 | 2.50% | 36 Months | 2.52% | | | | | | | Jumbo Certificate >$50,000 __________________________________ | 2.75% | 48 Months | 2.78% | | | | | | | Church/Org Variable Rate Share | 1.25% | $10,000 Minimum | 1.26% | | | | | | | Church/Org Variable Rate Share | 1.50% | $15,000 Minimum | 1.51% | | | | | | | Church/Org Variable Rate Share | 1.75% | $25,000 Minimum | 1.76% | | | | | | | Church/Org Variable Rate Share | 2.00% | $100,000 Minimum | 2.02% | | | | | | | Church/Org Variable Rate Share | 2.25% | $200,000 Minimum | 2.27% | | | | | | | Certficate Rates effective 07/10/2010; Reg. Shares Rates effective 07/01/2010 | | |
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NOTICE: Rates are subject to change without notice.
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Regular Shares, Share Drafts, Club Accounts and other miscellaneous savings accounts Rates are Effective: July 1, 2010; Share Certificate and IRA Certificate Rates are effective July 10, 2010; and Church Variable Rate Shares are effective July 1, 2010.
*APY = Annual Percentage Yield Calculation of Annual Percentage Yield (APY) assumes that all dividends (interest) for 12 months are re-invested into the savings instrument (and not withdrawn).
For explanation and sample calculations of dividends, as well as loan interest calculations, please click here.
The earnings and APY on the various savings instruments may be reduced by applicable fees. See the Share Accounts Disclosure, by clicking on the "Disclosures" link on the right-hand side of this page, third paragraph under the Treasure Chest. |
Staggered Maturity Investments - Laddering To obtain the optimum return on certificate investments, the "Laddered Method" is used to stagger the maturity dates of multiple certificates. For example, $3,000 could be equally divided into three $1,000 certificates with maturities of 1 year, 2 years and 3 years. When each certificate matures, the Laddered Method "rolls-over" the certificate for the longest term, and usually the highest rate - in this case 3 years. Eventually, all certificates are for 3 years and all are earning the highest rates possible at the time of their maturity. Click here, to see the method explained further. |
Share Certificate & IRA Certificate Terms For Certificate terms, Early Withdrawal Penalties and Notifications, please click on the following link for our disclosures. Click Here.
A Summary of fees and minimum balance requirements, for most share accounts:
1. The NSF check fee is $24.00, (includes ATM NSF and electronic funds NSF).
2. Low Balance Fee on Share Accounts (for below the Membership required balance of $25.00), is $3.00 per month for all members below the minimum at the end of any day during the month.
3. All first loans require a minimum pledge in the Regular Shares of $100, in addition to the Membership Required deposit of $25. Each additional loan on the books, requires a $50 pledge.
4. Negative Account Fee, for going below zero in any account at the end of day, is $8.00 per month.
5. Dormant Account Fee is $3.00 per month for inactivity for over 1 year.
6. Share Draft Accounts do NOT require a minimum balance. However, going negative at the end of any day will assess a one time per month service fee of $8.00, posted at the end of that month.
See the appropriate Disclosures and recent newsletters for additional information. |
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Share Savings Disclosure  We offer a variety of savings and investing accounts with highly competitive rates of return. The following minimum balances are required to avoid a "Low Balance" service fee.
Regular Shares ..........$25.00
Share Draft (checking)..$ 0.00
IRA Non-Term............$25.00
Christmas Club...........$ 5.00
Church Variable Rate....$10,000
Dividends are computed daily and paid to all accounts quarterly. Rates on share accounts (non-maturity and non-term accounts), are subject to change quarterly, with notification.
The earnings and APY on the various savings instruments may be reduced by applicable fees. A lisitng of fees can be found in the Share Account Disclosure brochure. For further information on Annual Percentage Yield (APY) , please contact the Credit Union or click on the following link to see the detailed Share Account Disclosure brochure.
Share Certificate and IRA Certificate rates are subject to change daily without notice. Contact the Credit Union for up to the minute rates.
IRA Certificate disclosures are enclosed. Click Here to get information on rates, APY and annual fees and closing fees. IRA Certificate Terms are the same as Share Certificate Terms. See terms at Click Here
Church Variable Rate Shares  Special "Money Market" type account offered to churches and church related organizations, only. The following rules apply:
1. Two (2) withdrawals or transfers out allowed each calendar month.
2. Charge of $3.00 per withdrawal transaction over maximum of 2 allowed per month.
3. Monthly Service Charge of $5.00 if balance falls below $10,000.00 minimum required balance.
4. Closing Fee of $10.00 if account is closed within one (1) year.
5. Funds will be liquid with exception of rules.
6. Rates are subject to change on a quarterly basis, without prior notification.
7. Rate for $10,000 minimum required balance will always exceed passbook rates.
Note: The Variable Rates may change periodically and when required balances in tiers are reached. |
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