Design your own account! Save for special occasions or designated expenses. Have the security of knowing the money is there when you need it. Club accounts let you plan now for expenses in your future. Design your account to set aside a little every month for holiday shopping, vacation, tuition, or a down payment on your next automobile purchase.
See how fast your savings can add up when you pay yourself a little bit each pay period:
|Bi-Weekly Commitment||Dividend Rate*||Value after 1 year|
*Sample rate only.
Club Account Features
- No minimum deposit to open account.
- You’ll earn competitive rates so your money can grow. Dividends are compounded and paid monthly on the average daily balance, from day of deposit to day of withdrawal.
- The option of direct deposit is a convenience that lets you pay yourself first. Over the counter deposits let you build up your savings as extra funds come along.
- Automatic renewal option keeps you saving for the next year or next expense.
- October 1st, club account funds will transfer to the checking or savings previously selected. If you received a check in the past, funds will transfer to your primary savings.
All club accounts are allowed one free annual withdrawal via the lobby or calling and requesting the transfer. This withdrawal is not available via automated means (Talk, NetTeller, etc.) or through Shared Branches.
- Your deposits are insured by NCUA up to $250,000.
Federally Insured by NCUA
SAVINGS DISCLOSURE INFORMATION
Nature of Dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividend rates are declared periodically and are subject to change.
Average Daily Balance Computation Method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Effect of Closing an Account - If you close your account before dividends are paid, you will not receive the accrued dividends.
Fees and Other conditions may reduce the earnings on Savings, Premium, and Certificate accounts.
Certificate and Club Account Penalty - Penalty may be imposed for early withdrawals.
Variable Rate Certificates - Rates are adjusted on the 1st of each month. Rates are subject to increase or decrease according to changes in the 91-day T-Bill rate plus .35%.
Other terms and limitations may apply to these accounts. You may obtain a current copy of the "Terms and Conditions" brochure by contacting the credit union office. Need a copy of the "Terms and Conditions" brochure? E-mail us a request.