An investment vehicle that requires a specific balance to remain on deposit for an established period of time. In return, the dividend rate is usually higher than that of other share accounts.
Dividends Paid
Dividends are added to the principal or may be credited to an account monthly by member request. All dividends are posted on the first of the month.
All certificates will renew automatically on the maturity date and will earn dividends at the current rate. Certificates have a 10 calendar day grace period during which a member may make changes without penalty.
1. A penalty is charged for early withdrawal (up to 90 days worth of dividends). If less than 90 days earned, the penalty will equal all dividends earned since issue or renewal. If dividends are being paid out to an account, penalty amount is taken from principal. Member may withdraw the dividends earned at any time without incurring a penalty. Certificates are not allowed partial withdrawals or term changes. These situations require the closure of the certificate.
Your savings federally
insured to at least $100,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency.
