The basic share account is your membership share account. A balance of $25 must be maintained at all times to retain your credit union membership. This account earns monthly dividends on balances over $100, and receives statements quarterly. Deposits can be made over the counter, through ATMs, by direct deposit, or by mail.
Tiered Interest Account (TIA)
The TIA account is an exciting tiered structure investment that combines a high yield with easy access – the more you save the more you earn! A minimum balance of $1500 is required to earn interest. TIA accounts yield higher interest daily, and are paid monthly.
Saving for Christmas doesn’t need to be difficult. It’s as easy as opening a Christmas Club Savings and having a small amount deposited or deducted from your pay. Even if you deposit as little as $10 per week, you’ll have a tidy sum by next Christmas. The funds are deposited to your savings account on November 1st. For an easy way to transfer funds use payroll deduction, direct deposit, Voice Response, or Home Banking.
Health Savings Account (HSA)
A Health Savings Account (HSA) in conjunction with a high-deductible health plan (HDHP) is a new way to lower your health care costs. It’s a tax-advantaged account that can be used to pay for day-to-day eligible
medical expenses. Your HSA is also an excellent way to save for retirement as the money in your account continues to grow tax-free, year after year.
The HSA works just like a regular savings account. You can withdraw cash or transfer money to your checking account to pay for qualified medical expenses. Statements can be mailed or viewed online, and you’ll receive a year-end report for tax purposes.
- No Minimum Balance
- Monthly Dividends
- Tax Savings
- Balances will rollover from year to year
Rate: .20% APR
Individual Retirement Account
Start saving for retirement here. IRAs are tax deferred savings plans that members deposit funds into to help save for retirement. No annual, maintenance, or transfer fees. Watch it really pay off in the future. We have two IRA accounts, the Traditional and the Roth. Ask a member service representative about each of their advantages.
Rate: .20% APR
Minimum balance of $100 required to earn Annual Percentage Yield. Updated 7/1/13
|Share||Minimum Balance Requirement*||APY*|
*Minimum balance required to earn dividends
|Regular Shares||$100 - $2,000||.15%|
|CU Succeed Teen Club||$100||.15%|
|Kirby Kangaroo Club||$100||.15%|
|Balances to earn interest up to||$24,999||.30%|
|Balances to earn interest up to||$25,000 - $49,999||.40%|
|Balances to earn interest up to||$50,000 - $99,999||.50%|
|Balances to earn interest over||$100,000||.55%|
This credit union is federally insured by the National Credit Union Administration