No matter what your reason for savings, we have a plan to fit your needs. We offer competitive rates which mean a good return whether you invest for a long or short period of time.

SHARE SAVINGS When you save at the credit union, you are actually purchasing shares of stock with a financial institution that you, your colleagues, and family members own. A minimum deposit of $50.00 will open your share (savings) account and once your balance reaches $100.00 you will begin earning dividends at the competitive rate your credit union pays. Dividends are calculated and paid quarterly.

A share account is ideal for building reserves for emergencies and large purchases. The share account also entitles you to all of the other financial services offered a the credit union such as checking, loans etc.

CERTIFICATES OF DEPOSIT

To meet long-range savings goals, the credit union offers Certificates of Deposit (CDs). These low-risk investments earn higher rates than share accounts because money is deposited for a required length of time and locked at a given rate until maturity. Terms are available from 6 months to 5 years.

Interest is paid monthly and can be compounded in the CD (for a higher yield), or deposited into another credit union account.

The minimum deposit is $1,000.00. Deposits cannot be made to an existing CD until maturity.

Funds withdrawn before a CD matures are subject to penalty and/or loss of dividend. All Certificate of Deposit are automatically renewed.

INDIVIDUAL RETIREMENT ACCOUNTS

An IRA is still a good investment despite changes in the tax law. Most taxpayers may continue to defer taxes on their IRA contributions and everyone can defer paying taxes on the interest earned until the money is withdrawn.

If you enjoy a high standard of living, an IRA is a must for anyone in their prime income earning years. Of course, the earlier you start, the better your end result will be. An IRA combined with Social Security and perhaps your employer's retirement plan will offer the continued high standard of living after your retire.

IRAs do not have a minimum deposit; however, $2,000.00 is the maximum contribution for any tax year. You may transfer your IRA from another institution to the credit union or direct rollover a retirement plan from a qualified employer's pension plan.

MONEY MARKET This special investment checking account combines an excellent rate of return and security of deposit with flexibility. Withdrawal privileges allow you easy access to your funds.