Certificates

Savings Accounts

All members have a savings account at the credit union. These savings accounts are also called "shares," because they represent your ownership of the credit union.

$15 is all it takes to open your savings account. Unlike a deposit at a bank, your "share" makes you an owner, not a customer.

Interest paid on accounts is referred to as dividends. An average monthly balance of $50 or more in your regular share account earns dividends which are posted quarterly.Click here to see current savings rates.

Additional Types of Saving Accounts

  • Childrens' Savings Accounts*
  • Second Share Accounts* provide flexibility for:
    • Holiday Accounts*
    • Vacation Savings*
    • Save for College Fund*
    • Earmarked Savings* (big purchase, gifts, taxes)
  • Omega Share Accounts pay no dividends and are often used to secure loans

* These accounts earn dividends at the same rate as Regular Share Accounts and have the same deposit and withdrawal privileges.

Certificates

Certificates are savings accounts that have a specified term, or period of time. Certificates are the ideal investment when you want guaranteed rates and peace of mind. You’ll get higher yields than an ordinary savings account—and your funds are guaranteed to grow.

High rates. Choice of terms. Guaranteed returns. Safety.
What more can you ask?

Click here to see current certificate rates.

Dividends are compounded and credited monthly and at maturity. A penalty may be imposed for early withdrawal.

Special Certificates for Supporters and Nonmembers

Serving under-resourced urban neighborhoods often leaves the credit union with a need for more deposits than members can provide. We offer special certificates for investors who wish to support our efforts. The return on these certificates ranges from to full market rates to 0.00 APY for our Omega Supporter Certificate. A lower rate helps us afford the extra expenses of fully serving underserved members and neighborhoods.

Accounts are Federally insured by NCUA to at least $250,000 per account and backed by the full faith and credit of the United States Government.

Cooperative Federal accounts are federally insured by NCUA Cooperative Federal is an Equal Housing Lender
Cooperative Federal is an equal housing lender
Cooperative Federal accounts are federally insured by NCUA