Our profits go to our members. After all, you are our shareholders.
Doesn’t it feel good to know you are part of a cooperative where there’s no one at the top getting rich off your hard work? That’s one of the key differences between a credit union and a bank. Our profits are returned back to our members in the form of fewer fees, higher dividends and lower lending rates.
Savings & Club Account Dividend Rates
Effective January 1, 2022Balance | Dividend | APY* |
---|---|---|
$5 – $2500 | 0.05% | 0.050% |
$2500.01 and over | 0.05% | 0.050% |
*APY=Annual Percentage Yield |
Share Certificate Dividend Rates
Effective January 11, 2023Term | Min Balance | Dividend Rate | APY* |
---|---|---|---|
6-month | $500 | 0.75% | 0.751% |
12-month | $500 | 01.00% | 1.01% |
18-month | $500 | 1.45% | 1.451% |
24-month | $500 | 2.00% | 2.02% |
48-month | $500 | 2.45% | 2.456% |
*APY=Annual Percentage Yield. Six-month Share Certificate dividends are compounded monthly; 12- to 48-month Share Certificates are compounded quarterly. |
IRA Dividend Rates
Effective January 11, 2023Min Balance | Dividend Rate | APY* | |
---|---|---|---|
Accumulation IRA (variable rate) | $10 | 0.15% | 0.150% |
12-Month Certificate | $250 | 1.00% | 1.01% |
18-Month Certificate | $250 | 1.45% | 1.451% |
24-Month Certificate | $250 | 2.00% | 2.02% |
48-Month Certificate | $250 | 2.45% | 2.456% |
*APY=Annual Percentage Yield. A penalty of 180 days dividend is imposed for early withdrawal for all IRA Share Certificate terms except for 12 month certificates, which have a 90 day dividend penalty. A $10.00 penalty is imposed on all IRA accounts withdrawn for transfer to another financial institution. |