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, 2021| Balance | 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 1, 2021| Term | Min Balance | Dividend Rate | APY* |
|---|---|---|---|
| 6-month | $500 | 0.15% | 0.150% |
| 12-month | $500 | 0.20% | 0.200% |
| 18-month | $500 | 0.25% | 0.250% |
| 24-month | $500 | 0.30% | 0.300% |
| 48-month | $500 | 0.50% | 0.501% |
| *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 1, 2021| Min Balance | Dividend Rate | APY* | |
|---|---|---|---|
| Accumulation IRA (variable rate) | $10 | 0.05% | 0.050% |
| 12-Month Certificate | $250 | 0.20% | 0.200% |
| 18-Month Certificate | $250 | 0.25% | 0.250% |
| 24-Month Certificate | $250 | 0.30% | 0.300% |
| 48-Month Certificate | $250 | 0.50% | 0.501% |
| *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 A $10.00 penalty is imposed on all IRA accounts withdrawn for transfer to another financial institution. |
|||