Savings
Savings Calculator
Regular Share Savings
Open a Regular Share/Savings Account and you'll begin to discover the advantages of credit union membership. $25.00 in your Regular Share/Savings Account entitles you, as a member/owner, to all the benefits of a full service financial institution.and once you are a member, you are always a member.
- $25.00 minimum deposit to open account
- No minimum to earn dividend
- Dividends compounded quarterly
- Easy to Save---deposit in person, through the mail, Payroll Deduction or Direct Deposit
You don't need to have a lot of money to invest with the credit union. Open a Share Certificate with as little as $500. Your dividends are guaranteed for the term of your Share Certificate.
- $500.00 minimum to open certificate
- Terms of 3, 6, 12, 18, 24 and 36 months
- Competitive dividend rates
- Dividends compounded quarterly
The High Yield Account is designed for members looking for higher returns without sacrificing liquidity or convenience. Earn higher dividends with the High Yield Account without tying up your funds. Access is easy with up to six withdrawals allowed per month.
- $1000.00 minimum deposit to open account
- No minimum to earn dividend
- Tiered dividend levels---the more you save, the more you earn!
- Dividends compounded monthly
- Easy to Save---deposit in person, through the mail, Payroll Deduction or Direct Deposit
A Health Savings Checking Account is an alternative to traditional health insurance; it is a product that offers a different way for you to pay and save for your health care. This account enables you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.*
You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of a Health Savings Checking Account. You own and control the money in your Health Savings Checking Account. You can use the funds in your account to pay for current medical expenses, including expenses that your insurance may not cover, or save the money in your account for future needs.
- $25.00 minimum deposit to open account
- No Annual Fee
- $2.00 Monthly Maintenance Fee
- Free Visa Check Card
- Free First Order of Checks
- Dividends compound monthly
*Not intended as tax advice. Please consult a tax professional.
Individual Retirement Accounts
The Taxpayer Relief Act of 1997 created a variety of new IRA options. In addition to changes made to the Traditional IRA, it also introduced Roth and Education (now known as the Coverdell ESA) IRAs. IRAs offer unique savings opportunities for retirement and education. Your tax advisor can offer guidance on which type of IRA may be best for your needs as well as answer your questions regarding deductibility of deposits and withdrawal restrictions. Traditional IRA
- Maximum annual contribution of $4,000 for 2007 and $5,000 for 2008*
- For owners age 50 and older, your limits increase to $5,000 for 2007 and $6,000 for 2008*
- Contributions may be tax-deductible*
- Earnings are tax-deferred until withdrawn (age 59 ½)*
*Not intended as tax advice. Please consult a tax professional.
- Maximum annual contribution of $4,000 for 2007 and $5,000 for 2008*
- For owners age 50 and older, your limits increase to $5,000 for 2007 and $6,000 for 2008*
- Regular contributions can be withdrawn tax-free and penalty-free at any time*
- Contributions are not tax-deductible*
*Not intended as tax advice. Please consult a tax professional.
- Maximum annual contribution of $2000 per child*
- Contributions are not tax-deductible*
- Withdrawals for certain qualified education expenses are tax-free*
- Qualified education expenses may include tuition, fees, books, computer equipment and technology required for elementary, secondary and post-secondary education*
*Not intended as tax advice. Please consult a tax professional.
There is always a need for extra cash during the holidays, whether you're buying gifts, sprucing up your home for company or traveling to Grandma's. Open a Christmas Club Savings Account to set aside money on a regular basis. Even a small amount of money can add up.tucking away $10 per week adds up to over $500 a year. Save today and help make your holiday dreams come true.
- No minimum deposit to open account
- No minimum to earn dividend
- Dividends compounded monthly
- Entire balance transferred to your credit union savings/checking on November 1st.
- Easy to Save---deposit in person, direct deposit, through the mail or Payroll Deduction
Whether your idea of getting away from it all is a trip to a theme park, a week at the beach, or your own backyard, the most relaxing vacation is one that's paid for. Be ready to start your next vacation by joining the club---the Vacation Club Savings Account.
- No minimum to open account
- No minimum to earn dividend
- Dividends compounded monthly
- Easy to Save---deposit in person, through the mail, Payroll Deduction or Direct Deposit
Accel Financial Counseling and Education
As a valued member and as a benefit of your credit union, you now have free access to Accel, a comprehensive financial counseling and education program.
The Accel Financial Counseling program offers you and your family the opportunity to receive free and confidential assistance with:
- Personal & Family Budgeting
- Understanding Your Credit Report
- Achieving Financial Goals
- Personal Money Management
- Debt Repayment Program
