Services Offered
Payroll Deduction
Automatically make loan payments and share savings account deposits by deducting a set amount from each pay.
EFT
Electronic Funds Transfer: Transfer funds to or from your credit union account automatically. We can set you up to receive and/or send funds on the 2nd Friday and the 4th Friday each month.
Shares Account:
Deposits may be made and withdrawn at any time. For large withdrawals advance notice is requested.
Certificate of Deposit:
Term Certificates of deposit available for 6, 12, 18 or 24-month terms.
Holiday Club:
Deposits made each month and withdrawn only during the withdrawal period of November 1st through December 15, 2023.
Quarterly Dividends
The Board of Directors declares dividends at their regular meeting at the end of each quarter. By regulation, credit unions cannot guarantee share rates at the beginning of the quarter. Share rates can only be declared after the quarter is over.
The reason for this is, by regulation, a dividend can only be declared after all expenses have been paid and a portion of the net set aside for reserves. This law insures the stability and future of the credit union.
Dividends will be posted on the first day of the month following the quarter in which they are earned. Dividends will be calculated on the average daily balance method. A minimum average daily balance of $100.00 is required to earn dividends. The Board of Directors shall establish a single dividend rate or graduated dividend rates at the end of each quarter. When graduated rates are declared, the average daily balance for the quarter will determine the rate applied for the quarter. Closed accounts do not earn dividends for the quarter in which the account is closed.