These accounts include regular shares, checking, money market accounts, and share certificates. The NCUSIF provides all members of federally insured credit unions with $250,000.00 in coverage for their individual accounts. Your money is safe because it is insured by the National Credit Union Share Insurance Fund (NCUSIF) at no cost to you, our member. NCUA requires that dividend payment is subject to adequate earnings and reserves in the Credit Union. Dividends are calculated on the daily balance in the account at the simple interest rate compounded daily and paid per the account agreement.

If you have any questions please call any of our Financial Service Centers and ask for a Personal Financial Representative.įees and conditions may reduce your earnings on your account. The rates are subject to change without notice. United Credit Union Savings Rates are competitive in the financial marketplace and are updated regularly for members contemplating making financial decisions. You must withdraw the funds within the grace period to avoid being charged a penalty.ĪPY = Annual Percentage Yield.

We can also prevent automatic renewal if we notify you in writing 30 days before a maturity date that we do not intend to renew this account. If you prevent automatic renewal, no dividend will accrue after the maturity date. Unless you notify us in writing either before the maturity date or within a grace period of 10 calendar days after the maturity date this certificate of deposit will renew for a new term as long as the original term and at the rate then in effect at United Credit Union for similarly issued Share Savings Certificates of Deposits of like term. If we permit such a withdrawal, you will have to pay a penalty the greater of 365 days interest or $50.Īutomatic Renewal: Share Savings Certificates of Deposit will automatically renew on the maturity date. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks).Įarly Withdrawal Penalty: You may not withdraw any principal amount from this Share Savings Certificate of Deposit before maturity without our consent. The annual percentage yield assumes that interest remains on deposit until maturity. The stated rate will be paid until the first maturity date of the Share Savings Certificate of Deposit. Disclosure for Share Savings and IRA Certificates of Deposit

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