There is a minimum balance of $100.00 to receive a dividend on the regular share account. There is a membership fee of $1.00 to initially set up a new share account. $5.00 must remain in the account at all times to be a member.
| Range | Dividend Rate | APY |
| $0.00 to $99.99 | 0.00% | 0.00% |
| $100.00 and over | 0.25% | 0.25% |
Christmas, Vacation, and Summer Payment Accounts. There is a minimum balance of $0.01 to receive a dividend on the club account.
| Range | Dividend Rate | APY |
| $0.01 and over | 0.25% | 0.25% |
There is a minimum balance of $0.01 to receive a dividend on the escrow account.
| Range | Dividend Rate | APY |
| $0.01 and over | 0.10% | 0.10% |
The Credit Union is currently not paying a dividend on share draft checking accounts regardless of the balance.
*** Dividends are accrued daily and paid monthly, on the first day of the next month. If on any day your balance falls below the minimum balance you will not receive dividend for that day. If you close your account before the accrued dividend is paid you will not receive a dividend.
| $500 Minimum | Dividend Rate | APY |
|---|---|---|
| 12 months (1 year) | 0.45% | 0.45% |
| 24 months (2 years) | 0.60% | 0.60% |
| 36 months (3 years) | 0.65% | 0.65% |
| 48 months (4 years) | 0.80% | 0.80% |
| 60 months (5 years) | 0.85% | 0.85% |
Please note that the one year through five year term share certificates earn dividends, which are paid quarterly into the term share certificate. Early redemption penalty is the forfeiture equal to the smaller of the following two amounts: dividends since the date of issuance, or 90 days dividend per years of purchase. (Dividends are paid on the last day of March, June, September, December, and at maturity.) Certificates purchased now automatically renew at maturity unless otherwise notified.
** Dividends may be paid only from current income and accumulated earnings, after required transfers to reserves at the end of each dividend period, except in the case of term share certificate accounts where the dividend rate is fixed for the term account. The APY and APR applicable to an account may therefore change from time to time as determined by the Credit Union’s Board of Directors at its discretion.
