Certificates of Deposit

Rate Information
The Annual Percentage Yield and the Dividend Rate for these accounts will change on a weekly basis.  Please contact our office for the most current rate.

Compounding and Crediting
Dividends will be compounded quarterly and will be credited to your account quarterly.  If you close your certificate account before dividends are credited, you will be subject to an early withdrawal fee (see below).

Early Withdrawal Penalties
If you close your certificate account before maturity, we may impose an early withdrawal penalty which is equal to the unearned interest through to maturity.

Balance Computation Method
Dividends on this account are calculated on the Average Daily Balance method.

Daily means that a daily periodic rate is applied to the principal in the account each day.

ADB means that the Average Daily Balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Limitations
Once this Certificate of Deposit Account is established, you may not make any additional deposits into this Account until the maturity date of the Certificate.

Renewal
You will be notified at least 10 days prior to your certificates maturity date.  Your Certificate will automatically renew at maturity unless you inform us otherwise.  Your Certificate will be renewed at the current rate at maturity.

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.