Club Account
DESCRIPTION

The Club Account allows credit union members to make deposits throughout the year for specific purposes such as vacation, school expenses, taxes or holiday expenses. Check interest rates.

GENERAL OPTIONS
  • No minimum opening balance if opened through Payroll Deduction
  • Dividends are paid based on the balance in the account
  • Dividends are calculated using the average daily balance method and paid at maturity
  • Members may name the account and establish the account maturity date
  • Account balance is transferred to the member’s checking or savings account on the maturity date
  • Members receive statements quarterly; monthly if they have a checking account
  • Deposits are voluntary and can be made anytime during the year
  • $10 fee applies if a member withdraws prior to maturity
  • OPEN A NEW ACCOUNT

Why should I open a Club savings account?

Many members find it is easier to accumulate funds by establishing and depositing into a separate account.

Won’t it be difficult to track two different accounts?

Although this is a separate account, you will still receive only one statement and may view all of your credit union accounts online with one simple login.

What if I can’t make it into the credit union to make my deposit?

We can arrange for a Payroll Deposit, or an automatic transfer from any of your accounts on a schedule of your choice.