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Term Share Certificates

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Term Share Certificates are investment tools for individuals to earn a guaranteed interest rate on a specified amount of funds for a specific term. This rate is usually higher than regular shares. Term share certificates allow you to earn a guaranteed rate of return on your deposited funds, as well as, earn a higher rate of interest on funds set aside for such things as education or down payment on property. Terms are available to meet your individual needs. Certificates may be opened at any time. Although there is a minimum amount required to open a certificate, there is no maximum allowed for deposit. NCUA share insurance provides protection to at least $100,000 per individual. Funds can be withdrawn in an emergency or by paying a penalty.

Term Options:
We offer term share certificates in five different terms as follows:

  • 90 Day
  • 6 Months
  • 12 Months
  • 24 Months
  • 36 Months
  • Special Sunset Certificates as posted. (Not always available)
Rates: For a complete listing of our current rates, please see our complete rate schedule.
Interest: Calculated daily, compounded and credited monthly. You can elect to have dividends paid to your share or share draft account monthly or receive a check rather than have the interest build up in their certificate. (This will affect the APY on the certificate)
Maturity: You will receive a reminder that your certificate is maturing at least 2-3 weeks before the maturity date. If we don't hear from you, we automatically renew the certificate for the same term but at our current rate. Special Sunset Certificates do not automatically renew and are credited to the members primary share account at maturity.
The member has ten days to notify the credit union if they would like something different.
Penalties: If a certificate is closed out or withdrawn before the maturity date, the member is charged a penalty. The penalties are as follows:

  • Term of 1 year or less - 31 days of interest
  • Terms greater than one year - 90 days of interest

In certain circumstances, no penalty is charged - depending on the reason for early withdrawal.

Term Share & IRA Certificate Rates
Account type APY* RATE
3 Month Certificate 0.300% 0.300%
6 Month Certificate 0.400% 0.400%
12 Month Certificate 0.500% 0.499%
24 Month Certificate 1.150% 1.144%
36 Month Certificate 1.350% 1.342%
IRA Shares/Payroll 0.600% 0.599%
IRA Term Share ($500 Minimum) 0.600% 0.599%
All rates subject to change without notice.
The minimum deposit for all Term Share Certificates is $1,000.
Penalties may be applied for early withdrawal.
* Annual Percentage Yield

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