Club Account

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.

  • 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

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.