United Credit Union Savings Rates are competitive in the financial marketplace and are updated regularly for members contemplating making financial decisions. The rates are subject to change without notice. If you have any questions please call any of our Financial Service Centers and ask for a Personal Financial Representative.

Our member’s Share Savings are federally insured by NCUA to at least $100,000.00 and backed by the full faith and credit of the United States Government. Further, United Credit Union carries ESI – Excess Share Insurance up to $250,000.00 by American Share Insurance, Inc. This allows ours members to have up to an aggregate of $350,000.00 in their combined Savings accounts.

Disclosure for Share Savings and IRA Certificates of Deposit

The stated rate will be paid until the first maturity date of the Share Savings Certificate of Deposit.  The annual percentage yield assumes that interest remains on deposit until maturity.  A withdrawal may reduce earnings.  Interest begins to accrue on the business day you deposit any non-cash item (for example, checks).

Early Withdrawal Penalty: You may not withdraw any principal amount from this Share Savings Certificate of Deposit before maturity without our consent (which may be withheld), and if we permit such a withdrawal you will have to pay a penalty as follows:  (a) Where the original maturity of the account is one year or less, the penalty will be forfeiture of one month’s interest earned or to be earned, on the amount withdrawn, to the scheduled maturity date at the nominal (simple interest) rate in effect during the term.  (b) Where the original maturity of the account is more than one year, the penalty will be forfeiture of three month’s interest on the amount withdrawn at the nominal (simple interest) rate in effect during the term.

Renewal Policy:  Automatic Renewal, Share Savings Certificates of Deposit will automatically renew on the maturity date.  Unless you notify us in writing either before the maturity date or within a grace period of 10 calendar days after the maturity date this certificate of deposit will renew for a new term as long as the original term and at the rate then in effect at United Credit Union for similarly issued Share Savings Certificates of Deposits of like term.  If you prevent automatic renewal, no dividend will accrue after the maturity date.  We can also prevent automatic renewal if we notify you in writing 30 days before a maturity date that we do not intend to renew this account.  You must withdraw the funds within the grace period to avoid being charged a penalty.

Minimum balance required to earn a dividend is $500.00.  * Fees and conditions may reduce your earnings on your account listed. Dividends are calculated on the daily balance in the account at the simple interest rate compounded daily and paid monthly. NCUA requires that dividend payment is subject to adequate earnings and reserves in the Credit Union.