Secondary Savings Accounts
You’re welcome to open a second share account in addition to your regular account. It’s great for when you want to set money aside for a special purpose, and you receive the same rate of compounding dividends.
*Deposits are insured to an aggregate $250,000 by the NCUA.
Club accounts provide a separate savings plan for members who wish to earmark savings for a special purpose, such as holiday purchases, summer wedding expenses, or a vacation. Since funds remain separate from other deposit accounts, members are less tempted to use the funds for other purposes throughout the year, and a withdrawal or transfer fee of $10 per transaction for removing funds before maturity helps too. Both accounts earn dividends and all the transactions are published on a quarterly statement.
For Holiday Club accounts, the entire balance is transferred to your regular savings on or after October 1. For Vacation Club accounts, the entire balance is transferred on or after May 1. These accounts remain open to allow savings for the next year, unless you instruct us otherwise.