Certificate of Deposit & IRA Accounts:  
 
 
  Certificates of Deposit:
Deposits in the amount of $5,000 or greater can be placed in a certificate for 6, 12, 18, 24 or 30 months.

Rates of return depend on the amount and term and are based on the weekly auctions of the US Treasury Bills
  • $5,000 minimum to open
  • Interest bearing account
  • Dividends paid quarterly on all balances $5,000 or greater
  • Dividends paid monthly upon request for accounts over $90,000
  • Quarterly account statements

IRA Accounts:
Individual Retirement Accounts offer income tax deferred savings and come in the form of regular savings and time certificates. 

FIXED RATE IRA INVESTMENT:
Recommended for lump-sum depositors or investors who want fixed rates guaranteed until maturity.

  • Fixed rate, compounded daily
  • The minimum opening deposit is $250
  • Additional deposits are $250 minimum
  • Maximum annual contribution cannot exceed $2,000
  • Monthly statements available
  • Maturity: up to five years
  • Early withdrawal penalties may apply

VARIABLE RATE IRA INVESTMENT:
Recommended for first-time IRA investors, rollover IRA investors or depositors who prefer to make smaller installments.

  • Variable rate, compounded daily
  • The minimum opening deposit is $100
  • Additional deposits are $50 minimum
  • Automatic deposit option available
  • Maximum annual contribution cannot exceed $2,000
  • Monthly statements available
  • No maturity
  • A penalty of $50 for early closing is applicable if the account is closed within the first 6 months

Member accounts are insured up to $100,000 by the National Credit Union Administration.  Click here for more details>>>

  
 
USA PATRIOT ACT
You Can Help Us in the War on Terror

The USA Patriot Act requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. These new procedures are designed to prevent crimes, such as identity theft and account fraud that terrorists commit to finance their operations against the U.S. and its citizens.

Your Understanding and Cooperation Are Appreciated.

When an account is opened or changed, you will be asked for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying government issued documents. The definition of an account covers a broad range of regular financial transactions such as deposit, transaction, asset, or credit accounts or other extension of credit. The required verification may be inconvenient for some but a strong deterrent for terrorists and other criminals.

You can rest assured that we that we will only request the information required by the law…and that we will use the information only for purposes of complying with the law. Your privacy is our tom concern, and we will respect and protect it as always, consistent with the law’s requirements.

Thanks for your understanding and help in this critical effort. The war on terrorism will be fought on many fronts, and this one of them.		  
 
 
 

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Contact Polam
(650) 367-8940