Savings and Checking Rates

Last Dividend Declaration Date: February 28, 2014

Savings & Checking Rates
Account Type Dividend Rate Annual Percentage Yield Min. Balance to Earn Dividends Min. Balance to Avoid a Service Fee
Regular Share* 0.01% 0.01% $25.00 N/A
Holiday Club* 0.01% 0.01% $25.00 N/A
IRA Share 0.05% 0.05% $25.00 N/A
Regular Checking 0.00% 0.00% $2,500.00 N/A
Nifty Fifty Checking 0.00% 0.00% $25.00 $100.00
* Account Transfer limitations apply.
For all account types: Minimum Opening Deposit is $25.00. Dividends computed on the daily balance. Dividends calculated and credited monthly. Dividend period: Calendar month.

The rates, fees and terms applicable to your account at the Credit Union are provided in the credit union's Rate and Fee Schedule.  To request a Rate and Fee Schedule call 402-475-7059 or visit either credit union location.   

 1. Rate Information.  The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  For Regular Share and IRA Share account, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors.  For Nifty-Fifty Checking and Regular Checking accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. 

2. Nature of Dividends.  Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. 

3. Dividend Compounding & Crediting.  The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule.  The Dividend Period is the period of time at the end of which an account earns dividend credit.  The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule. 

4. Accrual Dividends.  For all accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.  For all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid. 

5. Balance Information.  The minimum balance requirements applicable to each account are set forth in the Rate Schedule.  For Nifty-Fifty Checking accounts, there is a minimum daily balance required to avoid a service fee for the dividend period.  If the minimum daily balance is not met, there will be a service fee as set forth on the reverse side.  For all accounts, there is a minimum daily balance to obtain the Annual Percentage Yield for the dividend period.  If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield.  For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day. 

6. Account Limitations.  For Regular Share accounts, no more than six (6) pre-authorized (ACH/automatic debit), automatic, telephone, MARS, Internet Teller, checks to a third party, or overdraft transfer withdrawals COMBINED, in any one-month period.  If you exceed these limitations, your transaction may be denied, your account may be subject to a fee or be closed.  For IRA Share, Nifty Fifty Checking, and Regular Checking accounts, there are no account limitations.  For a Holiday Club account, the entire balance will be available for your withdrawal by October 1st of each year and the account will remain open.