Share Certificate Rates

Effective Date:  February 25, 2014

Share and IRA Share Certificates
Term Dividend Rate Annual Percent Yield
3 Months 0.05% 0.05%
6 Months 0.05% 0.05%
12 Months 0.05% 0.05%
24 Months 0.25% 0.25%
36 Months 0.35% 0.35%
48 Months 0.50% 0.50%
     
     
     
For all account types: $500 Minimum Deposit. Compounded & credited quarterly. The dividend period is quarterly.  Rates for these accounts is subject to change. 

The rates, fees, and terms applicable to Share Certificate accounts are provided in the Certificate Accounts Rate and Fee Schedule.  To request a Certificate Accounts Rate and Fee Schedule call 402-475-7059 or visit either credit union location. 

Except as specifically described, the following information applies to all Share Certificate accounts. 

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 all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account.  The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.  A withdrawal of dividends will reduce earnings. 

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. Dividends, Compounding and Crediting.  The compounding and crediting of dividends applicable to each account is set forth in the rate schedule.  The dividend period begins on the first calendar day of the dividend period and ends on the last calendar day of the dividend period.  

4. Balance Information.   The minimum balance requirements applicable to each account are set forth in the Rate Schedule.  For all accounts, dividends are calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day. 

5. Accrual of 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. 

6. Transaction Limitations.  After your account is opened you may not make additions to the account or withdrawals of principal from the account until the maturity date stated.  You may only withdraw dividends that have been credited.  At maturity the dividends will automatically be added to the principal or you may request that they be paid to a regular share account. 

7.  Maturity.  Your account will mature as indicated on the Certificate Accounts Rate and Fee Schedule or on your Account Receipt or Renewal Notice. 

Early Withdrawal Penalty.  We may impose a penalty if you withdraw any of the principal before the maturity date. 

Amount of Penalty.  For Share and IRA Share Certificate terms of 3 to 6 months, the amount of early withdrawal penalty is 30 days dividends.  For Share and IRA Share Certificate terms of 7 to 48 months, the amount of early withdrawal penalty is 90 days dividends.  Exceptions to early withdrawal penalties may apply. 

Renewal Policy.  At maturity the Share Certificate may be transferred to another credit union account, issued in the form of a check, or rolled into a new Share Certificate.  The Share Certificate will automatically be renewed at the same Share Certificate term 10 days after maturity.  Your new Share Certificate is subject to the earning rate in effect at the time of investment.  The interest rate and annual percentage yield have not been determined.