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Savings & Certificates

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NCCU has several savings plans designed to meet the various needs of our members. The savings accounts are usually referred to as "share" accounts, which better indicates your membership in, and ownership of, the credit union.
Contact NCCU for current share rates.
NCUA insured All NCCU accounts are insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA, National Credit Union Administration, a U.S. Government Agency.
 
The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, includes a provision extending the $250,000 share insurance coverage provided by the NCUSIF through December 31, 2013. Please visit www.ncua.gov for more information.

Share Accounts:

  • Type 1 - Primary Share/Life Insurance:
    Interest is calculated daily, paid quarterly and also has a matching life savings insurance policy, which could increase the account value by a maximum of $2,000.
  • Type 2 - Primary 2 Share:
    Interest is calculated daily, paid quarterly and does not include life savings insurance, yet pays a higher dividend than Type 1.
  • Type 3 - Individual Retirement Account (IRA):
    Dividends are paid in the same manner as Types 1 and 2.
  • Type 4 - Roth IRA:
    Dividends are paid in the same manner as Types 1 and 2.
  • Type 5 - Educational IRA:
    Dividends are paid in the same manner as Types 1 and 2.
  • Type 7 - Uncertificate Account:
    Dividends are calculated on a daily basis and paid at the end of each quarter. There is a minimum of $300 required and a higher rate is paid when the balance exceeds $1,000.
  • Type 8 - Christmas Club Account:
    Dividends are paid in the same manner as Types 1 and 2. Funds are available for withdrawal November 1 through December 24 each year.
  • Type 9 - ExpandaChek Account:
    Dividends are calculated on a daily basis and paid monthly. You will receive a monthly statement for reconcilement purposes. (Please refer to the ExpandaChek page for more information.)