Savings
Membership Share Accounts
A minimum deposit of $5.00 is required to become a member.
This allows you one share in the credit union.
No other services with the credit union can be offered unless this $5.00 minimum is maintained.
A minimum $50.00 average daily balance is required to receive APY**. Dividends are calculated on the average daily balance (paid and compounded quarterly).
The dividend rate is based on current market conditions.
There is no dividend penalty for the withdrawal of funds.
Deposits earn dividends from the date of deposit to the date of withdrawal.
Money Market Account
Generally, our highest-yielding savings account.
Dividends are calculated on the average daily balance (paid and compounded monthly).
There is no dividend penalty for the withdrawal of funds.
Deposits earn dividends from the date of deposit to the date of withdrawal.
This is a tiered share account where the more extensive the account balance, the higher the dividend rate your funds will earn.
Scottie Youth Club
Children 12 years and younger are eligible.
For every $10.00 in deposits, they earn one Scottie Stamp.
With Scottie Stamps, they may purchase items that are on display at the credit union.
SCOTTIE YOUTH MEMBERS:
The Scottie Youth account is in place to encourage kids to save their own money. When kids deposit their money, they will receive one Scottie Stamp for every $10 deposited (limit of 10 per day). Scottie Stamps can then be used to purchase items from the Scottie Saver Store at the credit union. Deposits of their own money include, but are not limited to, allowances, birthday money, gift money, and money earned doing chores. It does not include the parent’s payroll checks, tax refunds, child support checks, or other deposits of the parent’s money. You may still deposit these things into your Scottie Saver’s account, but you will not earn Scottie Stamps for them.
To earn Scottie Stamps, you must maintain your savings balance. If you withdraw funds, the amount has to be redeposited before more Scottie Stamp can be earned.
Please remember to bring your Scottie Saver book every time you make a deposit so that we can be sure to give you all of the Scottie Stamps that you earned.
Scottie Teen Account
Teens 13 years old to 17 years old
Receive $2.00 for every A on the report card each semester.
Chance to Win a $500.00 Scholarship to a university or trade school of your choice.
SCOTTIE TEEN MEMBERS:
The Scottie Teen account is a part of our ongoing education. As children grow closer to college and financial independence, this program helps chart the course for teens. It enhances teens knowledge of personal finance, money management and how to create good savings habits.
Individual Retirement Accounts
TRADITIONAL IRA
Dividends are Tax-Deferred, and in many cases, the contribution is Tax Deductible.
A great way to lower your tax liability.
Easy to open.
Deposits can be for any amount within IRA statutory limits.
Accounts are insured separately up to the maximum amount designated by the National Credit Union Administration (NCUA), a US Government Agency. No setup charges or annual maintenance fees.
Dividends are calculated on the average daily balance (paid and compounded monthly).
Dividend rates may change at any time.
ROTH AND EDUCATION IRAs ARE ALSO AVAILABLE
Dividend rates may change at any time.
Dividends are calculated on the average daily balance (paid and compounded monthly).
Accounts are insured separately up to the maximum amount designated by the National Credit Union Administration (NCUA), a US Government Agency. No setup charges or annual maintenance fees.