Share Accounts

Savings Options

The Chemco Federal Credit Union offers several different savings options designed to maximize your earning power.


REGULAR SHARE ACCOUNT

This is the Credit Union’s primary account, which all members must have in order to be able to take advantage of other services. 

DIVIDENDS

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the board of directors.

  • Dividends Compounded: Quarterly

  • Dividends Credited: Quarterly

  • Dividend Period: Calendar Quarter

BALANCE REQUIREMENTS

  • Minimum Opening Deposit $5.00

  • Minimum Balance to Earn the Stated APY* $100.00

  • Balance Method: Average Daily Balance

ACCOUNT LIMITATIONS

No more than six (6)preauthorized,automatic,or telephone transfers may be made from this account to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed. You may make transfers or withdrawals in the first seven days after the account is opened without restriction.

Club Accounts

Save for Christmas or Vacation while your money earns dividends with a special Club Account.

HOLIDAY CLUB

The entire balance will be paid on or before October 1st, by transferring to your share account and the account will remain open. No more than one withdrawal is allowed per calendar year, and a $5.00 fee will be applied to the transaction. The account will be closed at the time of the second withdrawal and a $5.00 fee will be applied to the transaction.

VACATION CLUB

The entire balance will be paid on or before April 1st, by transferring to your share account and the account will remain open. No more than one withdrawal is allowed per calendar year, and a $5.00 fee will be applied to the transaction. The account will be closed at the time of the second withdrawal and a $5.00 fee will be applied to the transaction.

Special Share Account

This savings allows our membership to designate funds for special expenses such as insurance or medical. These accounts do earn a lower dividend and are limited to the number of withdrawals members may make. These accounts are helpful for those high yearly expenses

Money One Account

Want to earn higher rates while maintaining access to your funds? This is the account for you! It’s easy with our Money One Account. There is a $10,000 minimum deposit required. Check out our rates on our rates chart!