Share Account

• Share Account application
• Guarantees your lifetime membership in Securityplus FCU.
• $5.00 minimum deposit to open account.
• Funds are insured to an aggregate $250,000 by the NCUSIF (National Credit Union Share Insurance Fund).
• Accounts may be individual or joint, with special provisions for group funds, in trust, or gift funds under the Uniform Gift to Minors Act.

Holiday Club Account

• Holiday Club Account application
• Each November 1st, balance is automatically transferred to your Checking or Share account.
• Minimum opening deposit of $25.
• Easy method to save for special occasions and to earn dividends too.
• Regularly scheduled deposits can be conveniently made.

Name Your Club Account

• Minimum opening deposit of $25.
• Dividends are earned based on your day-in, day-out balance and are compounded and credited monthly. The balance is available whenever you want - any time of the year.
• Easy method to save for special occasions and to earn dividends too.
• Name the account whatever you want, and it's easily recognizable on your statements and on e-Banking.
• Regularly scheduled deposits can be conveniently made.

 

Individual Retirement Accounts

• IRA application
• Traditional IRA
  • A minimum opening deposit of $100 required.
  • Provides financial security for your future with a tax-deferred IRA Share account.
  • Individuals who are under age 70½ and have earned income may contribute.
  • No required minimum distribution until you reach age 70½.
  • The annual contribution limit is $4,000 for 2006; additional $1,000 catch-up contribution for individuals over age 50.
  • You can withdraw funds from your IRA any time after you reach age 59½.
  • Traditional IRA FAQ
• Roth IRA
  • A minimum opening deposit of $100 required.
  • The annual contribution limit is $4,000 for 2006; additional $1,000 catch-up contribution for individuals over age 50.
  • The Roth IRA gives investors tax-free earnings and penalty-free withdrawals after five years and after having reached age 59½.
  • As long as you have earned income, you can establish and contribute to a Roth IRA even after age 70½.
  • Roth IRA FAQ

Coverdell Education Savings Account

• Coverdell Application
• The Coverdell Education Savings Account allows investors to make non-deductible annual contributions up to $2,000 per year for each child up to age 18.
• Coverdell Education Savings Accounts are trust accounts for the same designated beneficiary, established by the same grantor, and are insured up to an aggregate $100,000.
• Earnings from a Coverdell account grow tax-free and can be used to pay qualified elementary and secondary school expenses as well as those for higher education.
• Coverdell Education Savings Account FAQ

IRA Share Certificates

• IRA Share Certificates application
• Minimum initial opening deposit of $1,000.
• Terms range from 1-5 years.
• Earnings are tax-deferred until withdrawn.
• Offered as either a Traditional or Roth IRA.

Share Certificate Accounts

• Share Certificates Account application
• Minimum initial opening deposit of $1,000.
• Share Certificates offer flexible opportunities for higher earnings
• Terms range from 3 months to 5 years.

Minimum Balance Account (MBA)

• MBA application
• Minimum initial deposit of $15,000.
• Extremely competitive rate of return.
• No penalties for withdrawal.

Money Market Accounts

• Money Market Account application
• Minimum initial deposit of $1,500.
• Better than market dividend rates.
• Money Market Accounts with a balance of $5,000 - $49,999.99 will earn our Plus dividend rate.
• Money Market Accounts with a balance of $50,000 or more will earn our Premier dividend rate.
• Easy access to your funds.
• Limited check writing capabilities.