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| ACCOUNT PRODUCTS |
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Regular Savings Account (RATES | APPLICATION | DISCLOSURES)
This is your primary savings account and is required for initial membership. It operates like a passbook savings account. You can make one free withdrawal per calendar month. Interest is paid quarterly on the average daily balance.
This account is a money market type account that usually earns a higher rate than the Regular Share Savings.
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Minimum balance of $2,000
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Payroll deductions are allowed
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One free withdrawal per calendar quarter
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Interest is paid quarterly on the average daily balance maintained
Club Account Savings (RATES | APPLICATION | DISCLOSURES)
Our Club Account Savings is an account for all purposes. Use it for vacations, holidays, education, special savings needs. Key benefits include:
Individual Retirement Savings (RATES | DISCLOSURES)
 IRA Share Savings
This is an open account with no maturity dates, no minimum balance, and can receive payroll deductions. There are no withdrawal fees. Remember that withdrawals can result in taxable income and penalties by the IRS. Interest is paid quarterly on the average daily balance.
Traditional
A traditional IRA program is an account which allows you to defer taxes on your earnings until you withdraw the funds. Based on your personal tax situation, you may receive a tax deduction for this type of deposit. You must start withdrawing funds once you reach age 70½.
Roth
This new IRA program is gaining popularity because it allows all earnings to grow tax-free, and there is no age that you must start distributions from this account. This IRA is not tax-deductible; however, it does offer some advantages over a Traditional IRA program. One of the benefits for some is the provision for "qualified distributions".
A qualified distribution from a Roth IRA means the account must have been opened for at least 5 years and you are either older than 59 1/2; disabled, or a first-time home buyer ($10,000 lifetime withdrawal limit). Another benefit of the new Roth IRA is that there is no required distribution, so if you don't need the funds you do not need to take any withdrawals from the program.
The laws on IRAs have changed for 2006:
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Members can contribute up to $4,000 to their IRA.
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IRA members 50 and older can contribute an additional $1000. This is for traditional and Roth IRA'S.
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If a member is making a contribution for 2005 (they can do this until April 15, 2006) the amount is $4,000.00.
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IRA owners making the additional $500 contribution for 2005 must turn 50 by 12/31/05.
Certificates of Deposit (RATES | DISCLOSURES)
Share Certificate Term:
6 months - 60 months
Dividend Method:
Dividends are computed daily, posted monthly; or you can elect to have your dividends transferred monthly to your credit union savings or checking account.
*After your certificate is opened, the dividend rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account.
Checking Accounts (RATES | APPLICATION | DISCLOSURES)
 Freedom . . . Convenience . . . Easy Access to Your Account... With our new, exciting checking accounts, you can have it all!
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Re-Order Checks Online
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No Monthly Service Charge
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Free Peace-of-Mind Overdraft Protection from a savings account ($2 per transfer, limited to 6 transfers per month.)
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No Per-Check Fee
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Direct Deposit
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Convenient ATM access at all Cirrus ATMs
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Debit cards now available
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Duplicate checks for easy record keeping
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ART - Audio Response Teller allows telephone access to your account 24 hours per day
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HFS - Home Financial Services allows Internet access to your account 24 hours per day
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$100 required to open a checking account
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Checking accounts are now paying interest monthly
Rainbow Money Market Account (RATES | APPLICATION | DISCLOSURES) |
| LOAN SERVICES |
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Home Equity Loans (RATES | APPLICATION | DISCLOSURES)
Put your home to work for you with up to 100% financing of your available equity. Choose between line-of-credit or closed-end home equity products. Your home is more than a roof over your head . . . it's also a valuable source of funds to improve your life! Why not capitalize on the equity that is "locked up" in your home to pay for many of life's pleasures?
Here are some benefits of a Home Equity loan from your credit union:
- Tax deductible loan (in most cases; consult a tax advisor for the deductibility of interest)
- $50 application fee
- Low closing costs or No Closing Cost on loans over $25,000.00
- Variety of Home Equity plans including . . .
- Fixed rate program: Maximum term 240 months
- Variable Rate program: Interest rate adjusted every 12 months, payment based on credit line available. Maximum term 240 months
- Convenient payment plans through payroll deduction or monthly direct - your choice!
- No prepayment penalties
- Fast approval!
For specific rate information or to apply, simply contact our office at 800-356-4501! We are anxious to help you discover the many benefits of a home equity loan with your credit union!
Proof of homeowners insurance is required.
Auto Loans (RATES | APPLICATION | DISCLOSURES)
Low rates on new and used auto loans, with up to 100% financing!
Our lending team is anxious to help you drive away in the vehicle of your dreams! Contact us today and let us assist you with all of these areas of the car buying process: Click here to apply.
Financing:
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Preapprovals available! Shop with confidence knowing the amount that works best into your budget, and avoid pressure from the dealers.
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We can assist you with vehicle pricing, so you'll know you are getting the best deal for your next vehicle.
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Hassle Free - quick loans, great rates!
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Personal service and fast approval!
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Payment protection. Protect your budget and your family with loan coverage (optional).
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Credit Life and Disability Insurance
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Discount Programs
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Preferred Dealer Car Sales
Guaranteed Asset Protection (GAP)
We offer Guaranteed Asset Protection (GAP) on our auto loans. Cost $250.00 one-time fee added to the loan balance. Most cars depreciate by thousands of dollars as soon as they are purchased. And if you vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference, the "gap" between your insurer's settlement and your loan balance. That gap will come out of your pocket for a vehicle that, for all practical purposes, no longer exist. GAP is a low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.
Boats (RATES | APPLICATION | DISCLOSURES)
Whether you are going by land or sea, we can finance your grown-up toys up to 100%. Our lending team is anxious to help you float away in the boat of your dreams! Contact us today and let us assist you.
Signature and Share Secured Loans (RATES | APPLICATION | DISCLOSURES)
Unsecured personal loans up to 15% of gross income.
Your credit union has low cost, affordable loans for just about any purpose or amount.
 Here are some examples of various personal loans:
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Vacation Getaway
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Furniture Purchase
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Computer Equipment
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Wedding Expenses
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Jewelry Purchase
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Debt Consolidation
Here are some benefits of financing your personal loan with your credit union!
- No prepayment penalties
- No application fees
- Payments can be made automatically through payroll deduction or via payment coupon monthly - your choice!
- Same day approval!
First Mortgages 
We offer first mortgages through CU Members Mortgage. Visit CU Members Mortgage or call us at 800-356-4501 to begin the process.
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