Share Certificates

• Set aside for future savings goals
• Competitive, fixed rate for length of term
• A wide range of terms available (from 3 months to 5 years)
• Receive higher rates by selecting a longer term
• No setup or maintenance fees
• Flexible options at maturity
• Can ladder share certificates to increase liquidity
• Early withdrawals subject to penalty
• $500 minimum deposit to open
• Federally insured by NCUA up to $250,000

Dividends

Dividend earnings may be reinvested into the share certificate to enhance your total earnings. Or you may choose to have dividends deposited into a savings account or mailed directly to you.

Maturity

Unless specific arrangements are made with a member service representative, certificates will automatically renew at maturity. A statement will be sent out approximately 14 days prior to maturity and there will be a 7-day grace period. This provides convenience for members, and permits members nearly 30 days to change the terms or conditions of the certificate without penalty.

Laddering

A great way to build liquidity into certificates — and to make the most of rate changes — is to ladder your share certificates.

Laddering simply means dividing your money among several certificates, each with an increasingly longer term, instead of putting all your money into one certificate. This way, part of your investment becomes available periodically rather than locking the entire amount for the longest term.

In addition to making funds available if you need them, this gives the opportunity to take advantage of rates that are increasing since you can reinvest the share certificate that matures at the current rate.

 Certificate of Deposit: The Basics

Click the button below for additional information on Certificate of Deposit, cashing out and more!

The Basics

More Protection, More Security and More assurance

Your Money is safe with us! For added protection, we provide our members with Excess Share Insurance (ESI).  

We are pleased to inform your deposit accounts in TRUE Community Credit Union are insured for up to $500,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI).

More Details on Excess Share Insurance