Share Savings Accounts & Share Certificate Account – North Side Community Federal Credit Union

Description

All members open a share savings account to establish membership.
Minimum deposit of $15.00 to open the account. A $5 one time membership fee applies.
Available as an individual or joint account.
Earnings on your shares are called “dividends” and are declared periodically by the Board of Directors. Dividend rates are subject to change each dividend period.
Deposits can be made at any time, with cash, check or money order or by direct deposit and payroll deduction, in person, or by mail.
Withdrawals can be made by personal visit, or written request (email or fax) in the form of a check. Please note that our tellers do not disperse cash.
ATM cards and free access to our ATM machine are available to qualifying members.
After four (4) years of inactivity, a dormant fee will be charged monthly.
Statements are sent at the end of each quarter.

Fees

$1.50 Fee for use of ATM other than North Side ATM.
Low balance share withdrawal fee:
If your withdrawal brings your balance below $100, you will be charged a $1 fee.
If your withdrawal brings your balance falls below $50, you will be charged a $5 fee.
If you are withdrawing regularly from your savings account, please consider a checking account.
Telephone balance inquiry: FREE with Bank-by-Phone, or with teller.
Research fee of $25/per hour (1 hour minimum) applies when an account question requires additional research or multiple item pulls, including but not limited to check images or statements.
Fees subject to change without notice.

Share Certificate Accounts (CD’s)

Description

Terms from 6 months to 12 months are available.
The minimum deposit is $2,000.
Our current rates are 0.5% APY for 6 months, 1% APY for 9 months, and 1.2% APY for 12 months
Rates vary with term and amount of deposit.
Once your Certificate reaches maturity, it will renew automatically for another term at North Side’s current rate as of the maturity date, unless you give other instructions.
As with all Certificates, there is a penalty for early withdrawal.
Contact us for more information on opening a Certificate.

Member Responsibility

In the event of member account information (checkbook or other piece of identification) being lost of stolen, it is the member’s responsibility to notify the credit union immediately.
To keep track of your account balance and avoid fees, consistently review your account statements, balance your checkbook, and call Bank-by-Phone as needed.