The Truth –in-Savings Act (TISA), passed by Congress in 1991, requires all financial institutions to tell you important information about your deposit accounts. This information can help you make a more informed decision about which account is best for you. Credit Union accounts may include share, IRA, and Holiday Club accounts.

Rates are reviewed on a regular basis by your Board of Directors. Annual percentage yield and dividends may be changed every quarter. Factors determining such a change include but are not limited to: the economy, the ratio of savings shares to loans, and incentives.

Dividends will be compounded and credited to your account every quarter. Dividends are calculated by the average daily balance method that applies a periodic rate to the average daily balance in the account for the period.

The minimum that is required to open an account is $5, which is equal to one share in the Credit Union. You must maintain a minimum average daily balance of $100 in your account to earn interest.