IBEW Local 56 Federal Credit Union was chartered in 1961 - Once A Member ... Always A Member

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Share Certificates

Rates are guaranteed for the life of the certificate.

  • Six month Share Certificate: dividends are paid upon maturity of the certificate, penalty for early withdrawal - 30 days loss of interest.
  • Twelve month Share Certificates: dividends are paid monthly and are deposited into the Regular Share account, penalty for early withdrawal - 30 days loss of interest.
  • Twenty-four and Thirty-six month Share Certificates: dividends are paid monthly and are deposited into the Regular Share account, penalty for early withdrawal - 90 days loss of interest.
Share Certificates Rates and Yields - Effective September 22, 2021
Description of Account Dividend Rate APY*
Share Certificates ($1,000 Min Deposit)    
12 Month - Pay monthly into Regular Share Account 0.29% 0.29%
24 Month - Pay monthly into Regular Share Account 0.39% 0.39%
36 Month -  Pay monthly into Regular Share Account 0.44%

0.44%

Share Certificates ($5,000 Min deposit )    
6 Month -   Pay at maturity into Regular Share Account 0.24%

0.24%

12 Month -  Pay monthly into Regular Share Account 0.32% 0.32%
24 Month -  Pay monthly into Regular Share Account 0.42% 0.42%
36 Month -  Pay monthly into Regular Share Account 0.46% 0.46%
Share Certificates ($25,000 Min Deposit )    
6 Month -   Pay at maturity into Regular Share Account 0.28% 0.28%
12 Month -  Pay monthly into Regular Share Account 0.34% 0.34%
24 Month -  Pay monthly into Regular Share Account 0.44% 0.44%
36 Month -  Pay monthly into Regular Share Account 0.48%

0.48%

Share Certificates ($50,000 Min Deposit)    
6 Month -   Pay at maturity into Regular Share Account 0.30% 0.30%
12 Month -  Pay monthly into Regular Share Account 0.36% 0.36%
24 Month -  Pay monthly into Regular Share Account 0.46% 0.46%
36 Month -  Pay monthly into Regular Share Account 0.50% 0.50%
  • APY = Annual Percentage Yield
  • Fees or other conditions may reduce earnings
  • Dividend rate & APY offered for term of certificate
  • APY may be lower if you withdraw funds before maturity
  • A dividend penalty may be imposed for early withdrawal
  • Dividends will be deposited to regular shares
  • Rates subject to change without notice
  • Contact an employee for information about other applicable fees and terms

 

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