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 28, 2022
Description of Account Dividend Rate APY*
Share Certificates ($1,000 Min Deposit)    
12 Month - Pay monthly into Regular Share Account 0.44% 0.44%
24 Month - Pay monthly into Regular Share Account 0.54% 0.54%
36 Month -  Pay monthly into Regular Share Account 0.59%

0.59%

Share Certificates ($5,000 Min deposit )    
6 Month -   Pay at maturity into Regular Share Account 0.39%

0.39%

12 Month -  Pay monthly into Regular Share Account 0.47% 0.47%
24 Month -  Pay monthly into Regular Share Account 0.57% 0.57%
36 Month -  Pay monthly into Regular Share Account 0.61% 0.61%
Share Certificates ($25,000 Min Deposit )    
6 Month -   Pay at maturity into Regular Share Account 0..43% 0.43%
12 Month -  Pay monthly into Regular Share Account 0.49% 0.49%
24 Month -  Pay monthly into Regular Share Account 0.59% 0.59%
36 Month -  Pay monthly into Regular Share Account 0.63%

0.63%

Share Certificates ($50,000 Min Deposit)    
6 Month -   Pay at maturity into Regular Share Account 0.45% 0.45%
12 Month -  Pay monthly into Regular Share Account 0.51% 0.51%
24 Month -  Pay monthly into Regular Share Account 0.61% 0.61%
36 Month -  Pay monthly into Regular Share Account 0.65% 0.65%
  • 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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