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 May 14, 2025
Description of Account Dividend Rate APY*
     
Share Certificates ($1,000 Min deposit )    
6 Month -   Pay at maturity into Regular Share Account 4.00%

4.06%

12 Month -  Pay monthly into Regular Share Account 3.95% 4.01%
24 Month -  Pay monthly into Regular Share Account 3.33% 3.37%
36 Month -  Pay monthly into Regular Share Account 3.38% 3.42%
Share Certificates ($25,000 Min Deposit )    
6 Month -   Pay at maturity into Regular Share Account 4.03% 4.09%
12 Month -  Pay monthly into Regular Share Account 3.98% 4.04%
24 Month -  Pay monthly into Regular Share Account 3.37% 3.41%
36 Month -  Pay monthly into Regular Share Account 3.42%

3.46%

Share Certificates ($50,000 Min Deposit)    
6 Month -   Pay at maturity into Regular Share Account 4.05% 4.12%
12 Month -  Pay monthly into Regular Share Account 4.00% 4.06%
24 Month -  Pay monthly into Regular Share Account 3.40% 3.44%
36 Month -  Pay monthly into Regular Share Account 3.45% 3.49%
  • 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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