Frequently Asked Questions

What is a share certificate?

A share certificate is a credit unions term for a certificate of deposit, or a CD.  It is a savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination.

Why invest in a share certificate?

If you're fortunate enough to have some extra savings and want to earn higher dividends than a regular savings, checking or money market account, consider a share certificate. You cannot withdraw your funds during the pre-selected length of the term without penalty, but you will most likely earn a higher rate than any of the above-mentioned options.